"This is addressed direct to the old man, which—makes our work doubly easy," he went on. "Also the nature of the message helps us. If it had been to our manager it would have been more difficult to work out my plans."

He raised the paper so that the candlelight fell full upon it.

"This is the transcript. 'Occipud, New York'—that's my father," he added in parenthesis.

"'Have bought in Snake's Fall, working on instructions. Buffalo Point crowd out for a heavy graft. Utterly unscrupulous lot, offering impossible deal. Have turned them down on grounds provided for in your instructions. Snake's Fall everything you require. Would suggest you come up here incognito, if possibly convenient. There are other propositions in coal worth a deep consideration. Coal deposits here the greatest in the country. Must come an enormous boom. Will send word later on this matter. Am sending letter covering operations. I think it will be urgent that you visit this place shortly in interests of boom as well as the coal.—SLOSSON.'"

Gordon looked round at the faces of his companions in silent triumph. And in each case he encountered a keen expectancy. As yet his fellow conspirators were rather in the dark. The significance of that transcript was not yet sufficiently clear.

"What comes next?" inquired Mallinsbee in his calm, direct fashion.

The others simply waited for enlightenment.

Gordon chuckled softly.

"Now we know we can get at Slosson's messages and my father's messages to him, and, having the code book, by a miracle of good luck, in my possession, the rest is easy. First, Peter must get a copy of my father's reply to this. Meanwhile I shall send an urgent message to my father in Slosson's name to come up here at once. The answer to that must never reach Slosson. Get me, Peter? You've got that boy Steve where you need him. You must hold him there and pay his price. I'll promise him he'll come to no harm. When my father finds out things I'll guarantee to pacify him. This way we'll get my father here, I'll promise you. And when he does get here the fun 'll begin—as we have arranged. That clear? Mike's got his work marked out. You yours, Peter. Mr. Mallinsbee and I will do the rest. Peter, you did a great act laying hands on this message. It was worth double the price. The whole game is now in our hands."

Gordon folded up the paper and placed it inside the code book, which he carefully returned to his pocket.