An hour later it was rumored that Fred received the following telegram from Blacktown:

"Have opened books for subscriptions, and already received pledges to the full amount necessary for beginning the work.

Arthur Hunter."

The lounger returned in hot haste with information that the people there were in the highest state of excitement regarding the new company which was being formed by some of the most influential men in the county, and related with many embellishments of his own, the story of how the vein had been discovered by Sam and Fred.

This was sufficient to cause another stream of callers to Mrs. Byram's house, and, learning that the secret had been made known, the four owners had no hesitation in giving all the particulars.

Now the cashier was more unpopular than ever. Even those who refrained from censuring him on the day previous, had nothing but hard words for the man who could make such an error as to charge with theft those who were wealthy in the possession of such a rich vein as the new one was reported to be.

Fully one-third of all those in the company's works took a half holiday to see the new mine, and some of the most sanguine started out to prospect for other evidences of coal.

In six hours land in the immediate vicinity of the mountain increased in price, until it would hardly have paid to buy it, unless gold could be found in large quantities, and the entire county was in a ferment of excitement.

It is needless to say that the four partners were very happy; but even in the midst of the great joy they found time to wonder why Skip had not called to congratulate them.

Nearly every other one of their friends and acquaintances visited the house at some time during the day and evening; but the ex-chief of the regulators was conspicuous by his absence.