They were silent for a moment, watching the blue flames above the brazier.

Then Gildas spoke again. "Oddly enough," he said, "the first set of samples were undoubtedly pure gold—not the faintest doubt of that. That is the really interesting part of the matter. These gentlemen concerned in the enterprise will, of course, lose their money, and I shall therefore decline to accept the very handsome fee which they had offered me for my services. But the main feature, the real point of interest in this matter remains. Here we have undoubtedly a sporadic deposit—what miners call a pocket—of pure gold in a Devonian formation of the post-tertiary period. This once established, we must revise our entire theory of the distribution of igneous and aqueous rocks. In fact, I am already getting notes together for a paper for the Pan-Geological under the heading, Auriferous Excretions in the Devonian Strata: a Working Hypothesis. I hope to read it at the next meeting."

The young demonstrator looked at the professor with one eye half-closed.

"I don't think I would if I were you." he said.

Now this young demonstrator knew nothing or practically nothing, of geology, because he came of one of the richest and best families in town and didn't need to. But he was a smart young man, dressed in the latest fashion with brown boots and a crosswise tie, and he knew more about money and business and the stock exchange in five minutes than Professor Gildas in his whole existence.

"Why not?" said the professor.

"Why, don't you see what's happened?"

"Eh?" said Gildas.

"What happened to those first samples? When that bunch got interested and planned to float the company? Don't you see? Somebody salted them on you."

"Salted them on me?" repeated the professor, mystified.