The others were thinking, and thinking hard. Perner was first to venture an objection:

"But that was a religious paper, Barry, with a Bible for a premium. We could hardly expect—"

"That's just where you're wrong," anticipated Barrifield. "Ours will be religious in tone, too, and a home paper besides. It will go to every household that Frisby's would reach, and to thousands besides who are not of any particular denomination. We also will offer Bibles, but we will offer other things too. We will offer watches and cameras, and premiums for boys and girls—dolls, fishing-tackle, and guns—"

"I should think," interrupted Van Dorn, dryly, "that with a gun and a Bible we might gather in the most of them."

"Now you're talking sense!" said Barrifield, excitedly. "We'll get all of them. We'll capture the whole country. Frisby had a quarter of a million circulation in six months. We'll have half a million circulation in three months. Mark my words—half a million in three months!"

"But the price, Barry! A dollar a year and a premium." Perner was still unsatisfied. "How are we going to do it?"

Barrifield regarded him in a superior way.

"The paper itself," he said, "will cost us less than fifty cents a year, even figuring on a basis of only a quarter of a million circulation. Most of the premiums can now be bought for less than the other fifty. Those that can't we'll give just the same, only we'll add on the difference in the form of postage and packing. Nobody ever thinks of objecting to a slight additional charge for postage and packing."

He drew forth a paper on which there were figures. A round of chartreuse was being served, and in its yellow radiance all difficulties dissolved and all things became possible. He laid the sheet down where every one could see it more or less distinctly.

"The white paper," he continued, "will cost less than four cents a pound—less than one half-cent for each copy. The paper is always the big expense. Every publisher will tell you that. The paper for quarter of a million copies will cost twelve hundred and fifty dollars, the presswork about five hundred dollars. Everything else will cost less than another five hundred, so that a hundred and twenty-five thousand dollars a year will more than cover the cost of getting out the paper; but say it costs that,—we want to figure full, you know,—and then another hundred and twenty-five for premiums, or quarter of a million in all, which will be covered by actual subscription money, to say nothing of advertising returns, which ought to at least, counting three pages a week, be not less than one hundred and fifty thousand the first year, and that will be clear profit to be divided. I've figured it down to that to be on the safe side. With half a million circulation, of course, it would be twice as much and no extra cost except for presswork and white paper. I tell you, boys, it's the greatest scheme ever conceived."