"I didn't know we had any other interests," smiled the boy.

"It's this way," began Waseche Bill, as he applied a match to his pipe and settled back in his chair. "When I was down to the hospital last fall they brought in a fellow fo' an operation an' put him in the room next to mine. The first day he stuck his nose out the do', I seen it was Mike Gillum—we'd prospected togetheh oveh on the Tanana, yeahs back, an' yo' bet yo' boots I was glad to see someone that had been up heah in the big country an' could talk sensible about it without askin' a lot of fool questions about what do the dawgs drink in winteh if everythin's froze up? An' ain't we afraid we'll freeze to death? An' how high is the mountains? An' did you know my mother's cousin that went up to Alaska after gold in '98? While he was gettin' well, we had some great old powwows, an' he told me how he done got sick of prospectin' an' went back to loggin'. He's a fo'man, now, fo' some big lumbeh syndicate in one of theih camps up in no'the'n Minnesota."

"One day we was settin' a smokin' ouh pipes an' he says to me, 'Waseche,' he says, 'you've got the dust to do it with, why don't you take a li'l flyeh in timbeh?' I allowed minin' was mo' in my line, an' he says, 'That's all right, but this heah timbeh business is a big proposition, too. Jest because a man's got one good thing a-goin', ain't no sign he'd ort to pass up anotheh. It's this way,' he says: 'Up to'ds the haid of Dogfish Riveh, they's a four-thousand-acre tract of timbeh that's surrounded on three sides by the Syndicate holdin's. Fo' yeahs the Syndicate's be'n tryin' to get holt of this tract, but the man that owns it would die befo' he'd let 'em put an axe to a stick of it. They done him dirt some way a long time ago an' he's neveh fo'got it. He ain't got the capital to log it, an' he won't sell to the Syndicate. But he needs the money, an' if some private pahty come along that would take it off his hands an' agree to neveh sell it to the Syndicate, he could drive a mighty good ba'gain. I know logs,' Mike says, 'an' I'm tellin' yo' there ain't a betteh strip of timbeh in the State.'

"'Why ain't no one grabbed it befo'?' I asks.

"'Because this heah McClusky that owns it is a mighty suspicious ol' man, an' he's tu'ned down about a hund'ed offehs because he know'd they was backed by the Syndicate.'

"'Maybe he'd tu'n down mine, if I'd make him one,' I says.

"Mike laughed. 'No,' he says, 'spite of the fact that I'm one of the Syndicate's fo'men, ol' man McClusky takes my wo'd fo' anything I tell him. Him an' my ol' dad come oveh f'om Ireland togetheh. I'd go a long ways around to do ol' Mac a good tu'n, an' he knows it. Fact is, it's me that put him wise that most of the offehs he's had come from the Syndicate—my contract with 'em callin' fo' handlin' loggin' crews, an' not helpin' 'em skin folks out of their timbeh. If I'd slip the we'd to Mac to sell to you, he'd sell.'"

Waseche refilled his pipe, and Connie waited eagerly for his big partner to proceed. "Well," continued the man, "he showed me how it was an awful good proposition, so I agreed to take it oveh. I wanted Mike should come in on it, but he wouldn't—Mike's squah as a die, an' he said his contract has got three mo' yeahs to run, an' it binds him not to engage in no private business oah entehprise whateveh while it's in fo'ce.

"Befo'e Mike left the hospital he sent fo' McClusky, an' we closed the deal. That was last fall, an' I told Mike that as long as the timbeh was theah, I might's well staht gettin' it out. He wa'ned me to keep my eye on the Syndicate when I stahted to layin' 'em down, but befo'e he'd got a chance to give me much advice on the matteh, theah come a telegram fo' him to get to wo'k an' line up his crew an' get into the woods. Befo'e he left, though, he said he'd send me down a man that might do fo' a fo'man. Said he couldn't vouch for him no mo'n that he was a tiptop logman, an' capable of handlin' a crew in the woods. So he come, Jake Hurley, his name is, an' he's a big red Irishman. I didn't jest like his looks, an' some of his talk, but I didn't know wheah to get anyone else so I took a chance on him an' hired him to put a crew into the woods an' get out a small lot of timbeh." Waseche Bill crossed the room and, unlocking a chest, tossed a packet of papers onto the table. "It's all in theah," he said grimly. "They got out quite a mess of logs, an' in the spring when they was drivin' 'em down the Dogfish Riveh, to get 'em into the Mississippi, they fouled a Syndicate drive. When things got straightened out, we was fo'teen thousan' dollahs to the bad."

The little clock ticked for a long time while Connie carefully examined the sheaf of papers. After a while he looked up. "Why, if it hadn't been for losing our logs we would have cleaned up a good profit!" he exclaimed.