"That might be; but I, as a private individual, could get one easily if I had sufficient money to pay him, for I could choose the best for my purpose, and could give him what I chose, as far as his merits deserved."

Felix laughed at Ivan's description. "That is it exactly, as if you read it out of a book; and just on this account I intend to give the complete direction of the business to a man who understands it to a T, and this man is you."

"That is a complete mistake. I do understand the working of my own small business, but I am quite ignorant of the ways of a great concern. Like many another small man, I should be a child in the hands of big speculators, and I should probably wreck the whole concern."

"You are too modest. On the contrary, I think you would outwit the big speculators."

"Well, suppose all went according to your wishes, or, rather, as it presents itself to your imagination. The great business is in full swing, delivers goods at moderate prices, and in sufficient quantity. Now comes the real objection—the topographical impediment. The Bonda coal-mine is twenty miles from the nearest railway, and twenty-five miles from the nearest river. On your way here you must have noticed the state of the roads. During four months of the year we can send no freight to a distance, and at any time the cost of transporting our coal and iron adds so much to the price that it is impossible for us to compete with either Prussia or England."

"I know all that," said Felix, stroking his beard with the coral head of his stick; "but a light railway would soon settle all this. We could run it from Bonda Valley to the principal emporium." He spoke as if running light railways were a mere trifle.

"A railway through the Bonda Valley!" returned Ivan, in a tone of surprise. "And do you really believe that with a capital of four millions you could construct a railway twenty miles long?"

"Certainly not. That would be quite a separate affair."

"And do you think you would find people ready to advance money for such an uncertain return as mere luggage traffic would insure to the shareholders in such a railway?"

Felix moved his stick from his beard to his mouth, and began to suck the top.