Of all his trials none had seemed so hard to bear as the giving up of that journey to Norway, and now it might be accomplished, after all. He had written several letters to Rose since reaching New York, and at first they had been filled with hopes of a speedy reunion. Then, as he began to realize the condition of his fortunes, they became less frequent and less hopeful, until for some weeks, not knowing what to write, he had not written at all.
Now filled with a new courage, he wrote a long and cheerful letter, in which he stated a belief that his business troubles were so nearly ended that he would speedily be able to join his friends in Norway. This letter, finished and mailed, the young mine-owner visited his lawyer, to inform him of his discovery and learn its probable value.
Mr. Ketchum smiled grimly as he glanced at the contract on which Peveril was building such high hopes, and then, handing it back, said, pityingly:
"My dear boy, I hate to dash your hopes, but I doubt if this thing is worth anything more than the paper on which it is written. Boise Carson brought it to us years ago, and we looked into it at that time. We discovered that a property located somewhere in Northern Michigan, and supposed to be rich in copper, had been purchased at a stiff price by your father and this Ralph Darrell, who was a banker in one of the New England cities—Boston, I believe. They christened it the 'Copper Princess,' invested nearly a million dollars in a complete mining-plant, and sank a shaft into barren rock. Not one cent did the mine ever yield, and the deeper they went the poorer became their prospects. Finally, Darrell, completely ruined financially, became crazed by his troubles and disappeared; nor has he ever been heard from since. Your father, having put half of his fortune into the venture, brooded over its loss until his death, which, I am convinced, was largely caused by the failure of the Copper Princess."
"What became of the property after that?" asked Peveril, who had listened with a sinking heart to this recital.
"I believe it stands to-day, as it was abandoned years ago, one of the many monuments of ruined hopes in that country of squandered fortunes."
"But there is copper in that region, is there not?"
"Certainly there is, and in fabulous quantity, but apparently not in the immediate vicinity of the Copper Princess."
"Did you visit the place yourself?"
"No. We conducted our inquiries through a mine-owner of Hancock, which was at that time the nearest town of importance to the property."