Hurley was staring open mouthed. "Well, av all th' nerve!" he choked out the words.

"But I held onto myself," continued the boy, "and now we've got the goods on Slue Foot—four ways from the jack. You noticed I kept a record of just how much has been shaved off from each man's cut? If I hadn't you would never have tumbled to the deal, no matter how long you studied the books. We are going to return that money to the sawyers who have it coming—but not yet. We want those false vouchers issued first. By the way, how much do you figure we've got on the landings, now?"

"Eight million, seven hundred thousan'—and clost to three hundred thousan' layin' down. Th' thaw's right now in th' air—'an we're t'rough cuttin'. Tomorrow all hands wor-rks gittin' the logs to the rollways. But what's that to ye? An' what d'ye mane settin' there ca'm as a lake on a shtill noight, an' admittin' ye wuz in on a low-down swindle? An-ny wan 'ud think ye wuz accused av shwoipin' a doughnut off the cook!"

"I'll come to that directly," answered the boy. "First, I wish you'd sign this contract. Saginaw or Lon will witness the signature. And we can get it into the mail tomorrow."

"Contrack!" roared Hurley, snatching the paper from the boy's hand. The boss's eyes ran rapidly over the typewritten page, and with a low exclamation he moved the chair to the light. For ten minutes there was tense silence in the little office. Then Hurley looked up. "Fifty dollars a thousan'!" he gasped. "Fer an-nything from eight to tin million! Tin dollars a thousan', fer an-nything less nor eight million! From th' Syndicate!" With a bellow of rage the big boss leaped from his chair and stood over the boy. "Niver Oi've wanted to paste a man so bad!" he foamed. "Oi said ye wuz shmar-rt—an' ye ar-re. But ye ain't shmar-rt enough to put this over on me—ye an' Slue Fut—yer game is bushted!" He shook the paper under the boy's nose. "Somehow, ye figger on soide-thrackin' enough av thim logs to turn in less thin eight million—an the Syndicate gits the cut fer tin dollars a thousan'—an' ye an' Slue Fut divoides up the price av the logs that's missin'."

Connie laughed. "You've hit the idea pretty well, boss—only you've got the wrong boot on the wrong foot."

"What d'ye mane wid yer boots and futs? Oi see yer game, an' Oi know now ut it wuz Slue Fut had a hand in the lasht year's loosin'. Wait 'til Oi git me hands on thot dhirty cur! Wait—" In his wrath the man hurled the paper to the floor, and reached for his mackinaw with one hand, and his peavy with the other.

Lon Camden sat looking on with bulging eyes, and beyond the stove Saginaw Ed shook with silent mirth as he wriggled his toes in his thick woollen socks.

"Hold on, Hurley," said Connie, as he rescued the precious contract from the floor. "Just sit down a minute and let's get this thing straight. As soon as the thaw sets in, John Grey will be up to tend to Slue Foot. I swore out three or four warrants against him, besides what the I. W. W.'s are going to spill."

"John Grey—warrants—I. W. W.'s." The man stood as one bewildered. "An' the kid ca'm as butter, flashin' contracks aroun' th' office, an' ownin' up he's a thayfe—an' Saginaw a-laughin' to hisself." He passed a rough hand across his forehead as the peavy crashed to the floor. "Mebbe, ut's all here," he babbled weakly. "Mebbe thim I. W. W.'s give me wan crack too many—an' me brain's let go."