“Where, child?”

“I don't know—-East, perhaps.”

Mrs. Davies looked quietly up from her knitting. “'How long have you been thinking of this?” she asked.

“Not very long—just to-day.”

They looked at each other for a moment in that same quiet way—Margaret still smiling, but with a suspicious shine in her eyes. Then suddenly she came over, slipped to the floor, and buried her face on her arms in her mother's lap.

After a long silence Mrs. Davies asked:

“When would you like to go, dear?” There was no reply. “Very soon?” Margaret raised her head a little way and was apparently about to speak, then lowered it again. “Would you like to go this week?” Still there was silence. But Mrs. Davies seemed to understand. “We might get away by Thursday or Friday, dearie, if you can get ready. Can you?”

And Margaret murmured, without looking up: “Oh, yes, yes! I can be ready to-morrow.”

As time went by the wisdom of Halloran's method of buying lumber became apparent. If the orders had not gone in almost simultaneously to the offices of the different companies the directors would probably have put their heads together and declined meeting such an unusually heavy demand. As it fell out, however, when the heads did finally go together, it was discovered that the mischief had been done, that nearly six million feet of lumber had been sold, in thirty or forty different lots, and for about $50,000 less than it would have brought at the normal rates. The possibility of speculators buying in the lumber had been discussed from the first; but the directors had not dreamed that such a movement could be actually completed before they could know it was going on. And then they found that each of the twenty odd companies had been pledged to these orders through its own authorized agents. Even now, after the door had been closed on an empty stable, it was not plain what per cent, of the sales had gone to speculators; for nearly every order had come from a regular dealer in one of a score of different cities and towns.

Halloran soon found it difficult to buy, except in occasional small lots. His instructions to his agents still held good, however; and he hoped to increase his stock until he should have enough on hand to make good all the losses resulting from the fight. That was his idea—to make Bigelow pay the bills. Once this point was reached he would show his hand by bringing all the lumber to Wauchung.