Mr. Langham smiled as he placed the cards one above the other in even rows. "Very often," he said. "He sails to-morrow to open up the largest iron deposits in South America. He goes for the Valencia Mining Company. Valencia is the capital of Olancho, one of those little republics down there."

"Do you—are you interested in that company?" asked Miss Langham, seating herself before the fire and holding out her hands toward it. "Does Mr. Clay know that you are?"

"Yes—I am interested in it," Mr. Langham replied, studying the cards before him, "but I don't think Clay knows it—nobody knows it yet, except the president and the other officers." He lifted a card and put it down again in some indecision. "It's generally supposed to be operated by a company, but all the stock is owned by one man. As a matter of fact, my dear children," exclaimed Mr. Langham, as he placed a deuce of clubs upon a deuce of spades with a smile of content, "the Valencia Mining Company is your beloved father."

"Oh," said Miss Langham, as she looked steadily into the fire.

Hope tapped her lips gently with the back of her hand to hide the fact that she was sleepy, and nudged her father's elbow. "You shouldn't have put the deuce there," she said, "you should have used it to build with on the ace."

II

A year before Mrs. Porter's dinner a tramp steamer on her way to the capital of Brazil had steered so close to the shores of Olancho that her solitary passenger could look into the caverns the waves had tunnelled in the limestone cliffs along the coast. The solitary passenger was Robert Clay, and he made a guess that the white palisades which fringed the base of the mountains along the shore had been forced up above the level of the sea many years before by some volcanic action. Olancho, as many people know, is situated on the northeastern coast of South America, and its shores are washed by the main equatorial current. From the deck of a passing vessel you can obtain but little idea of Olancho or of the abundance and tropical beauty which lies hidden away behind the rampart of mountains on her shore. You can see only their desolate dark-green front, and the white caves at their base, into which the waves rush with an echoing roar, and in and out of which fly continually thousands of frightened bats.

The mining engineer on the rail of the tramp steamer observed this peculiar formation of the coast with listless interest, until he noted, when the vessel stood some thirty miles north of the harbor of Valencia, that the limestone formation had disappeared, and that the waves now beat against the base of the mountains themselves. There were five of these mountains which jutted out into the ocean, and they suggested roughly the five knuckles of a giant hand clenched and lying flat upon the surface of the water. They extended for seven miles, and then the caverns in the palisades began again and continued on down the coast to the great cliffs that guard the harbor of Olancho's capital.

"The waves tunnelled their way easily enough until they ran up against those five mountains," mused the engineer, "and then they had to fall back." He walked to the captain's cabin and asked to look at a map of the coast line. "I believe I won't go to Rio," he said later in the day; "I think I will drop off here at Valencia."