"Oh," she said blankly, "then you wouldn't actually build a hotel yourself?"

"Hardly," he returned. "I'll be content to make the profit out of promoting it that I'd make in the first four or five years of running the place."

"I see," she said musingly; "and you'd get this up just like you formed your Marsh Pulp Company, I think father called it, and of course you'd try to get—what is it?—oh, yes; control."

He smiled at her.

"I'd scarcely look for that in this deal," he explained. "If I can just get a nice slice of promotion stock and sell it I shall be quite well satisfied."

She bent puzzled brows over this new problem.

"I don't quite understand how you can do it," she confessed, "but of course you know how. You're used to these things. Father says you're very good at promoting."

"That's the way I've made all my money, or rather what little I have," he told her, modestly enough. "I expect this Pulp Company, however, to lift me out of that, for a few years at least; then when I come back into the promoting field I can go after things on a big scale. The Pulp Company ought to make me a lot of money if I can just keep it in my own hands," and involuntarily he sighed.

She looked at him musingly for a moment, and was about to say something, but thought better of it and said something else.

"The tail of your kite will be almost a perfect letter 'S'," she observed. "How beautiful it will be; the big, broad lake out there in the main valley, and then the nice, little, secluded, twisty waterway back in through here; a regular lover's lane of a waterway, as it were. I don't suppose these springs have any names. They must be named, and—why, we haven't even named the lake!"