And it was just at the moment when Mr. Smith said this that Billy, the desk-clerk, entered the room with the telegram in his hand.

But stop—it is impossible for you to understand the anxiety with which Mr. Smith and his associates awaited the news from the Commissioners, without first realizing the astounding progress of Mr. Smith in the three past years, and the pinnacle of public eminence to which he had attained.

Mr. Smith had come down from the lumber country of the Spanish River, where the divide is toward the Hudson Bay,—"back north" as they called it in Mariposa.

He had been, it was said, a cook in the lumber shanties. To this day Mr. Smith can fry an egg on both sides with a lightness of touch that is the despair of his own "help."

After that, he had run a river driver's boarding-house.

After that, he had taken a food contract for a gang of railroad navvies on the transcontinental.

After that, of course, the whole world was open to him.

He came down to Mariposa and bought out the "inside" of what had been the Royal Hotel.

Those who are educated understand that by the "inside" of a hotel is meant everything except the four outer walls of it—the fittings, the furniture, the bar, Billy the desk-clerk, the three dining-room girls, and above all the license granted by King Edward VII., and ratified further by King George, for the sale of intoxicating liquors.

Till then the Royal had been a mere nothing. As "Smith's Hotel" it broke into a blaze of effulgence.