After Colonel Bonifield had taken his departure, Vance commenced looking over his accumulated mail. The first thing that claimed his attention was a copy of the Banner containing his article, “Two Honorable Exceptions.” He read it carefully through again with evident pride. Not a word or a single sentence had been cut out. This was gratifying to him, and seemed proof that the managing editor had confidence in his ability to select the wheat from the chaff. He laid down the paper and began opening his letters. Presently the song he was humming died on his lips. He sat upright and stared at a letter which he held in his hand. It read as follows:

Banner Office, New York City.

DEAR SIR:—

I am directed by the managing editor to advise you that your services are no longer required. Enclosed find check in payment of your salary to date.

J Respectfully,

J. M. M.,

Ass’t Managing Editor.

To Vance Gilder, Esq.

He arose from his chair and rapidly paced the room, while great beads of perspiration stood on his forehead. What had he done to merit such humiliation? The idea that it might be a practical joke for a moment found lodgment in his thoughts, but he quickly dismissed the hallucination. Again he took up the paper and re-read the article, “Two Honorable Exceptions.” He endeavored logically to think out a solution of his dismissal.

The more earnestly he thought over the situation, the more distinctly he remembered the prejudiced views the chief seemed to entertain in regard to western enterprises and investments. “He certainly wants the truth,” soliloquized Vance, “and I will stake my life there is not a sentence in this article,” and he struck the paper vigorously with his hand, “but what is true. The article might almost be regarded as an advertisement for the great mining camp of Butte City, yet it was news, and not nearly so strong as it might be and still keep within the bounds of truth. The same is equally true as to what I have said in regard to the agricultural and other resources of Waterville.”

He sat far into the night, discussing with himself this unlooked for calamity. Once, and only once, did the idea occur to him that possibly the chief had sent him into the northwest to systematically destroy confidence concerning western investments. He was too honorable, however, to harbor the thought, and quickly dismissed it as too contemptible to be entertained. The only consolation he could find—and that was certainly a very meager one—was that in all probability a letter of explanation would soon come, that would clear away the misunderstanding. In the meantime he would patiently wait, keeping his own counsel.

He looked over his check book, and found he had, all told, some six thousand dollars to his credit, besides the four thousand dollars he had that evening given to Colonel Bonifield. He sat by his window and considered the advisability of returning at once to New York and demanding an explanation. Such a course would take him away from Gold Bluff, from Gray Rocks, and from Louise.