CHAPTER XIV

Boyd Emerson slept well that night, notwithstanding the disturbing occurrences of the day, for during the evening Cherry had tactfully diverted him from all mention of business, trusts, or canneries, much as a good physical director, on the eve of a contest, relieves the grinding monotony of an athlete's training. The brain, after all, is but flesh and blood, and, like the muscles, requires rest; an unbroken intensity of contemplation tends inevitably to weariness and pessimism.

They had dined gayly, tete-a-tete, while care fled before the girl's exuberant spirits. Contentment had deepened in the companionable enjoyment of a play, and later a little supper-party, at which Big George and Alton Clyde were present, had completed Boyd's mental refreshment, to Cherry's satisfaction.

True, it had required all her skill to prevent the big fisherman from holding forth upon the issue uppermost in his mind; but his loyalty to her was doglike, and once he found that his pet topic was tabooed, he lapsed into a good-natured contemplation of his finger-nails, which he polished industriously with his napkin.

The girl had further demonstrated her power over all sorts and conditions of men by reducing the blase young club-man to a state of grinning admiration, "Fingerless" Fraser alone had been missing from the coterie. He had discovered them from a distance, to be sure, and come over to exchange greetings with Cherry, but the disastrous result of the fellow's garrulity was still so fresh in Boyd's mind that he could not invite him to join them, and Fraser, with singular modesty, had quickly withdrawn, to wander lonesomely for a while, till sheer ennui drove him to bed. His dejection awakened little sympathy in Boyd, who felt happier for the removal of his irritating presence.

In the morning Boyd was brought sharply back to a realization of his difficult position by a letter from Mildred Wayland.

"Father and I had another scene over you," wrote Mildred. "It was the first quarrel we ever had, and I'm half sick as a result. I simply can't bear that sort of thing, and we have agreed to drop the subject. What roused him to such a sudden fury I'm sure I don't know."

Boyd knew, however, and the knowledge did not add to his comfort.

It seemed, indeed, as if the Trust's enmity had marked him in the eyes of the whole financial world; he was again denied assistance at the banks, and this time in a manner to show him the futility of argument or further effort. The reasons given were as final as they were vague, and night found the young promoter half dazed and desperately frightened at the completeness of the disaster which had overwhelmed him in the brief space of thirty-six hours. He could not blind himself to the situation. Those Chicago men who had backed him were personal friends, and they had risked their hard-earned dollars purely upon the strength of his vivid assurances. He had prevailed upon them to invest more than they could afford, and while ultimate failure might be forgiven, it savored less of indiscretion than of criminal culpability to be left at the very outset of the enterprise with a shipload of useless machinery upon the docks at Seattle. Ruin was close upon him.

In his perplexity he turned naturally to Cherry, who listened to his tale of repeated failure with furrowed brows, pondering the matter as seriously as if the responsibility had been her own.

"The battle has begun sooner than I expected," she said, at length. "I never dreamed they could fix the banks so quickly."

"Somehow, I can't believe this is the work of the Trust people; I don't see how they could accomplish so much in so short a time. Why, it came like a thunderclap."

"I hope I am wrong," she answered, "but something unexpected must have happened to change Mr. Hilliard's attitude. What could it be except pressure from higher sources?"

"Has he dropped any hint before you?"

"Not a hint. He wouldn't let go of anything. Why, he is too close-fisted to drop his r's."

"So I am told. He belongs to that anomalous class who are as rigid in business methods as they are loose in private morals."

"Indeed!" Cherry seemed curious.

"But inasmuch as his extravagance begins at 10 P.M. and ends at 10 A.M., it doesn't seem to affect his social standing. However, we needn't discuss his personal character; there's enough to think of without that. Will you take dinner with me this evening, so that we can talk over any further developments?"

"I am to dine with Mr. Hilliard," said the girl.

"Oh!" Boyd's tone of disappointment seemed disproportionate to theoccasion. He endeavored to disguise his feeling by saying, lightly:"You are breaking into exclusive circles. He lives in quite a palace,I'm told."

"I—I'm not dining at his home." Cherry hesitated, and Boyd flashed a sharp glance at her. A faint color flushed her cheeks, as she explained: "He could not see me at the office to-day, so he arranged for me to take dinner with him."

"I see." Boyd detected a note hitherto strange in his own voice. "I am going to try the Tacoma banks to-morrow. Would you like to run over with me in the morning. The Sound trip is beautiful."

"I would love to," she exclaimed. "I may have something to report if I can make Mr. Hilliard talk."

"Out of curiosity, I should like to know what influenced him." All women were more or less suspicious, he reflected, and some of them were highly intuitive; still, he could not believe that this was all Willis Marsh's doing. As he mused he idly thumbed the pages of a magazine. He was about to lay it down when his eye caught a well-known face, and he started, then glanced at the date of issue. It was a duplicate of that copy which had affected him so deeply in Cherry's house at Kalvik. He lifted his eyes to find her scrutinizing him.

"No, you can't cut out that page," she said, with a slightly embarrassed laugh.

"Where did you run across this?"

"I didn't run across it" she admitted; "I scoured the book-stalls for it all the morning. Curiosity is a feminine trait, you know."

"I don't quite understand."

"That missing page has caused me insomnia for months. But now I'm as puzzled as ever, for there are two pictures, one on either side of the leaf, and each has possibilities. Which is it—the society bud or the prima donna?"

"I don't know what you mean," he answered, somewhat stiffly. His love for Mildred Wayland had always been so sacred and inviolable a thing that even Cherry's frank inquisitiveness seemed an intrusion.

"I'll call for you in time for the nine-o'clock boat," he added, as he arose to go. "Meanwhile, if you get a hint from Hilliard, it may be useful."

Left to his own devices, Boyd spent the evening in gloomy solitude, vainly seeking for some way out of his difficulties. But, despite his preoccupation with his own affairs, a vague feeling of resentment at the thought of Cherry and Hilliard kept forcing itself upon his mind. Perhaps the girl's indiscretion was of no very serious nature; yet he found it hard to excuse even a small breach of propriety upon her part. Surely, she must understand the imprudence of dining alone with the banker. His attentions to her could have but one interpretation. And she was too nice a girl to compromise herself in the slightest degree. Although he told himself that a business reason had prompted her, and reflected that the business methods of women are baffling to the mind of mere man, his reasoning quite failed to reconcile him to the situation. In the end he had to acknowledge that he did not like the look of it in the least.

But in the morning he found it impossible to maintain a critical attitude in Cherry's presence. She had finished her breakfast when he called, and was awaiting him, clad in a brown velvet suit which set off her trim figure with all the effectiveness of skilful tailoring. Brown boots and gloves to match, with a dainty turban in which lay the golden gleam of a pheasant's plumage, completed the picture. She was as perfect to the eye as the morning itself.

"Well, did Hilliard expose the hidden mysteries of the banking system?" he questioned, as they walked down toward the water front.

"He did. It is no mystery at all now."

"Then it was that newspaper story that frightened him."

"Indirectly, perhaps. He didn't mention it."

"What did he say?"

"Nothing."

"Nothing! Then how—?",

"He informed me that you are in love with the society girl and not with the actress. He said you are engaged to marry Miss Wayland."

"Yes. But what did he say about the loan?"

"Only what I have told you. The rest is easy. Had you been less secretive, I would have known instantly whom to blame for this trouble. Wayne Wayland and Willis Marsh are working double, and inasmuch as you arepersona non grata—"

"Who told you I ampersona non grata?"

"You told me yourself without intending to. Please give me credit for some shrewdness. If you had been a welcome suitor, you would have had no difficulty in raising twice two hundred thousand dollars in Chicago. Then, too, I remember the story you told me at Kalvik, your mental attitude—many things, in fact. Oh, it was very simple."

"Well, what of it? What has all that got to do with my present difficulty?"

"Listen! You want to marry the daughter of the greatest trust-builder in the country, and he doesn't want you for a son-in-law. You undertake an enterprise which seriously threatens his financial interests, and if successful in that, you could defy his opposition in the other matter. Now all goes well until he learns of your plans, then he strikes with his own weapons. A word here and there, a hint to the banks, and your fine castle comes tumbling down about your ears. I thought you had more perception."

The girl's voice was sharp, and she wore that expression of unyouthful weariness that Boyd had noted before. He could not help wondering what bitter experience had taught her disillusion, what strange environment had edged her wits with worldly wisdom.

"We haven't figured Marsh in at all," he said, tentatively.

"He figures, nevertheless, as I intend to show you to-day. To begin with, please notice that unobtrusive man in the gray suit—not now! Don't look around for a minute. You will see him on the opposite side of the street."

Boyd turned, to observe a rat-faced fellow across the way, evidently bound for the Tacoma boat.

"Is he following us?"

"I see him, everywhere I go."

Boyd's face clouded angrily, at which Cherry exclaimed: "Now, forHeaven's sake, don't mimic Big George, or we'll never learn anything!"

"I won't stand for a spy!" he growled.

"And be arrested?"

"No," he assured her, grimly. "It may be as you suspect, but you needn't fear that I'll ever go to jail for assaulting one of Willis Marsh's helpers."

She glanced up quickly, as if detecting a double meaning in his words; then, at the smouldering fires she beheld, observed, in a gentler tone: "You care a great deal for Miss Wayland, don't you?"

His only answer was a deep breath and a slow turning of the head, but once she had seen the look in his eyes she needed no other. She could only say: "I hope she is worthy of all she is causing you to suffer, Boyd, so few of us are."

She did not speak again, but in her heart was a great heaviness. They reached the dock and lost sight of the spy, only to have him reappear soon after the boat cleared, and while neither spoke of it, they felt his presence during the whole trip.

Before them Rainier lifted its majestic, snow-crowned head high into the heavens, its serrated slopes softened by a purple haze, its soaring crest limned in blazing glory by the sun. The bay beneath them was like a huge silver shield, flat-rolled and glittering, inlaid with master cunning between wooded hills that swept away into mysterious distances, there to rise skyward in an ever-changing, ever-charming confusion. It reflected fairy-like islands, overgrown till they bowed to their mirrored likenesses. Now a smiling inlet opened up a perspective of golden sand and whispering shingle; again a frowning bluff slipped past, lost in lonely contemplation of its own inverted image. The day was gorgeous, inspiring. Their course lay through an enchanted region, so suggestive of splendid possibilities that Boyd was constrained to observe:

"You know, if the Pilgrim Fathers had landed here in the first place, New England would never have been discovered," a remark at which Cherry nodded in complete agreement.

At Tacoma Boyd left her, to go about his business, but joined her later at lunch, with the joyful announcement:

"I've had better luck, this time. They said there would be no difficulty whatever in handling the matter, and they are to let me know definitely to-morrow."

"Did Hawkshaw hound you to the bank?" she inquired.

"I rather think so."

"Then to-morrow will tell the tale."

"You mean the bank will turn me down?"

"Yes, if I've sized up the situation correctly. I dare say these banks are as cautious as those in Seattle, and a few words over the telephone would do the trick."

"I'm inclined to give that shadow a little personal attention," the young man mused; but when she questioned him, he only smiled and assured her of his caution.

Again on the return trip they discovered the fellow among the passengers, but Boyd made no sign until the boat was landing. Then Cherry found that he had edged her into the crowd massed at the gangway, and caught sight of the man in gray immediately ahead of them. She noticed that while Emerson maintained a flow of conversation his eyes were constantly upon the fellow's back, and that he kept a position close to his shoulder, regardless of jostling from the others. She could not tell what this foreboded, nor did she gain a hint of Boyd's purpose, until the gang-plank was in place and they were out upon it. A narrow space separated the boat from the dock; as they crossed this, Boyd slipped and half fell on the slanting planks. She never knew exactly what happened, except that he released her arm and lunged violently against the man in gray, who was next him. It occurred with the suddenness of pure accident, and the next she saw was the stranger plunging downward along the piling, clutching wildly at the vessel's side, while Boyd clung to the guard-rope as if about to lose his balance.

The man's cry as he struck the water alarmed the crowd and caused a momentary stampede, in which Cherry and Boyd were thrust shoreward; but the confusion quickly subsided, as an officer flung a heaving-line to the gasping creature beneath. A moment later the hatless spy was dragged to the dock, indignant and sputtering.

"I'm very sorry, sir." Boyd apologized, profusely. "It was all my fault. The plank was steep, and I was forced off my feet. Whenever I'm followed too closely, I lose my head—it's a weakness I have."

The man ceased cursing to dart a sharp glance at him, but he was still too unmanned by his cold immersion to do more than chatter angrily. In the hubbub Emerson led his companion out into the street, where she beheld him shaking with suppressed laughter.

"Boyd," she cried, in a shocked voice, "then it was—you—you might have killed him! Suppose his head had struck a timber!"

"Yes, that would have been too bad!" he declared; then, at the sight of her face, his chuckle changed to a wolfish snarl. "He'll know enough to keep away from me hereafter. I won't play with him the next time."

"Don't! Don't! I never saw you look so. Why, it might have been murder!"

"Well?" He stared at her, curiously.

"I—I didn't think it of you." She shuddered weakly, but he only shrugged his shoulders and said, with a finality that cut off further discussion: "He's a spy! I won't be spied upon."

When Boyd entered his room at the hotel, whither he had gone after leaving Cherry at Hilliard's bank, Big George greeted him excitedly.

"Here's hell to pay. We can't get that barkentine."

"TheMargaret?Why not? The charter was all arranged."

"The agent telephoned that we couldn't have her."

"What reasons did he offer?"

"None. We can't have her, that's all."

"She's the only available ship on the Sound. Our stuff will be here in a fortnight."

"Some of it will."

"What do you—?"

"Boilers held up."

"Boilers?"

"Yes. Read that." Balt tossed him a telegram.

"'Shipment delayed,'" read Boyd. "Well! This is growing interesting. Thank Heaven, other people handle machinery!" He reached for a blank, and hurriedly wrote a message cancelling his order. "I guess Cherry was right. Marsh is fighting to delay us." He began a recital of the morning's occurrences, but before he had finished he was called to the telephone.

"More bad news!" he exclaimed, as he re-entered the room. "The Jackson-Nebur Company say they can't make delivery of their order. I wonder what next."

"We don't need nothing more to cripple us," George declared, blankly."Any one of these blows is a knockout."

It was perhaps an hour later that Cherry entered unannounced.

"I just ran in for a minute to tell you something new. When I came up from the bank, the elevator boy at the hotel made a mistake and carried me past my floor. Without noticing the difference, I went down the hall, and whom should I run right into, coming out of a room, but our detective! As he opened the door I heard him say, 'Very well, sir, I'll report to-morrow.'"

"To whom was he reporting?"

"I don't know. A few minutes later I called you up, to tell you about it; but while I was waiting for my number, the operator evidently got the wires crossed or left a switch open, for I heard this much of a conversation:

"'Our contract covers fifty thousand cases at five dollars. We thought that was at least twenty cents under the market.'

"I was about to ring off when I remembered that you had sold your output of fifty thousand cases to Bloc & Company for five dollars a case, so I listened, on a chance, and heard another voice reply—"

"Whose voice?"

"I don't know. It said, 'We'll undersell that by one dollar.'

"'Good Lord!' said the first speaker, 'that means a loss of—' and then I was cut off. I thought I'd better come over in person instead of trusting to the wire."

"And you didn't recognize either speaker?"

"No. But I discovered at the office that rooms 610 and 612—the suite I saw that detective coming out of—are occupied by a Mr. Jones, of New York, who arrived three days ago. I'll bet anything you please that you'll hear from Bloc & Company within twenty-four hours, and that the occupant of those rooms at the Hotel Buller is Willis Marsh."

Big George began to mutter profanely. "It looks like they had us, and all because Fraser's tongue is hung in the middle."

"All the same, we'll fight it out," said Emerson, grimly. "If I can raise that money in Tacoma—" Again the telephone bell buzzed noisily.

"Bloc & Company," predicted Cherry, but for once she was wrong.

"A call from Tacoma," said Boyd, the receiver to his ear; "it must be the Second National. They were not to let me know till to-morrow." Through the open door of the adjoining room his words came distinctly, while the others listened in tense silence.

"Hello! Yes! This is Boyd Emerson." Then followed a pause, during which the thin, rasping voice of the distant speaker murmured unintelligibly.

"Why not? Can't you give me a reason? I thought you said—Very well.Good-bye."

Emerson hung up the receiver carefully, and with the same deliberation turned to face his companions. He nodded, and spread his hands outward in an unmistakable gesture.

"What! already?" queried the girl.

"They must have been reached by 'phone."

"That detective may have called Marsh up from there."

"That means it won't do any good to try further in Tacoma. The other banks have undoubtedly been fixed, or they soon will be. If I can slip away undiscovered, I'll try Vancouver next, but I haven't much hope."

"It looks bad, doesn't it?" said Cherry.

"As we stand at present," Boyd acknowledged, "we are the owners of one hundred thousand dollars' worth of useless machinery and unsalable supplies."

"And all," mused the girl, "because of a loose tongue and a little type!"

"I say, old man, just how do we stack up?" questioned Alton Clyde, when, later in the week, he had succeeded in pinning Boyd down for a moment's conversation. "Blessed if I know what's going on."

"Well, we're up against it."

"How?"

"That newspaper story started it." Emerson's teeth snapped angrily, and Clyde's colorless eyes shifted. "Fraser let his tongue wag, and immediately the banks closed up on me. I've tried every one in this city, in Tacoma, in Vancouver, and in Victoria, but it seems that they have all been advised of war in the canning business. Our ship was taken away from us, and although I have found another, I'm afraid to charter it until I see my way out. Then there have been delays in various shipments—boilers, tin, lumber, and all that. I haven't worried you with half the details; but George and I have forgotten what a night's rest looks like. Now Bloc & Company are trying to get out of their contract to take our output." Emerson sighed heavily and sank deeper into his chair, his weariness of mind and body betrayed by his utter relaxation. "I guess we are done for. I'm about all in."

"Glory be!" exclaimed the dapper little club-man, with a comical furrow of care upon his brow. "When you give up, it is quitting time."

"I haven't given up; I am doing all I can, but things are in a diabolical tangle. Some of our supplies are here; others are laid out on the road; some seem to be utterly lost. We have had to make substitutions of machinery, our bills are overdue, and—but what's the use! We need money. That's the crux of the whole affair. When Hilliard balked, he threw the whole proposition."

"And I'm stung for ten thou," reflected Clyde, lugubriously. "Ten thousand drops of my heart's red blood! Good Lord! I'm a fierce business man. Say! I ought to be the purchasing agent for the Farmers' Alliance; gold bricks are my specialty. I haven't won a bet since the battle of Bull Run."

"What about the twenty-five thousand dollars that you raised?" Emerson asked.

Clyde began to laugh, shrilly. "That's painfully funny. I hadn't thought about that."

"The situation may be remarkable, but I don't see anything humorous in it," said Emerson, dryly.

"Oh, you would if you only knew, but I can't tell you what it is. You see, I promised not to divulge where the money came from, and when I give my word I'm a regular Sphinx. But it's funny." After an instant he said, in all seriousness: "If Hilliard holds the combination to this thing, why don't you have Cherry help us?"

"Cherry! How can she help?"

"She can do anything she wants with him."

"What do you mean?"

"I may be a heavy autumn frost as a financier," the younger man remarked, "but when it comes to women I'm as wise as a wharf rat. I've been watching her work, and it's great; people have begun to talk about it. Every night it's a dinner and a theatre party. Every day, orchids and other extortionate bouquets, with jewel-boxes tied on with blue ribbons. His motor is at her disposal at all times, and she treats his chauffeur with open contempt. If that doesn't signify—"

"Nonsense!" exclaimed the other with disgust. "She is too nice a girl for that. You have misconstrued Hilliard's politeness."

Finding his worldly wisdom at issue, Clyde defended himself stoutly. "I tell you, he has gone off his blooming balance; I know the symptoms; leave it to old Doctor Clyde."

"You say other people have noticed it?"

"I do! Everybody in town except you and the news-dealer at the corner—he's blind."

Emerson rose from his chair, and began to pace about slowly. "IfHilliard has turned that girl's head with his attentions, I'll—"

Clyde threw back his head and laughed in open derision. "Don't worry about her—he is the one to be pitied. She's taking him on a Seeing-Seattle trip of the most approved and expensive character."

"She isn't that kind," Emerson hotly denied.

"Now don't be a boy until your beard trips you up. That girl is about to break into old Hilliard's vault, and while she's in there, with the gas lighted and a suit case to lug off the bank-notes, why not tell her to toss in a few bundles for us?"

"If I can't get along without taking money from a woman, I'll throw up the whole deal."

The curious look which Boyd had noted once before came into Clyde's eyes, and this time, to judge by the young fellow's manner, he might have translated it into words but for the entrance at that moment of Cherry herself, accompanied by "Fingerless" Fraser.

"What luck in Vancouver?" she inquired,

"None whatever. The banks won't listen to me and I can't interest any private parties."

"See here," volunteered Fraser, "why don't you let me sell some of your stock? I'm there with the big talk."

Emerson turned on him suddenly. "You have demonstrated that. If you had kept your mouth shut we'd have been at sea by now."

The fellow's face paled slightly as he replied: "I told you once that I didn't tip your mit."

"Don't keep that up!" cried Boyd, his much-tried temper ready to give way. "I can put up with anything but a lie."

Noting the signs of a rising storm, Clyde scrambled out of his chair, saying: "Well, I think I'll be going." He picked up his hat and stick, and hurriedly left the room, followed in every movement by the angry eyes of Fraser, who seemed on the point of an explosion.

"I don't believe Fraser gave out the story," said Cherry, at which he flashed her a grateful glance.

"You can make a book on that," he declared. "I may be a crook, but I'm no sucker, and I know when to hobble my talk and when to slip the bridle. I did five years once when it wasn't coming to me, and I can do it again—if I have to." He jammed his hat down over his ears, and walked out.

"I really think he is telling the truth," said the girl. "He is dreadfully hurt to think you distrust him."

"He and I have threshed that out," Emerson declared, pacing the room with nervous strides. "When I think what an idiotic trifle it was that caused this disaster, I could throttle him—and I would if I didn't blame myself for it." He paused to stare unseeingly at her. "I'm waiting for the crash to come before I walk into room 610 at the Hotel Buller and settle with 'Mr. Jones, of New York.'"

"You aren't seriously thinking of any such melodramatic finish, are you?" she inquired.

"When I first met you in Kalvik, I said I would stop at nothing to succeed. Well, I meant it. I am more desperate now than I was then. I could have stood over that wretch at the dock, the other day, and watched him drown, because he dared to step in between me and my work, I could walk into Willis Marsh's room and strangle him, if by so doing I could win. Yes!" he checked her, "I know I am wrong, but that is how I feel. I have wrung my soul dry. I have toiled and sweated and suffered for three years, constantly held down by the grip of some cursed evil fortune. A dozen times I have climbed to the very brink of success, only to be thrust down by some trivial cause like this. Can you wonder that I have watched my honor decay and crumble?—that I've ceased to care what means I use so long as I succeed? I have fought fair so far, but now, I tell you, I've come to a point where I'd sacrifice anything, everything to get what I want—and I want that girl."

"You are tired and overwrought," said Cherry, quietly. "You don't mean what you say. The success of this enterprise, with any happiness it may bring you, isn't worth a human life; nor is it worth what you are suffering."

"Perhaps not, from your point of view," he said, roughly, then struck his palm with closed fist. "What an idiot I was to begin all this—to think I could win with no weapons and no aid except a half-mad fisherman, an addle-brained imbecile, a confidence man—"

"And a woman," supplemented Cherry. Then, more gravely: "I'm the one to blame; I got you into it."

"No, I blame no one but myself. Whatever you're responsible for, there's only one person you've harmed—yourself."

"What do you mean?" asked Cherry.

Her surprise left him unimpressed.

"Let's be frank," he said. "It is best to have such things out and be done with them. I traded my friendship for money and I am ruined. You are staking your honor against Hilliard's bank-notes." Her look commanded him, pleaded with him, to stop; but her silence only made him the more fiercely determined to force an explanation. "Oh, I'm in no mood to speak gently," he said; then added, with a sting of contempt in his tone: "I didn't think you would pay quite that price for your copper-mine."

Cherry Malotte paled to her lips, and when she spoke her voice was oddly harsh. "Kindly be more explicit; I don't know what you are talking about."

"Then, for your own good, you'd better understand. According to accepted standards, there is one thing no woman should trade upon."

"Go on!"

"You have set yourself to trap Hilliard, and, from what I hear, you are succeeding. He is a married man. He is twice your age. He is notorious—all of which you must know, and yet you have deliberately yielded yourself to him for a price."

Suddenly he found the girl standing over him with burning eyes and quivering body.

"What right have you to say such things to me?" she cried. "A moment ago you acknowledged yourself a murderer—at least in thought; you said you would sacrifice anything or everything to gain your ends. Do you think I'm like that, too? Are my methods to be called shameful because your own are criminal? And suppose they were! Do you think that you and your love for that unfeeling woman, who sent you out to toil and suffer and sweat your soul dry in the solitude of that horrible country, are the only issues in the world?"

"We won't speak of her," he broke in, sharply.

"Oh yes, we will You say I have set a price on myself. Well, she set a price on herself, but you can't see it. Her price was your honor, that has crumbled; your conscience, that has rotted. You have paid it, and you would pay double if she exacted it. But one thing you shall not do: you shall not judge of my bargains, nor decide what I have paid to any man."

Never before had Boyd seen a woman so transformed by the passion of anger. Her lids had drooped, half hiding her eyes. Her whole expression had hardened; she was the picture of defiant fury. The mask had slipped, and he caught a glimpse of the naked, passionate soul, upheaved to its depths. Oddly enough, he felt it thrill him.

"I beg your pardon," he said. "You are your own mistress, and you have the right to make any bargain you choose."

She turned away, and, going to the window, stared down upon the busy street, striving to calm herself. For a time the room was silent, save for the muffled sounds from below; then she faced him again, and he saw that her eyes were misty with tears. "I want you to know," she said, "that I understand your position perfectly. If you don't succeed, you not only lose the girl but ruin yourself, for you can never repay the men who trusted you. That is a very big thing to a man, I know, yet there must be a way out—there always is. Perhaps it will present itself when you least expect it." She gave him a tired little smile before lowering her veil.

He rose, and laid his hand on her arm. "Forgive my brutal bluntness. I'm not clever at such things, but I would have said as much to my sister if I had one."

It was an honest attempt to comfort her, but it failed. "Good-bye," she said; "you mustn't give up."

All the way back to her hotel her mind dwelt bitterly upon his parting words. "His sister! his sister!" she kept repeating. "God! Can't he see?" If he had shown even a momentary jealousy of Hilliard it would not have been so hard, but this impersonal attitude was maddening! The man had but one idea in the world, one dream, one vision—another woman. Alone in her room, she still felt the flesh of her arm burn, where he had laid his hand, and then came the thrill of that forgotten kiss. How many times had she felt the pressure of his lips upon hers! How many hopes had she built upon that memory! But the thought of Boyd's indifference rose in sharp conflict with the tenderness that prompted her to help him at any cost. After all, why not take what was offered her and let this man shift for himself? Why not live her life as she had planned it before he came? The reward was at hand—she had only to take it and let him go down as a sacrifice to that ice-woman he coveted.

Dusk was falling when she ceased pacing the floor, and with set, defiant face went to the telephone, to call up Hilliard at the Rainier Club.

"I have thought over your proposition and I have changed my mind," she said. "Yes, you may send the car for me at seven." Then, in reply to some request, she laughed back, through white lips: "Very well, if you wish it—the blue dress. Yes! The blue decollete dress." She hung up the receiver, then stood with hands clinched while a shiver ran through her slender body. She stepped to a closet, and flung open the door to stare at the array of gowns.

"So this is the end of my good resolutions," she laughed, and snatched a garment recklessly from its hook. "Now for all the miserable tricks of the trade!"

George Balt, Clyde, and Fraser formed a glum trio as they sat in a nook of the hotel cafe, sipping moodily at their glasses, when, on the following afternoon, Emerson joined them. But they sensed some untoward happening even before he spoke; for his face wore a look of dazed incredulity, and his manner was so extraordinary that they questioned in chorus:

"What's the matter? Are you sick?"

"No," said he. "But I—I must have lost my mind."

"What is it?"

"The trick is turned."

"The trick!"

"I have raised the money."

With a shout that startled the other occupants of the room, Balt andClyde jumped to their feet and began to caper about in a frenzy. Even"Fingerless" Fraser's expressionless face cracked in a wide grin ofamazement.

"About noon I was called on the 'phone by Hilliard. He asked me to come down to the bank at once, and I went. He said he had reconsidered, and wanted to put up the money. It's up. He'll back us. I've got it in writing. It's all cinched. One hundred thousand dollars—and more, if we need it."

"You must have made a great talk," declared Clyde.

"I said nothing. He offered it himself, as a personal loan. It has nothing to do with the bank."

"Well, I'm—!" cried Big George.

"And that goes two ways," supplemented Fraser.

"I'm going to tell Cherry, now. She will be delighted."

Alton Clyde tittered. "I told you she could pull it off," he said.

"This was Hilliard's own notion," Boyd returned, coldly. "He merely reconsidered his decision, and—"

"Turn over! You're on your back."

"It was only yesterday afternoon that I talked with Cherry. I dare say she hasn't seen him since."

"Well, I happen to know that she has. As I came home last night I saw them together. They came out of that French cafe across the street, and got into Hilliard's car. She was dressed up like a pony."

"What's that got to do with it?" demanded "Fingerless" Fraser.

"She pulled the old fellow's leg, that's all," explained Alton.

"Well, it wasn't your leg, was it?" inquired Fraser, sourly.

"No; I've no kick coming. I think she's mighty clever."

"If I thought she had done that," said Emerson, slowly, "I wouldn't touch a penny of the money."

"I don't care where the money came from or how it got here," rumbledBalt. "It's here; that's enough."

"I care, and I intend to find out."

"Oh, come now, don't spoil a good piece of work," cautioned Clyde, visibly perturbed at Boyd's expression. "You know you aren't the only one to consider in this matter; the rest of us are entitled to a look-in. For Heaven's sake, try to control this excess of virtue, and when you get into one of those Martin Luther moods, just reflect that I have laid ten thousand aching simoleons on the altar."

"Sure!" supplemented George; "and look at me and Cherry. Success means as much to her as it does to any of us, and if she pulled this off, you bet she knew what she was doing. Anyhow, you ain't got any right to break up the play."

But Boyd clung to his point with a stubbornness which he himself found it difficult to explain. The arguments of the others only annoyed him. The walk to Cherry's hotel afforded him time for reflection which, while it deepened his doubt, somewhat lessened his impatience, and when he was shown into her presence he did not begin in the impetuous manner he had designed. A certain hesitation and dread of the truth mastered him, and, moreover, the girl's appearance dismayed him. She seemed almost ill. She was listless and fagged. Upon his announcement of the good news, she only smiled wearily, and said:

"I told you not to give up. The unexpected always happens."

"And was it unexpected—to you?" he asked, awkwardly.

"What happens is nearly always unexpected—when it's good."

"Not to the one who brings it about."

"What makes you think I had anything to do with it?"

"You were with Hilliard last night."

She nodded slightly, "We closed our negotiations for the copper-mine last night."

"How did you come out?"

"He takes it over, and does the development work," she answered.

"That means that you are independent; that you can leave the North Country and do all the things you want to do?" This time her smile was puzzling. "You don't seem very glad!"

"No! Realization discounts anticipation about ninety per cent but don't let's talk about me. I—I'm unstrung to-day."

"I'm sorry you aren't going back to Kalvik," he said, with genuine regret.

"But I am," she declared, quickly. "I'm going back with you and George if you will let me. I want to see the finish of our enterprise."

"See here, Cherry, I hope you didn't influence Hilliard in this affair?"

"Why probe the matter?"

"Because I haven't lost all my manhood," he answered, roughly. "Yesterday you assumed the blame for this trouble, and spoke of sacrifices—and—well, I don't know much about women; but for all I know, you may have some ridiculous, quixotic strain in your make-up. I hope you didn't—"

"What?"

"Well, do anything you may be sorry for." At last he detected a gleam of spirit in her eyes.

"Suppose I did. What difference to you would that make?" He shifted uncomfortably under her scrutiny.

"Suppose that Mr. Hilliard had called on me for some great sacrifice before he gave up that money. Would you allow it to affect you?"

"Of course," he answered. Then, unable to sit still under her searching gaze, he arose with flushed face, to meet further discomfiture as she continued:

"Even if it meant your own ruin, the loss of the fortune you have raised among your friends—money that is entrusted to you—and—and the relinquishment of Miss Wayland? Honestly, now"—her voice had softened and dropped to a lower key—"would it make any difference?"

"Certainly!"

"How much difference?"

"I'm in a very embarrassing position," he said, slowly. "You must realize that with others depending on me I'm not free to follow my own inclinations."

She uttered a little, mocking laugh. "Pardon me. It was not a fair question, and I shouldn't have asked it; but your hesitation was sufficient answer." Then, as he broke into a heated denial, she went on:

"Like most men, you think a woman has but one asset upon which to trade. However, if I felt responsible for your difficulties, that was my affair; and if I determined to help extricate you, that also concerned me alone." He stepped forward as if to protest, but she silenced his speech with an imperious little stamp of her foot. "This spasm of righteousness on your part is only temporary—yes it is"—as he attempted to break in—"and now that you have voiced it and freed your mind, you can feel at rest. Have you not repeatedly asserted that to win Miss Wayland you would use any means that offered? You are not really sincere in this sudden squeamishness, and I would like you better if you had seized your advantage at once, without stopping to consider whence or how it came. That would have been primitive—elemental—and every woman loves an elemental lover."

He was no subtle casuist, and found himself without words to reply. The girl's sharp challenging of his motives had disconcerted him without helping him to a clearer understanding of his own mind, and in spite of the cheering turn his fortunes had taken it was in no very amiable mood that he left her at last, no whit the wiser for all his questioning. In the hotel lobby below he encountered the newspaper reporter who had fallen under Fraser's spell upon their first arrival from the North. The man greeted him eagerly.

"How d'y'do, Mr. Emerson. Can you give me any news about the fisheries?"

"No!"

"I thought there might be something new bearing on my story."

"Indeed! So you are the chap who wrote that article some time ago, eh?"

"Yes, sir. Good, wasn't it?"

"Doubtless, from the newspaper point of view. Where did you get it?"

"From Mr. Clyde."

"Clyde! You mean Fraser—Frobisher, I should say."

"No, sir. Alton Clyde! He was pretty talkative the night I saw him."The reporter laughed, meaningly.

"Drunk, do you mean?"

"Oh, not exactly drunk, but pretty wet. He knew what he was saying, however. Can't you give me something more?"

"Nothing." Boyd hurried to his hotel, a prey to mingled anger and contrition. So Fraser had told the truth, after all, and with a kind of sullen loyalty had chosen to remain under a cloud himself rather than inform on a friend. It was quite in keeping with the fellow's peculiar temperament. As it happened, Boyd found the two men together and lost no time in acquainting them with his discovery.

"I've come to apologize to you," he said to Fraser, who grinned broadly and was seized with a sudden abashment which stilled his tongue. Emerson turned to Clyde. "Why did you permit me to do this injustice?"

"I—I didn't mean to give out any secrets—I don't remember doing it," Alton apologized, lamely. "You know I can't drink much. I don't remember a thing about it, honestly." Boyd regarded him coldly, but the young man's penitence seemed so genuine, he looked so weak, so pitifully incompetent, that the other lacked heart to chastise him. It requires resistance to develop heat, and against the absence of character it is impossible to create any sort of emotion.

"When you got drunk that night you not only worked a great hardship on all of us, but afterward you allowed me to misjudge a very faithful man," declared Boyd. "Fraser's ways are not mine, and I have said harsh things to him when my temper prompted; but I am not ungrateful for the service he has done me and the sacrifices he has made. Now, Alton, you have chosen to join us in a desperate venture, and the farther we go the more vigorous will be the resistance we shall meet. If you can't keep a close mouth, and do as you are told, you'd better go back to Chicago. By rare good luck we have averted this disaster, but I have no hope of being so fortunate again."

"Don't climb any higher," admonished "Fingerless" Fraser. "He's all fluffed up now. I'll lay you eight to one he don't make another break of the kind."

"No, I was so com-cussed-pletely pickled that I forgot I even spoke about the salmon-canning business. I'll break my corkscrew and seal my flask, and from this moment until we come out next fall the demon rum and I are divorced. Is that good news?"

"Everything is a joke to you, isn't it?" said Boyd. "If this trip doesn't make a man of you, you'll never grow up. Now I've got work for all of us, including you, Fraser."

"What is it?"

"Go down to the freight-office and trace a shipment of machinery, whileI—"

"Nix! That ain't my line. If you need a piece of rough money quick, why I'll take my gat and stick somebody up in an alley, or I'll feel out a safe combination for you in the dark; but this chaperoning freight cars ain't my game. I'd only crab it."

"I thought you wanted to help."

"I do, sure I do! I'll be glad when you're on your way, but I must respectfully duck all bills-of-lading and shipping receipts."

"You are merely lazy," Emerson smiled. "Nevertheless, if we get in a tight place, I'll make you take a hand in spite of yourself."

"Any time you need me," cheerfully volunteered the other, lighting a fresh cigar. "Only don't give me child's work."

As if Hilliard's conversion had marked the turning-point of their luck, the partners now entered upon a period of almost uninterrupted success. In the reaction from their recent discouragement they took hold of their labors with fresh energy, and fortune aided them in unexpected ways. Boyd signed his charter, securing a tramp steamer then discharging at Tacoma. Balt closed his contracts for Chinese labor, and the scattered car-loads of material, which had been lost en route or mysteriously laid out on sidings, began to come in as if of their own accord. Those supplies which had been denied them they found in unexpected quarters close at hand; and almost before they were aware of itThe Bedford Castlehad finished unloading and was coaling at the bunkers.

A brigade of Orientals and a miniature army of fishermen had appeared as if by magic, and were quartered in the lower part of the city awaiting shipment. Boyd and Big George worked unceasingly in the midst of a maelstrom of confusion, the centre of which was the dock. There, one throbbing April evening,The Bedford Castleberthed, ready to receive her cargo, and the two men made their way toward their hotel, weary, but glowing with the grateful sense of an arduous duty well performed. The following morning would find the wharf swarming with stevedores and echoing to the rattle of trucks, the clank of hoists, and the shrill whistles of the signalmen.

"Looks like they couldn't stop us now," said Balt.

"It does," agreed Emerson. "We ought to clear in four days—that'll be the 15th."

"It smells like an early spring, too," the fisherman observed, sniffing the air. "If it is, we'll be in Kalvik the first week in May."

"Is your sense of smell sharp enough to tell what's happening up there?"

"Sure."

"Suppose it's a backward season?"

"Then we'll lay in the ice alongside the Company boats till she breaks.That may be in June."

"I would like to get in early, and have the buildings started beforeMarsh arrives. There's no telling what he may try."

George gave his companion a short nod. "And there ain't no telling what we may try right back at him. Anyhow, he'll have to fight in the open, and that's better than this shadow-boxing that we've been doing."

"I'm off to tell Cherry," said Boyd. "She'll need to be getting ready."

His course took him past Hilliard's bank, and when abreast of it he nearly collided with a man who came hurrying forth, an angry scowl between his eyes giving evidence of a surly humor. In the well-groomed, fiery-haired, plump-figured man who, absorbed in his own anger, was rushing by without raising his eyes, Emerson recognized the manager of the North American Packers' Association.

"Good-evening, Mr. Marsh."

Marsh whirled about. "Eh? Ah!" With a visible effort he smoothed the lines from his brow; his full lips lost their angry pout, and he showed his teeth in a startled, apprehensive smile.

"Why, yes—it's Emerson. How are you, Mr. Emerson?" He extended a soft hand, which Boyd took. Apparently reassured by this mute response, Marsh continued: "I heard you were in town. How is the new cannery coming on?"

"Nicely, thank you. When did you arrive from the East?"

"I just got in. Haven't had time to get straightened out yet. We—Mr. Wayland and I—were speaking of you before I left Chicago. We were—somewhat surprised to learn that you were engaging in the same line of business as ourselves."

"Doubtless."

"I told him there was room for us all."

"You did?"

"Yes! I assured him that his resentment was unwarranted."

"He resents something, does he?"

"Well, naturally," Marsh declared, with a wintry smile. "In view of the circumstances I may truthfully say that his feelings embrace not only a sense of resentment, but the firmly fixed idea that he has been betrayed—however, you are no doubt aware of all that. You have an able champion on the ground." He looked out across the street abstractedly. "Miss Wayland and I did our utmost to convince him you merely took a legitimate commercial advantage in dining at his house the night before you left."

"It was good of you to take my part," said Boyd, with such an air of simple cordiality that Marsh shot a startled glance at him. "Now that we are to be neighbors this summer, I hope we will get well acquainted, for Mr. Wayland spoke highly of you, and strongly advised me to pattern after you."

Marsh hid his bewilderment behind an expression which he strove to make as friendly as Emerson's own. "I understand you are banking here," he said, jerking his head toward the building at his back.

"Yes. I was offered a number of propositions, but Mr. Hilliard was so insistent and made such substantial inducements that I finally placed the business with him."

The animosity that glimmered for one fleeting instant in Marsh's eyes amused Boyd greatly, advertising as it did, that for once the Trust's executive felt himself at a disadvantage. The younger man never doubted for an instant that his coup in securing Hilliard's assistance at the eleventh hour was responsible for his enemy's sudden appearance from cover, nor that the arrival ofThe Bedford Castlehad brought Marsh to the banker's office out of hours in final desperation. From the man's bearing he judged that the interview had not been as placid as a spring morning, and this awoke in him not only a keen sense of elation but the very natural desire to goad his opponent.

"All in all, we have been singularly fortunate in our enterprise thus far," he continued, smoothly. "We were held up on some of our machinery, but in every instance the delay turned out a blessing in disguise, for it enabled us to buy in other quarters at a saving."

"I'm delighted to hear it," Marsh declared. "When do you sail?"

"Immediately. We begin to load to-morrow."

"I have changed my plans somewhat," the other announced. "I'll follow your tracks before long."

"What is your hurry?"

"Repairs. Kalvik is our most important station, so I want to get it in first-class shape before Mr. Wayland and Mildred arrive."

"Mildred!" ejaculated Boyd, surprised past resenting Marsh's use of the girl's first name. "Is she coming?"

The other's smile was peculiarly irritating.

"Oh, indeed yes! We expect to make the trip quite an elaborate excursion. Sorry I can't ask you to join us on the homeward voyage, but—" he shrugged his fat shoulders. "Run in and see me before you leave. I may be able to give you some pointers."

"Thank you. I hope you'll enjoy the summer up there in the wilderness.It will be a relief to get away from all conventions and restraints."

The men extended their hands and the Trust's manager said, in final invitation, "Drop in on me any day at the office. I'm at the National Building."

"Oh, you've moved, eh?" said Boyd, with a semblance of careless interest.

"Moved? No!"

"Indeed! I thought you were still at 610, Hotel Buller." With a short laugh and a casual gesture of adieu he turned, leaving the manager of the Trust staring after him, an astonished pucker upon his womanish mouth, a vindictive glare in his eyes. Not until his rival had turned the corner did Willis Marsh remove his gaze. Then he found that he was trembling as if from weakness.

"The ruffian!" He reached into his pocket and produced a gold cigarette-case, repeatedly snapping the heavy sides together with vicious force. When he attempted to light a match it broke in his fingers, then in a temper he threw the cigarette from him and hurried away, his plump face working, his lips drawn into a spiteful fold.

For the first time in a fortnight Boyd allowed himself the luxury of a long sleep, and a late breakfast on the following morning. But the meal came to an abrupt conclusion when Balt, who always arose with the sun, rushed in upon him and exclaimed:

"Hey! come on down to the dock, quick. There's hell to pay!"

"What's up now?"

"Strike! The longshoremen have walked out on us. I was on hand early to oversee the loading, but the whole mob refused to commence. There's some union trouble becauseThe Bedford Castledischarged her cargo with scab labor."

"In Tacoma?"

"No. In Frisco; next to her last trip."

"Why, that's ridiculous! What does Captain Peasley say?"

"He says—I'll have to wait till we're outside before I can repeat what he says."

Together the two hurried to the water-front to find a crowd of surly stevedores loafing about the dock, and an English sea-captain at breakfast in his cabin, his attention divided equally between toast, tea, marmalade and profanity.

"The beggars are mad, absolutely mad," declared the Captain. "I can't understand it. I'm still in my bed when I'm aroused by an insolent loafer who calls himself a walking delegate and tells me his union won't load me until I pay some absurd sum."

"What did you tell him?" inquired Emerson.

"What did I tell him?" Captain Peasley laid down his knife gently and wiped the tea from his drooping mustache, then squared about in his seat. "Here's what I told him as near as my memory serves." Whereupon he broke into a tornado of nautical profanity so picturesquely British in its figures, and so whole-souled in its vigor, that his auditors could not but smile. "Then I bashed him with my boot, and bloody well pursued him over the rail. Two thousand dollars! Sweet mother of Queen Anne! Wouldn't I look well, now, handing four hundred pounds over to those highbinders? My owners would hang me."

"So they demand two thousand dollars!"

"Yes! Just because of some bally rot about who may and who may not work for a living on the docks at Frisco."

"What are you going to do about it?"

"I'm going to make a swimming delegate out of the next walking emissary that boards me. Two thousand dollars!" He hid half a slice of toast behind his mustache and stirred his tea violently.

"It's Marsh again," said Big George.

"I dare say," Emerson answered. "It's a hold-up pure and simple. However, if ships can be unloaded with non-union labor they can be loaded in the same manner, and Captain Peasley talks like a man who would like to have the argument out. I want you to stay here and watch our freight while I see the head of the union."


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