"Tush, we want no such law," proclaimed the hard-featured merchant. "Let us not quibble. His Excellency might as well know the truth. Since Master Murray won his case we have been able to sell and buy as we chose. And our coffers have swollen thereby.

"The law was an ill-judged law. It restricted trade, reduced profits. Let the French secure furs if they wish. They may do the dirty work. We will sit back and reap the profits."

"Gentlemen, you still avoid my point," insisted the governor. "The profits you have made recently are unnatural profits, and were you in your right minds you would be the first to appreciate that they can not continue. I should be content to leave your education to the normal processes of time, but for the fact that the French are turning your assistance to account, and we are like to pay heavily to them for it in the long run."

"How?" inquired a skeptical voice.

"By permitting the French to confirm their prestige with the savages, by undermining the confidence in us of those Indian allies we have won hitherto. Your lot will be improved only so long as it pleases the French. If matters continue as they are, the French will force a war at the moment they deem most promising, and likely enough conquer us by reason of the very profits which you say have swollen your coffers."

"Better so, mayhap," shouted the hard-featured merchant. "Better have free trade under France than limited trade under England or any other country."

"You talk treason, sir," said the governor coldly. "Moreover, you talk foolishly. There is no freedom of trade in Canada——"

"Well, we have it here; and by ——, we'll keep it as long as we can," replied the merchant.

"That is not like to be very long, my masters," announced a new voice.

All eyes were turned to the door. There stood Andrew Murray, a fashionably cut blue plush coat draping his fine shoulders, half-revealing the canary-yellow vest beneath; a beautiful periwig framing his handsome, masterful face; a laced and cocked hat tucked under his arm.