"Yes. His last letters are of a very unsatisfactory character, and little in agreement with previous communications. We have, besides, direct information from a partly on the ground, that tends to confirm our worst fears."

"Worst fears of what?" asked Markland, still strongly agitated.

"Unfair—nay, treacherous—dealing."

"Treachery!"

"That word but feebly expresses all we apprehend."

"It involves fearful meaning in the present case," said Markland, in a hoarse voice.

"Fearful enough," said Fenwick, gloomily.

"I was just on the eve of starting for the ground of the Company's operations, when your letter reached me this morning. An hour later, and I would have been on my journey southward," said Mr. Markland.

"It is well that I wrote, promptly," remarked Fenwick. "You were, at least, saved a long and fruitless journey."

"It will yet have to be taken, I fear," said Markland.