Lumsden kept his visitor by him—wired to Ranelagh—telephoned to various quarters. That night in a private room at the Carlton the company was (unofficially) formed. Within a week from their issue "Gulches" were the sensation of the market. They started well at parity, dropped to fifteen shillings and twelve and a half on an attack of nerves and a truculent attitude on the part of the railroad; recovered, rose to thirty, soared to forty, to four, to six pounds. Fresh shares were issued; the public, almost kept out of the first issue, responded greedily, and the opportunity was seized to unload more of the old debentures than certain cool heads approved. It might be another Camp Bird; it might be the most colossal swindle since Kaffir days; in either case, its proportions inspired respect. There was a shuffle on the financial checker-board. West Hampstead moved to Mayfair, Porchester Gate to Park Lane, and was, so to speak, crowned there, with power to move either way for the future, in a bull or bear direction, capturing meaner uncrowned pieces en route. Stanwood went back to Sleepy Cat Mountain with the light of victory in his eye.

Before the snow had melted round the feet of the burros which were bringing down his six-dollar quartz to the smelter he was a ruined man. It was everybody's fault and nobody's fault. The necessary delays had not been discounted; holders were pressed in other directions; finally a discovery that Lumsden, to fill an order for a thousand shares, was buying outside and privately at three-fifteen, stampeded the market. The collapse was complete enough to become a joke. Clerks asked one another: "Will you take it in half-crowns or in Gulch debentures?"

In the summer Lumsden went out to the States. He found Stanwood, a baffled but not a beaten man, and his son, a strong silent lad with steady eyes, "batching" in a log shanty with an earthen roof. Tin kettles and saucepans were hung on pegs all around the outside walls. Behind the hut, among whortle bushes, an ice-cold spring bubbled out of the ground, and all manner of wild mountain flowers—rabbit-ears, puccoons, and thimble-berries—grew to the threshold. They were seven thousand feet above sea-level; all around was space and silence—an air like sparkling wine: his feet, as he ascended the track, crushed sweet harsh odors out of the barren earth.

In long but not aimless rambles over the boulder-strewn slopes; in elk hunts up in the timber reserve; in naked male talk by the cedar fire under the star-bewildered dome of night, the two men grew to learn, to esteem, and to trust one another. There was cheering news, even before Lumsden returned East, for the worn woman who was keeping an Omaha boarding-house for brawling Swedish clerks. He travelled slowly, by way of Denver, New York, Washington, and Paris, seeing a good many people in business hours, and, it must be admitted, amusing himself pretty strenuously out of them. He was back in London by October, and the rest is financial history. People said: "Oh! but what about the original shareholders?" Yet it was amazing how few ever came forward. Lumsden and Lumsden's friends seemed to have gobbled them all up.

There is only one thing more which, in this place, it becomes necessary to record of Bryan Lumsden. Once a month or so, sometimes oftener, sometimes less, at the busiest hour of the afternoon, a big closed motor-car made its way, with many grunts and turns, to the big corner building in Throgmorton Avenue. Sir Bryan would issue from the swing doors, throwing instructions over his shoulder as he passed through the office, sometimes would even dictate a letter to the clerk at his elbow, with one foot on the step of the coupé. After a single word to the chauffeur, which the man acknowledged by touching his peaked cap, he would fling himself back against the cushions of the limousine and busy himself with a pile of papers which he had brought under his arm. Occasionally, at some stoppage or temporary eclipse of light, he would look up from them. It was noticeable then that his face had lost its pleasant quality, was even hard and cruel.

The car rolled on, slowly and softly, through the congested city streets, noisily insistent amid heavy van traffic in Clerkenwell, quickened its speed as it turned into Bloomsbury's drab squares. Presently Regents Park flashed green or ghostly gray outside the windows; long brown garden walls and shabby stucco of St. John's Wood reeled past; the car breasted the hill to Frognal, along a steep avenue of widely spaced, fantastic red-brick houses, set amid shrubs and old timber, and with an occasional glimpse, in lichened roof or clustered chimneys, of an older suburb.

It stopped outside a low wide house which overlooked the heath and was separated from the road by a clipped hedge. Generally, warned by the tumult of the car's approach, the door would fly open before he could reach it from the garden gate; if not, he pulled the wrought iron bell-handle. If the summons remained unanswered beyond a few seconds, he felt impatiently in his pocket for a key and admitted himself. Inside, he looked round the low, wide hall, with the hard air of proprietorship which a man keeps for the place that is his house but not his home. He summoned the laggard servants, spoke sharply to them (in French), pushed open the door of the drawing-room, and waited, biting his moustache restlessly, and looking out of the window over the wide heath. A novel, face downward, or a wisp of embroidery generally decorated the cushions of the window seat.

Presently the door would open behind his back, and a soft rustle of silk and chink of jewelled ornaments cease of a sudden as a woman stood at gaze, watching the broad back or clear profile, silhouetted against the diamond panes of the bow window. With the same undisguised air of ownership, unutterably hideous now when a human creature endured it, Lumsden turned and looked—looked at a slave whom his money had bought and of whom he had tired.

Either one of two things might happen then: She might be peevish, perverse, and bitter, answering his perfunctory questions as shortly, with many shrugs of her shoulders and deprecatory motions of her bare arms; striving with all the advantage her native tongue, the language of cruel inflection and bitter meanings, could give her, to plant her own chagrins, like poisoned arrows, in his breast. Or else, abandoning herself upon his shoulder in an attitude for which everything about her—her dress, the very fashion of her hair—seemed calculated, she would force him to a seat, fling her arms around his neck, recall old tendernesses, never forgetting to mingle her kisses with complaints of her servants—so insolent; her tradesmen—so pressing; the view over the heath—so triste in winter. Her eyes would be dilated, their pupils at a point. Looking down, Lumsden could see little black dots all over the large white arms. He bore kisses and reproaches with exactly the same stoicism, still waiting, still keeping his eyes upon the door.

Suddenly their expression changed. There would be a shrill chatter of women in the hall—every one in this house seemed to speak and scold in French—cries of "Prenez garde! M. Cyrille!" "Une marche de plus!" "Voilà!"—a child's voice asking for "papa! papa!" Led by a French bonne, though he appeared full five years old, and struggling in her grasp, a little boy would enter the room with eager precipitancy. He walked sturdily but somehow clumsily too, holding his free arm out before him and tossing the fair curls from his forehead with a curious baffled gesture. Reaching Lumsden's knee or outstretched hand, he would give a shrill, glad cry, break once for all from the woman who had guided him, and next moment be clasped and gathered into his father's long powerful arms.