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      This was too extensive a question for Will, and he faltered in his reply. He had, he said, only considered his own duties in the trade, and they offered a limited scope for observation.

      The old merchant, however, returned to the point.

      "Captain Mathews tells me that you have expressed to him your dissatisfaction at the management of our affairs in West Australia."

      "No, Sir," answered Will, with a smile, "not with the management, but with the mismanagement."

      "Ah, just so," said Mr. MacKay, "we will talk more about this by-and-by."

      When the ladies had retired, Mr. MacKay again took up the subject.

      "You think our affairs in Australia are mismanaged, then?"

      "Well, Sir, it appears to me there is no system whatever on the other side, so far as the Company's interests are concerned."

      "How is that?" asked the keen business man opening his eyes. "Does not our agent purchase and ship the sandalwood?"

      "Yes, he certainly does, and that's all be does—and that's nothing," said blunt Will, "at least for the Company's benefit."

      "Please explain," said Mr. MacKay, nervously.

      "Well," said Will, in his earliest way when interested, "as you know, the sandalwood is cut away in the bush, from sixty to a hundred miles from the shipping station at Bunbury. It is cut by ticket-of-leave men. From them it is bought by speculators, who team it to Bunbury; and from these fellows, who manage to control the wood, your agent buys it at the wharf, paying whatever price is asked."

      "You would have him do more?" asked Mr. MacKay.

      "I would change the whole plan, sir, if it were my concern. First, I would lease all or as much as I could, of the sandalwood land direct from the Government, then I would set my hired cutters to work and then carry the wood in my own teams to the wharf. The original cost can be decreased by at least fifty per cent. And, besides this, there are other valuable substances, such as gum, tan-bark, and skins, that could be carried and shipped at the same time."

      The merchant listened attentively to the broad outline of Will's plans, which he spoke about quite freely, as one outside the matter, but familiar with it.

      "Mr. Sheridan," said Mr. MacKay at length "our Company has decided to change our agent in West Australia, and it gives me great pleasure to offer you the position. I will see," he added, interrupting Will's surprised exclamation, "that you shall have sufficient power at your disposal to carry out your ideas with regard to the extension of the trade."

      Will hardly heard another word for the rest of the evening. His mind scarcely took in the change—from the poor and unknown sailor, at one step, to a man of large influence and position, for such would be the Australian agent of so wealthy a Company.

      When he returned to the ship his face flamed with excitement, as he related the wonderful story to his old friend Captain Mathews, who became even more excited than Will and declared many times over his glass of "Old Tom," "that they were beginning to see things right at last," and that "no man could do land business so well as him who was trained at sea," and divers other sentences filled with wisdom drawn from personal pride and marine philosophy.

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