The note was to the effect that the rain had been heavy on the ranch, no plowing was possible, and so we were to stay in town that day and come down on the morrow after the mail from the south came in, as he was expecting an important letter, and it would thus save another trip up and down.

We were glad enough to do this, so, making our way up the street past the knots of people, all talking over and over again the two exciting topics of the day, we retraced our steps to Tom’s house, where we got ready the dinner against Tom’s return. Shortly after twelve he came in, when we related to him what we had learned in town; demanding in our turn particulars of the great strike.

“It’s a rich strike, all right,”said Tom, “but there isn’t much of it—about five hundred pounds—just a pocket, and not a very large one. But it is very rich stuff, carrying over three thousand ounces of silver and a thousand of gold to the ton. The five hundred pounds should be worth ten or twelve dollars a pound. They’ve found the same stuff several times before in the Pelican, always unexpectedly and always in pockets.”

“Then,”remarked Joe, “Yetmore will have made, perhaps, six thousand dollars this morning.”

“No, no,”said Tom; “he won’t have done anything of the sort; though I don’t wonder you should think so after the way the people have been carrying on down town. They’ve just been led away by their enthusiasm. Most of ’em know the terms of Yetmore’s lease well enough, but they have forgotten them for the moment. Yetmore pays the company a certain percentage of all the ore he gets out, and it is specially provided in the lease that should he come upon any of the well-known tellurium ore, the company is to have three-fifths of the proceeds and Yetmore only two-fifths. He’ll make a good thing out of it though, anyway.”

“You say there’s about five hundred pounds of the ore: have they taken it all out already?”asked Joe.

“Yes, taken it out, sorted it, sacked it in little fifty-pound sacks, sewed up the sacks and piled them in one of the drifts, all ready to ship down to San Remo to-morrow by express.”

“Why do they leave it in the mine?”I asked. “Is it safer than taking it down to the express office?”

“Yes: it would be pretty difficult to steal it out of the mine, with all the lights going and all the miners about, whereas, if it was just stacked in the express office, somebody might——”