* * * * *

Bull Sternford laid the telegram aside while a shadowy smile hovered about his firm lips. Then he settled himself back in his chair, and gave himself up to the thoughtful contemplation of the brilliant sunlight, and the perfect, steely azure of the sky beyond the window opposite him.

The change in the man was almost magical. The hot-headed, determined, fighting lumber-jack whom Father Adam had rescued from furious homicide had hidden himself under something deeper than the veneer which the modest suit of conventional life provides. It was the subtle change that comes from within which had transformed him. It was in his eyes. In the set of his jaws. It was in the man's whole poise. His resources of spiritual power; his mental force; his virility of personality. All these things were concentrated. They were no longer sprawling, groping, seeking the great purpose of his life as they had been in the lumber camp of the Skandinavia.

A feeling akin to triumph filled the man's heart as he gazed out upon the pleasant light of Labrador's late summer day. In something like twelve months he had thrust leagues along the road he meant to travel. And his progress had been of a whirlwind nature. It had been work, desperate, strenuous work. It had been the double labour of intensive study combined with the necessary progress in the schemes laid down for the future of Sachigo. It had only been possible to a man of his amazing faculties, combined with the fact that Bat Harker and the mournful Skert Lawton had left him free from the clogging detail of the mill organisation and routine.

In twelve months he had crystallised the dreams and projects of his predecessor in the chair he was now occupying. In twelve months he had built up the shell of the great combination of groundwood and paper mills which was to have such far-reaching effect upon the paper trade of the world. And now, ahead of him was spread out the sea of finance upon which he must next embark. He felt that already giant's work had been done. But his yearning could never be satisfied by a mere measure of completion. He must embrace it all, complete it all.

Already he seemed to have lived with bankers and financial specialists, but he felt it was only the beginning of that which he had yet to do. He was unappalled. He was more than confident. He had discovered unguessed faculties for finance in himself. He had surprised himself as well as those others with whom he had come in contact. They had discovered in him all that which Father Adam had been so prompt to realise. They had found in him a young, untrained mind, untrained in their own calling, whose natural aptitude was amazing, and whose courage and confidence were beyond words. But greatest of all was the perception he displayed. They realised he never required the telling of more than half the story. Intuition and inspiration completed it for him without the labour of their words. The result of those twelve months was there for all to see. The lumberman had been translated into a hard, fighting, business man.

The train of the man's thought was broken by the unceremonious entry of Bat Harker. Bull turned. One swift glance into the grizzled face warned him his associate's mood was by no means easy. He, like everyone who came into contact with Bat, had learned to appreciate the volcanic fires burning under the lumberman's exterior.

Bull promptly fended any storm that might possibly be brewing. He held up his telegram and his eyes were smiling.

"The Skandinavia's on the move," he cried. And Bat recognised the battle note in the tone.

"How?"