CONNIE hoped that during the ride to Camp Two Slue Foot would further enlighten him concerning his various schemes for defrauding his employers, but the man sat silent, eyeing the tall pines that flanked the roadway on either side.

"Pretty good timber, isn't it?" ventured the boy, after a time.

The boss nodded: "They hain't much of them kind left. If I owned this trac' an' could afford to pay taxes I'd never lay down a stick of it fer ten year—mebbe twenty."

"Why not?"

"Why not! 'Cause it'll be worth ten dollars where it's worth a dollar now—that's why. Pine's a-goin' up every year, an' they've cut the best of it everywheres except here an' there a strip that fer one reason an' another they couldn't git holt of."

"The Syndicate's cutting theirs now, and surely they can afford to pay taxes."

Slue Foot grinned: "They wouldn't be cuttin' their white pine along Dogfish if this trac' wasn't bein' cut."

"What's that got to do with it?"

"Mebbe if you kind of stick around, like I told you, you'll see. I'm one of these here hairpins that never tells no one nawthin' about anythin' 'til the time comes—see?"

"You're all right, Slue Foot," laughed the boy. "I guess I'll stick around."