His creditors could have done nothing until they learned what had become of him. That was something gained; and there was a probability of his being able to pay them off. The shares he owned were going up; there would be developments when the new shaft tapped the main body of the ore. The tip he had got from a safe quarter when he made the purchase was to be trusted after all. Mining companies were not run solely for the benefit of outside investors, and the directors were no doubt waiting for an opportune moment for taking the public into their confidence about their long-delayed success. The last newspaper Gerald had read, however, indicated that some information had leaked out, and he hoped that an announcement which would send up the price had been made while he was in the wilds.

The lashing snow gained in fury. When Gerald looked up, the dogs were half hidden in the cloud of swirling, tossing flakes. Beyond them lay a narrow strip of livid white, dead level, unbroken by bush or tuft of grass. There was, however, no boundary to this contracted space, for it extended before them as they went on, as it had done without a change since the march began at dawn. Gerald felt that he was making no progress and was with pain and difficulty merely holding his ground. The half-breed struggled forward beside the dogs, white from head to foot, but Gerald could not see the packers, and felt incapable of looking for them. Snow filled his eyes and lashed his numbed cheeks, his lips were bleeding, and his hands and his feet felt wooden with the icy cold. Lowering his head against the blast, he stumbled on, pushing the back of the sledge and seeking refuge from bodily suffering in confused thought.

After all, he had no hope of getting free from debt. The most he could expect was to pay off the men who pressed him hardest; but that would be enough for a time. Gerald could not face a crisis boldly; he preferred to put off the evil day, trusting vaguely in his luck. Looking back, he saw that he might have escaped had he practised some self-denial and told the truth to his father and his friends. Instead, he had made light of his embarrassments and borrowed from one man to pay another; to make things worse, he had gambled and speculated with part of the borrowed sums in the hope that success would enable him to meet his obligations. Money had to be found, but Gerald would not realize that for the man who does not possess it, the only safe plan is to work. Sometimes he won, but more often he lost; and the Winnipeg mortgage broker watched his futile struggles, knowing that they would only lead him into worse difficulties.

Then Gerald began to wonder whether the half-breed, who had nothing to guide him, could find the settlement. It seemed impossible that he could steer a straight course across the trackless waste when he could see scarcely fifty yards ahead. They might have wandered far off their line, though, so far as one could judge, the savage wind had blown steadily in front. It was a question of vital importance; but Gerald was growing indifferent. His brain got numb, and his body was losing even the sense of pain. The only thing he realized plainly was that he could not keep on his feet much longer.

At last, when it was getting dark, there was a cry from the half-breed, and one of the packers stumbled past. He shouted exultantly, the dogs swerved off their course, and Gerald felt the sledge move faster. The snow got firm beneath his feet and he knew they had struck a trail. It must lead to the settlement, which could not be far ahead. Half an hour later, a faint yellow glow appeared, the worn-out dogs broke into a run, dim squares of houses loomed out of the snow, and lights blinked here and there. They were obviously moving up a street, and when they stopped where a blaze of light fell upon them Gerald leaned drunkenly upon the sledge. The journey was over, but he was scarcely capable of the effort that would take him out of the deadly cold.

He saw the half-breed unharnessing the dogs, and, pulling himself together, he struggled up a few steps, crossed a veranda with wooden pillars, and stumbled into a glaring room. It was filled with tobacco smoke and the smell of hot iron, and its rank atmosphere was almost unbreathable. Gerald began to choke, and his head swam as he made his way to the nearest chair. The place, as he vaguely realized, was a hotel, and the packers had already entered because he heard their voices though he could not see them. There was a stove in the middle of the room, and a group of men stood about it asking questions. Some one spoke to him, but he did not understand what the fellow said. Reeling across the room, he grasped the chair and fell into it heavily.

Exhausted as he was, it was some time before he recovered from the shock caused by the change of temperature. Some one helped him to throw off his furs, which were getting wet, and to free him of his big snowshoes. His sensations were acutely painful, but his head was getting clear, and, after a while, he followed a man into a colder room where food was set before him. He ate greedily; and feeling better afterward he went back to the other room and asked for a newspaper.

He turned to the financial reports; but he could not see the print well, for he was still somewhat dizzy and the light was trying. The figures danced before him in a blur, and when he found his shares mentioned it cost him some trouble to make out the price. Then he let the paper drop, and sat still for some minutes with a sense of confused indignation. The shares had gone up, but only a few points. The rogues in the ring were keeping information back until weak holders were forced to sell. It was a swindle on the public and, what was more, it meant ruin to him. The shares would be taken from him before they rose, because he could not hope to hide his return from his creditors.

The safe arrival of his party would soon be reported in the newspapers; and to disappear again would result in his being regarded as a defaulter and a statement of his debts being sent to the Grange. He had borne all the hardship and danger for nothing! He was no nearer escaping from his troubles than he had been when he broke his compass in the wilds.

There was, however, one hope left. He must see Davies in Winnipeg. The fellow was clever, and might think of something, particularly as it was to his interest to keep Gerald on his feet. He thought he could count on Davies' support until the loan on mortgage fell due. His thoughts carried him no farther. He was dazed by fatigue and the shock of disappointment.