“Quite well, suh; quite well, thank yo’.”

As Vance ate his supper a satisfied feeling of contentment with the whole world intruded itself upon him. His advancement in his profession was certainly gratifying. He had received several valuable hints while in Butte City in regard to a new silver mining company that was about to be organized, in which he was thinking seriously of investing a little money. The price was only ten cents a share, which he had been assured, on what seemed to him very excellent authority, would be worth a dollar a share before twelve months’ time. His investment at Waterville was certainly a good one, and he heartily believed Col. Bonifield had good news to tell him about Gray Rocks. In addition to this, he was once more near Louise, that fair vision of loveliness, whose tender blue eyes seemed ever near him. He dropped a coin into the hand of the waiter as he rose from the table, and stopped in the hallway to caress a lovely little child which he found playing hide-and-seek with an older companion, and then made each a present of money with which to buy bon-bons. He hummed softly to himself the air of an old love song as he went leisurely to his room.

Soon after, he was enjoying a choice Havana with Col. Bonifield sitting in a chair opposite him, smoking his briar-root, blowing blue rings of smoke leisurely toward the ceiling. Vance was animated, and spoke glowingly of the prospects of Waterville. Presently Col. Bonifield said:

“Mr. Gilder, we have reached the 300 foot level, suh,” and then lapsed into silence.

“Have you cross-cut into the vein yet?” asked Vance.

“Mr. Gilder,” said the old miner, as he rose from his chair and walked back and forth in a stately manner, “we have cross-cut, suh, into where the vein ought to have been, but it is not there, suh. I must confess to yo’, suh, that I am greatly disappointed, but the disappointment, I am sure, suh, is only tempoary. Of course it is much richer, suh, than it was at the 200 foot level, but it is not rich enough, suh, to work, by a pow’ful sight.”

This information was a great disappointment to Vance, for he had fully shared the old miner’s belief that they would strike the rich ore at the 300 foot level.