"I'm agreed!" exclaimed Beaver; "I want to get home to my work."

"Long live the King!" barked Blue Wolf.

"Long live the King!" repeated Mink, and Fisher, and the rest of them in chorus.

"Now that's settled," announced Wolverine.

"Thank you, Comrades," said Black Fox; "you honour me. I will try to be just, and look after you carefully. May I have Wolverine as Lieutenant again?"

They all agreed to this.

THE VALUE OF THEIR FUR

"Now that's serious business enough for one day," declared the King; "Jack, you may tell us about the fur, and perhaps some of the others also have interesting tales to relate."

Whisky-Jack hopped down from his perch, and strutted proudly about in the circle.

"Mink," he began, snapping his beak to clear his throat, "you can chase a silly, addle-headed Fish into the mud and eat him, but you don't know the price of your own coat. Listen! The Black King's jacket is worth more than your fur and all the others put together. I heard the Factor at Wapiscaw tell his clerk about it last Winter when I dined with him."