"This might interest you," said Monty Hayward one evening.

"This" was a very tastefully prepared booklet, on the cover of which was printed: "BRAZILIAN TIMBER BONDS: A Gold Mine for the Small Investor." Simon took it and glanced at it casually; and then he saw something on the first page of the pamphlet which brought him to attention with a delighted start:

Managing Director: SUMNER JOURN Esq., Associate of the Institute of Timber Planters, Fellow of the International Association of Wood Pulp Producers; formerly Chairman of South American Mineralogical Investments, Ltd., etc., etc.

"How did you get hold of this, Monty?" he asked.

"A young fellow in the office gave it to me," said Monty. "Apparently he was trying to make a bit of money on the side by selling these bonds; but lots of people seem to have heard about 'em. I pinched the book, and told him not be an ass because he'd probably find himself in clink with the organisers when it blew up; but I thought you might like to have a look at it."

"I would," said the Saint thoughtfully, and opened another bottle of beer.

He read the booklet through at his leisure, later, and felt tempted to send Monty Hayward a complimentary case of Carlsberg on the strength of it; for the glow of contentment and goodwill towards men which spreads over the rabid entomologist who digs a new kind of beetle out of a log is as the frosts of Siberia to the glow which warms the heart of the professional buccaneer who uncovers a new swindle.

For the stock-in-trade of Mr. Sumner Journ was Trees.

It may be true, as the poet bleats, that Only God Can Make A Tree; but it is also true that only a man capable of growing such a moustache as lurked coyly beneath the sheltering schnozzola of Mr. Sumner Journ could have invented such an enticing method of making God's creation pay gigantic dividends.

The exposition started off with a picture of some small particles of matter collected in a teacup; and it was explained that these were the seeds of pinus palustris, or the long-leaved pine. "Obviously," said the writer, "even a child must know that these can only be worth a matter of pennies." There followed an artistic photograph of some full-grown pines rearing towards the sky. "Just as obviously," said the writer, "everyone must see that these trees must have some value worth mentioning; probably a value that would run into pounds." The actual value, it was explained, did indeed run into pounds; in fact, the value of the trees illustrated would be £3 or more. Furthermore, declared the writer, whereas in Florida these trees took 45 years to reach maturity, in the exceptional climate of the Brazilian mountains they attained their full growth in about 10 years. The one great drain on timber profits hitherto had been the cost of transport; but this the Brazilian Timber Company had triumphantly eliminated by purchasing their ground along the banks of the Parana River (inset photograph of large river) which by the force of its current would convey all logs thrown into it to the coast at no cost at all.