"I shall be delighted, my dear." He smiled upon her in his most fatherly fashion, but she was far from feeling the assurance he meant to convey.

The eighteen-hour train from Chicago bore Murray O'Neil into New York on time, and he hastened directly to the Holland House, where the clerk greeted him as if he had run in from Yonkers instead of from the wilderness of the far northwest. His arrival was always the forerunner of great prosperity for the bell-boys, and there was the customary struggle for his baggage.

An hour later, having bathed and changed his linen, he was whizzing toward lower Broadway, with the roar of the Subway in his ears. New York looked very good to O'Neil, for this time he came not as a suppliant, but as a conqueror, and a deep contentment rested in his heart. More than once during the last two years he had made this flying trip across an ocean and a continent, but heretofore he had been burdened with worries and responsibilities. Always he had needed to gather his wits for some supreme effort; always there had been the urgent necessity of raising money. As the S. R. & N. had grown his obligations had increased; and, while he had never returned empty-handed, no one but he knew at what cost of time and strength he had succeeded in financing his venture. Invariably he had left New York mentally and physically exhausted, and his days in the open had barely served to replenish his store of nervous energy for the next campaign.

As he looked back upon it all he was amazed at his daring in attempting to finance a railroad out of his own pocket. But he had won, and the Trust had met with a sharp reverse in attempting to beat him at his own game. He held the winning card, and he looked out upon the world through eyes which were strained and weary, but complacent.

Mr. Herman Heidlemann was expecting him.

"You have the most confident way of arranging appointments from the other side of the world," he began, as O'Neil entered his office. "Steamships and railroads appear to be your obedient servants."

"Not always. I find railroads very troublesome at times."

"Well, you're on time to the minute," said Heidlemann. "Now tell me about Kyak. Trevor cables that you were there during the storm which ruined us." The head of the copper syndicate did not look like a man facing ruin; in fact, he seemed more curious to hear of the physical phenomena of that hurricane than of its effect upon his fortunes.

"Kyak was a great mistake," he admitted, when O'Neil had given him the particulars he asked for. "We're all agreed on that point. Some of our associates feel that the whole Alaskan enterprise has been a mistake—mines and all."

"Your mines are as good as they ever were, but Kyak is a long way from Wall Street, and you relied too much upon other people's judgment."