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be the metal!"

The speaker was an English financier, First Lord of the Treasury, Hon. James Hampton-Jones, K.C.B. Immediately everybody echoed his remark, and the strain being thus relieved, the spell dropped from them and several laughed loudly over their momentary aberration.

President Boon recollected himself, and, coloring slightly, placed the card flat on the table, in order more clearly to see the name. In plain red letters it stood forth with such surprising distinctness that Mr. Boon wondered why he had so long overlooked it.

"DR. MAX SYX."

"Tell the gentleman to come in," said the president, and thereupon the attendant threw open the door.

The owner of the mysterious card fixed every eye as he entered. He was several inches more than six feet in height. His complexion was very dark, his eyes were intensely black, bright, and deep-set, his eyebrows were bushy and up-curled at the ends, his sable hair was close-trimmed, and his ears were narrow, pointed at the top, and prominent. He wore black mustaches, covering only half the width of his lip and drawn into projecting needles on each side, while a spiked black beard adorned the middle of his chin.

He smiled as he stepped confidently forward, with a courtly bow, but it was a very disconcerting smile, because it more than half resembled a sneer. This uncommon person did not wait to be addressed.

"I have come to solve your problem," he said, facing President Boon, who had swung round on his pivoted chair.

"The metal!" exclaimed everybody in a breath, and with a unanimity and excitement which would have astonished them if they had been spectators instead of actors of the scene. The tall stranger bowed and smiled again:

"Just so," he said. "What do you think of it?"

"It is beautiful!"

Again the reply came from every mouth simultaneously, and again if the speakers could have been listeners they would have wondered not only at their earnestness, but at their words, for why should they instantly and unanimously pronounce that beautiful which they had not even seen? But every man knew he had seen it, for instinctively their minds reverted to the card and recognized in it the metal referred to. The mesmeric spell seemed once more to fall upon the assemblage, for the financiers noticed nothing remarkable in the next act of the stranger, which was to take a chair, uninvited, at the table, and the moment he sat down he became the presiding officer as naturally as if he had just been elected to that post. They all waited for him to speak, and when he opened his mouth they listened with breathless attention.

His words were of the best English, but there was some peculiarity, which they had already noticed, either in his voice or his manner of enunciation, which struck all of the listeners as denoting a foreigner. But none of them could satisfactorily place him. Neither the Americans, the Englishmen, the Germans, the Frenchmen, the Russians, the Austrians, the Italians, the Spaniards, the Turks, the Japanese, or the Chinese at the board could decide to what race or nationality the stranger belonged.

"This metal," he began, taking the card from Mr. Boon's hand, "I have discovered and named. I call it 'artemisium.' I can produce it, in the pure form, abundantly enough to replace gold, giving it the same relative value that gold possessed when it was the universal standard."

As Dr. Syx spoke he snapped the card with his thumb-nail and it fluttered with quivering hues like a humming-bird hovering over a flower. He seemed to await a reply, and President Boon asked:

"What guarantee can you give that the supply would be adequate and continuous?"

"I will conduct a committee of this congress to my mine in the Rocky Mountains, where, in anticipation of the event, I have accumulated enough refined artemisium to provide every civilized land with an amount of coin equivalent to that which it formerly held in gold. I can there satisfy you of my ability to maintain the production."

"But how do we know that this metal of yours will answer the purpose?"

"Try it," was the laconic reply.

"There is another difficulty," pursued the president. "People will not accept a new metal in place of gold unless they are convinced that it possesses equal intrinsic value. They must first become familiar with it, and it must be abundant enough and desirable enough to be used sparingly in the arts, just as gold was."

"I have provided for all that," said the stranger, with one of his disconcerting smiles. "I assure you that there will be no trouble with the people. They will be only too eager to get and to use the metal. Let me show you."

He stepped to the door and immediately returned with two black attendants bearing a large tray filled with articles shaped from the same metal as that of which the card was composed. The financiers all jumped to their feet with exclamations of surprise and admiration, and gathered around the tray, whose dazzling contents lighted up the corner of the room where it had been placed as if the moon were shining there.

There were elegantly formed vases, adorned with artistic figures, embossed and incised, and glowing with delicate colors which shimmered in tiny waves with the slightest motion of the tray. Cups, pins, finger-rings, earrings, watch-chains, combs, studs, lockets, medals, tableware, models of coins - in brief, almost every article in the fabrication of which precious metals have been employed was to be seen there in profusion, and all composed of the strange new metal which everybody on the spot declared was far more splendid than gold.

"Do you think it will answer?" asked Dr. Syx.

"We do," was the unanimous reply.

All then resumed their seats at the table, the tray with its magnificent array having been placed in the centre of the board. This display had a remarkable influence. Confidence awoke in the breasts of the financiers. The dark clouds that had oppressed them rolled off, and the prospect grew decidedly brighter.

"What terms do you demand?" at length asked Mr. Boon, cheerfully rubbing his hands.

"I must have military protection for my mine and reducing works," replied Dr. Syx. "Then I shall ask the return of one per cent, on the circulating medium, together with the privilege of disposing of a certain amount of the metal - to be limited by agreement - to the public for use in the arts. Of the proceeds of this sale I will pay ten per cent. to the government in consideration of its protection."

"But," exclaimed President Boon, "that will make you the richest man who ever lived!"

"Undoubtedly," was the reply.

"Why," added Mr. Boon, opening his eyes wider as the facts continued to dawn upon him, "you will become the financial dictator of the whole earth!"

"Undoubtedly," again responded Dr. Syx, unmoved. "That is what I purpose to become. My discovery entitles me to no less. But, remember, I place myself under government inspection and restriction. I should not be allowed to flood the market, even if I were disposed to do so. But my own interest would restrain me. It is to my advantage that artemisium, once adopted, shall remain stable in value."

A shadow of doubt suddenly crossed the president's face.

"Suppose your secret is discovered," he said. "Surely your mine will not remain the only one. If you, in so short a time, have been able to accumulate an immense quantity of the new metal, it must be extremely abundant. Others will discover it, and then where shall we be?"

While Mr. Boon uttered these words, those who were watching Dr. Syx (as the president was not) resembled persons whose startled eyes are fixed upon a wild beast preparing to spring. As Mr. Boon ceased speaking he turned towards the visitor, and instantly his lips fell apart and his face paled.

Dr. Syx had drawn himself up to his full stature, and his features were distorted with that peculiar mocking smile which had now returned with a concentrated expression of mingled self-confidence and disdain.

"Will you have relief, or not?" he asked in a dry, hard voice. "What can you do? I alone possess the secret which can restore industry and commerce. If you reject my offer, do you think a second one will come?"

President Boon found voice to reply, stammeringly:

"I did not mean to suggest a rejection of the offer. I only wished to inquire if you thought it probable that there would be no repetition of what occurred after gold was found at the south pole?"

"The earth may be full of my metal," returned Dr. Syx, almost fiercely, "but so long as I alone possess the knowledge how to extract it, is it of any more worth than common dirt? But come," he added, after a pause and softening his manner, "I have other schemes. Will you, as representatives of the leading nations, undertake the introduction of artemisium as a substitute for gold, or will you not?"

"Can we not have time for deliberation?" asked President Boon.

"Yes, one hour. Within that time I shall return to learn your decision," replied Dr. Syx, rising and preparing to depart. "I leave these things," pointing to the tray, "in your keeping, and," significantly, "I trust your decision will be a wise one."

His curious smile again curved his lips and shot the ends of his mustache upward, and the influence of that smile remained in the room when he had closed the door behind him. The financiers gazed at one another for several minutes in silence, then they turned towards the coruscating metal that filled the tray.


III

THE GRAND TETON MINE

Away on the western border of Wyoming, in the all but inaccessible heart of the Rocky Mountains, three mighty brothers, "The Big Tetons," look perpendicularly into the blue eye of Jenny's Lake, lying at the bottom of the profound depression among the mountains called Jackson's Hole. Bracing against one another for support, these remarkable peaks lift their granite spires from 12,000 to nearly 14,000 feet into the blue dome that arches the crest of the continent. Their sides, and especially those of their chief, the Grand Teton, are streaked with glaciers, which shine like silver trappings when the morning sun comes up above the wilderness of mountains stretching away eastward from the hole.

When the first white men penetrated this wonderful region, and one of them bestowed his wife's name upon Jenny's Lake, they were intimidated by the Grand Teton. It made their flesh creep, accustomed though they were to rough scrambling among mountain gorges and on the brows of immense precipices, when they glanced up the face of the peak, where the cliffs fall, one below another, in a series of breathless descents, and imagined themselves clinging for dear life to those skyey battlements.

But when, in 1872, Messrs. Stevenson and Langford finally reached the top of the Grand Teton - the only successful members of a party of nine practised climbers who had started together from the bottom - they found there a little rectangular enclosure, made by piling up rocks, six or seven feet across and three feet in height, bearing evidences of great age, and indicating that the red Indians had, for some unknown purpose, resorted to the summit of this tremendous peak long before the white men invaded their mountains. Yet neither the Indians nor the whites ever really conquered the Teton, for above the highest point that they attained rises a granite buttress, whose
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