on that aspect of the enterprise. It was his lever to move men who had capital. And Charles Gould believed in the mine. He knew everything that could be known of it. His faith in the mine was contagious, though it was not served by a great eloquence; but business men are frequently as sanguine and imaginative as lovers. They are affected by a personality much oftener than people would suppose; and Charles Gould, in his unshaken assurance, was absolutely convincing. Besides, it was a matter of common knowledge to the men to whom he addressed himself that mining in Costaguana was a game that could be made considably more than worth the candle. The men of affairs knew that very well. The real difficulty in touching it was elsewhere. Against that there was an implication of calm and implacable resolution in Charles Gould's very voice. Men of affairs venture sometimes on acts that the common judgment of the world would pronounce absurd; they make their decisions on apparently impulsive and human grounds. »Very well,« had said the considerable personage to whom Charles Gould on his way out through San Francisco had lucidly exposed his point of view. »Let us suppose that the mining affairs of Sulaco are taken in hand. There would then be in it: first, the house of Holroyd, which is all right; then, Mr. Charles Gould, a citizen of Costaguana, who is also all right; and, lastly, the Government of the Republic. So far this resembles the first start of the Atacama nitrate fields, where there was a financing house, a gentleman of the name of Edwards, and - a Government; or, rather, two Governments - two South American Governments. And you know what came of it. War came of it; devastating and prolonged war came of it, Mr. Gould. However, here we possess the advantage of having only one South American Government hanging around for plunder out of the deal. It is an advantage; but then there are degrees of badness, and that Government is the Costaguana Government.« Thus spoke the considerable personage, the millionaire endower of churches on a scale befitting the greatness of his native land - the same to whom the doctors used the language of horrid and veiled menaces. He was a big-limbed, deliberate man, whose quiet burliness lent to an ample silk-faced frock-coat a superfine dignity. His hair was iron grey, his eyebrows were still black, and his massive profile was the profile of a Cæsar's head on an old Roman coin. But his parentage was German and