"That's what I wants to know," cried Billy. "This (sulphurous) outfit of ranikaboo ijits has gone plum' locoed, and they stan's around yere howlin' for tha'r money as though I carries th' Philadelphy mint in my clothes!"

Lafond did not reply. He motioned the men aside, and, with the utmost gentleness, led the wondering Billy to a far corner of the room.

"I'm sorry that I have this to do, Billy," said Lafond. "I don't want to. It's none of my lay-out. But these men of yours sent them to me because I am notary public and I must do it."

Billy did not understand, but he caught the apology in Lafond's tone.

"That's all right, old man," he assured the latter, moistening his lips.

Without further preamble, the half-breed drew some papers from his breast pocket, and handed them to Billy.

The first was a review of the work done on the Great Snake group of claims, and a detailed analysis of it, carried out with astounding minuteness of technical knowledge for one so ignorant of mining as Stevens. It outlined also the work that should have been done; and it ended with a general conclusion of incompetence. The second contained his formal dismissal as superintendent. The third returned Billy's shares as his portion in the Company's dissolution, said Company having dissolved without assets.

Billy sat very quietly and read the papers over three times, while his fellow townsmen stood silent and watched him. The first perusal bewildered him, and turned him sick at heart with disappointment and recognition of the estimate in which men held him. The second brought to his consciousness that his companions were regarding him; and that, in turn, caused him to realize that his prestige was crumbled, his integrity dishonored, his abilities belittled. The third impressed on him the desperate straits in which he found himself—without money, holding a doubtful interest in claims whose bad name was by this established so firmly that no Eastern capital would ever take hold of them again, the moral if not legal debtor to these men who had worked all winter for him. The iron turned in his soul. Michaïl Lafond, sitting there in the rôle of sympathizer, was well satisfied with his handiwork. For the moment, Billy Knapp was a broken man.

He arose slowly, and passed out of the door in the dead silence of those about him.

After his exit, the dance was forgotten and an earnest discussion raged. It was no light matter. Eleven men had invested heavily in powder, fuse, drills, and windlasses for the purpose of fulfilling their contract with Knapp; and they, and twenty-two others, had put in their time for a number of months. Many of them owed for board or materials. Others, though out of debt, had spent nearly all their ready cash. They all seemed desperately close to bankruptcy, for Lafond said nothing whatever respecting his agreement to pay the contracts himself. And then again, as has been pointed out, the well-being of the whole camp had depended intimately on the success of its big mine, for the success of one enterprise like the Great Snake draws other capital to the district, rendering possible the sale of claims; while its failure always gives a bad name to a whole section.