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described, with his eye half closed, exactly the kind of a head a man needed in order to make a “haul” or a “clean up.” It was evidently simply a matter of the head, and as far as one could judge, Jeff’s own was the very type required. I don’t know just at what time or how Jefferson first began his speculative enterprises. It was probably in him from the start. There is no doubt that the very idea of such things as Traction Stock and Amalgamated Asbestos went to his head: and whenever he spoke of Mr. Carnegie and Mr. Rockefeller, the yearning tone of his voice made it as soft as lathered soap.

I suppose the most rudimentary form of his speculation was the hens. That was years ago. He kept them out at the back of his house⁠—which itself stood up a grass plot behind and beyond the barber shop⁠—and in the old days Jeff would say, with a certain note of pride in his voice, that The Woman had sold as many as two dozen eggs in a day to the summer visitors.

But what with reading about Amalgamated Asbestos and Consolidated Copper and all that, the hens began to seem pretty small business, and, in any case, the idea of two dozen eggs at a cent apiece almost makes one blush. I suppose a good many of us have felt just as Jeff did about our poor little earnings. Anyway, I remember Jeff telling me one day that he could take the whole lot of the hens and sell them off and crack the money into Chicago wheat on margin and turn it over in twenty-four hours. He did it too. Only somehow when it was turned over it came upside down on top of the hens.

After that the hen house stood empty and The Woman had to throw away chicken feed every day, at a dead loss of perhaps a shave and a half. But it made no difference to Jeff, for his mind had floated away already on the possibilities of what he called “displacement” mining on the Yukon.

So you can understand that when the mining boom struck Mariposa, Jefferson Thorpe was in it right from the very start. Why, no wonder; it seemed like the finger of Providence. Here was this great silver country spread out to north of us, where people had thought there was only a wilderness. And right at our very doors! You could see, as I saw, the night express going north every evening; for all one knew Rockefeller or Carnegie or anyone might be on it! Here was the wealth of Calcutta, as the Mariposa Newspacket put it, poured out at our very feet.

So no wonder the town went wild! All day in the street you could hear men talking of veins, and smelters and dips and deposits and faults⁠—the town hummed with it like a geology class on examination day. And there were men about the hotels with mining outfits and theodolites and dunnage bags, and at Smith’s bar they would hand chunks of rock up and down, some of which would run as high as ten drinks to the pound.

The fever just caught the town and ran through it! Within a fortnight they put a partition down Robertson’s Coal and Wood Office and opened the Mariposa Mining Exchange, and just about every man on the Main Street started buying scrip. Then presently young Fizzlechip, who had been teller in Mullins’s Bank and that everybody had thought a worthless jackass before, came back from the Cobalt country with a fortune, and loafed round in the Mariposa House in English khaki and a horizontal hat, drunk all the time, and everybody holding him up as an example of what it was possible to do if you tried.

They all went in. Jim Eliot mortgaged the inside of the drug store and jammed it into Twin Tamagami. Pete Glover at the hardware store bought Nippewa stock at thirteen cents and sold it to his brother at seventeen and bought it back in less than a week at nineteen. They didn’t care! They took a chance. Judge Pepperleigh put the rest of his wife’s money into Temiskaming Common, and Lawyer Macartney got the fever, too, and put every cent that his sister possessed into Tulip Preferred.

And even when young Fizzlechip shot himself in the back room of the Mariposa House, Mr. Gingham buried him in a casket with silver handles and it was felt that there was a Monte Carlo touch about the whole thing.

They all went in⁠—or all except Mr. Smith. You see, Mr. Smith had come down from there, and he knew all about rocks and mining and canoes and the north country. He knew what it was to eat flour-baked dampers under the lee side of a canoe propped among the underbrush, and to drink the last drop of whiskey within fifty miles. Mr. Smith had mighty little use for the north. But what he did do, was to buy up enough early potatoes to send fifteen carload lots into Cobalt at a profit of five dollars a bag.

Mr. Smith, I say, hung back. But Jeff Thorpe was in the mining boom right from the start. He bought in on the Nippewa mine even before the interim prospectus was out. He took a “block” of 100 shares of Abbitibbi Development at fourteen cents, and he and Johnson, the livery stablekeeper next door, formed a syndicate and got a thousand shares of Metagami Lake at 3ÂŒ cents and then “unloaded” them on one of the sausage men at Netley’s butcher shop at a clear cent per cent advance.

Jeff would open the little drawer below the mirror in the barber shop and show you all kinds and sorts of Cobalt country mining certificates⁠—blue ones, pink ones, green ones, with outlandish and fascinating names on them that ran clear from the Mattawa to the Hudson Bay.

And right from the start he was confident of winning. “There ain’t no

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