Deaves passed it over and Evan read:

"Mr. George Deaves:

Dear Mr. Deaves:

Our enterprise has had its exciting side. We'd be willing to keep it up indefinitely for the pure fun of the thing were it not that it is so expensive. I mean, a large part of our takings is swallowed up in the inevitable charges. This leads us to offer you an alternative plan.

Under the present scheme we will assess you this season about forty thousand dollars, and an equal amount, or more, next year. Now we propose to save you money and ourselves trouble by asking you to endow the Ikunahkatsi once and for all. Four hundred thousand dollars is the sum required. At five per cent this is only twenty thousand a year, so you see you would save a clear half. On our part we would bind ourselves not to ask you to advance us any further sums of money on any pretext whatsoever. You will concede that heretofore we have scrupulously kept all our engagements with you. To put it humorously, it will cost you four hundred thousand dollars to get rid of us for good. Isn't it worth it? Especially now that the old gentleman has lost his efficient guardian.

We will give you until Sunday morning to think it over. If you agree to our proposal hang a flag from the pole that juts from the second story of your house, and we will send you instructions how to proceed. We are sure you will agree, but if you do not, we have further arguments to offer you.

Yours very sincerely,
THE IKUNAHKATSI."

"Same old humourist!" said Evan grimly.

"And only the day before I sent them five thousand!" groaned Deaves.

"Just the same this is a confession of weakness," said Evan. "I see that clearly. The game is getting too difficult for them."