After his mother's funeral young Spencer settled down to a life of atonement and toil, till first his father and then even his cousin Stanley were convinced of the change which had taken place in the one-time black sheep of the family.

By that time the patents on the artillery wheel had expired and a competition had set in which was cutting down the profits to zero. Young Josiah began experimenting on a new design which finally resulted in a patent upon a combination ball and roller bearing. This was such an improvement upon everything which had gone before, that gradually Spencer & Son withdrew from the manufacture of wagons and wheels and re-designed their whole factory to make bearings.

This wasn't done in a month or two, nor even in a year or two. Indeed the returned prodigal grew middle aged in the process. He also saw the possibilities of harnessing the water power above the factory to make electric current. This current was sold so cheaply that more and more factories were drawn to New Bethel until the fame of the city's products were known wherever the language of commerce was spoken.

At the height of his son's success, old Josiah died, joining those silent members of the firm who had gone before. I often like to imagine the whole seven of them, ghostly but inquisitive, following the subsequent strange proceedings with noiseless steps and eyes that missed nothing; and in particular keeping watch upon the last living Josiah Spencer—a heavy, powerfully built man with a look of melancholy in his eyes and a way of sighing to himself as though asking a question, and then answering it with a muffled "Yes… Yes…" This may have been partly due to the past and partly due to the future, for the son whom he had brought home with him began to worry him—a handsome young rascal who simply didn't have the truth in him at times, and who was buying presents for girls almost before he was out of short trousers.

His name was Paul—"Paul Vionel Olgavitch Spencer," he sometimes proudly recited it, and whenever we heard of that we thought of his mother.

The older Paul grew, the handsomer he grew. And the handsomer he grew, the wilder he became and the less the truth was in him. At times he would go all right for a while, although he was always too fond of the river for his aunts' peace of mind.

At a bend below the dam he had found a sheltered basin, covered with grass and edged with trees. And there he liked to lie, staring up into the sky and dreaming those dreams of youth and adventure which are the heritage of us all.

Or else he would sit and watch the river, although he couldn't do it long, for its swift movement seemed to fascinate him and excite him, and to arouse in him the desire to follow it—to follow it wherever it went. These were his quieter moods.

Ordinarily there was something gipsy-like, something Neck-or-Nothing about him. A craving for excitement seemed to burn under him like a fire. The full progression of correction marched upon him and failed to make impression: arguments, orders, warnings, threats, threshings and the stoppage of funds: none of these seemed to improve him in the least.

Josiah's two sisters did their best, but they could do nothing, either.