"I never was in the Maine woods," ventured Ted timidly, "but if it is finer than this I'd like to see it."

"You like your quarters then?"

"Indeed I do, sir."

"And you're not afraid to stay way off here by yourself?"

"Oh, no!"

Mr. Fernald peered over the top of his glasses at the boy before him.

"Would you—would you care to come inside the shack?" Ted inquired after an interval of silence, during which Mr. Fernald had not taken his eyes from his face. "It is very cosy indoors—at least I think so."

"Since I am here I suppose I might just glance into the house," was the capitalist's rather magnificent retort. "I don't often get around to this part of the estate. To-day I followed the river and came farther away from Aldercliffe than I intended. When I got to this point the sun was so pleasant here on the float that I lingered."

Nodding, Ted fitted the key into the padlock, turned it, and rolled the doors apart, allowing Mr. Fernald to pass within. The mill owner was a large man and as he stalked about, peering at the fireplace with its andirons of wrought metal, examining the chintz hangings, and casting his eye over the books on the shelf, he seemed to fill the entire room. Then suddenly, having completed his circuit of the interior, he failed to bow himself out as Ted expected and instead dropped into the big leather armchair and proceeded to draw out a cigar.

"I suppose you don't mind if I smoke," said he, at the same instant lighting a match.