"Quite right," said Sir William, looking at her fondly, but believing with entire conviction in the truth of what he was lightly saying.

At this moment the door opened and a footman came in.

"Young Mr. Anderson is downstairs, Sir William."

"Young Mr. Anderson?" said Sir William, looking at him with some surprise.

"Yes, Sir William—Mr. Fred," the man replied, evidently somewhat doubtful as to whether he was right in using the honorific.

"Fred Anderson back again!" said Sir William to his wife. "All right, James, I'll come directly." "I wonder if his rushing back to England so soon," he said, as the door closed upon the servant, "means that that boy has come to grief."

"Let us hope that it means the reverse," said his wife, "and that he has come back to ask you to be chairman of his company—as you promised, do you remember, when he went away?"

"So I did, yes, to be sure," said Sir William, laughing at the recollection. "Upon my word, that lad won't fail for want of assurance. We shall see what he has got to say." And he went out.

The Andersons had been small farmers on the Gore estate for some generations. Fred Anderson, the second son of the present farmer, a youth of energy and enterprise, had determined to seek his fortune further afield. Mainly by the kind offices of the Gores, he had been started in life as a mining engineer, and had, eighteen months before his present reappearance, been sent with some others to examine and report on a large mine lately discovered on British territory near the Equator. The result of their investigations proved that it was actually and most unexpectedly a gold mine, promising untold treasure, but at the same time, from its geographical situation, almost valueless, since it was so far from any lines of communication as to make the working of it practically impossible. The young, however, are sanguine; undaunted by difficulties, Fred Anderson, in spite of the discouragement and dropping off of his companions, remained full of faith in the future of the mine, and of something turning up which would make it possible to work it; in fact, he had actually gone so far as to obtain for himself a grant of the mining rights from the British Government. It was for this purpose that, giving a brief outline of the situation, he had written to Sir William some time before to ask him for the sum necessary to obtain the concession. Sir William had advanced it to him. It was when, two years before, the boy of nineteen was leaving home for the first time that he had half jestingly asked Sir William whether, if he and his companions found a gold mine and started a company to work it, he would be their chairman, and Sir William, to whom it had seemed about as likely that Fred Anderson would become Prime Minister as succeed in such an undertaking, had given him his hand on the bargain.