CHAPTER V.

KING SCRIP.

"Hallo, Stanninghame! And so, here you are?"

"Here I am, Rainsford, as you say; and from what I have heard in process of getting here, I'm afraid I have got here a day too late."

The other laughed, as they shook hands. He was a man of Laurence's own age, straight and active, and his bronzed face wore that alert, eager look which was noticeable upon the faces of most of the fortune-seekers, for of such was the bulk of the inhabitants of Johannesburg at that time.

"You never can tell," he rejoined. "Things are a bit slack now, because of this infernal drought; but a good sousing rain, or a few smart thunder showers, would fill all the dams and set the batteries working again harder than ever. It's the rainy time of year, too."

It was the morning after Laurence's arrival in Johannesburg, and, while sallying forth to find Rainsford, the two had met on Commissioner Street. The brand-new gold-town looked anything but what it was. It did not look new. In spite of the general unfinishedness of the streets and sidewalks, the latter largely conspicuous by their absence; in spite of the predominance of scaffolding poles and half-reared structures of red brick; in spite of the countless tenements of corrugated iron, and the tall chimneys of mining works which came in here where steeples would have arisen in an ordinary town; in spite of all this there was a battered and weather-beaten aspect about the place which made it look centuries old. Great pillars of dust towered skywards, then dispersing, whirled in mighty wreaths over the shining iron roofs, to fall hissing back into the red-powdery streets whence they arose, choking with pungent particles the throats, eyes, and ears of the eager, busy, speculative, acquisitive crowd, who had flocked hither like wasps to a jar of beer and honey. And to many, indeed, it was destined to prove just such a trap.

"Well, what do you advise, Rainsford?" said Laurence, after some more talk about the Rand and its prospects.

"Wait a day or two. You don't want to buy in a falling market. There are several good companies to put into, but things haven't touched bottom yet. When they do and just begin to rise, then buy in. Meanwhile lie low."