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these telegrams in London there came letters from the Russian correspondents of the various journals giving fuller details upon a subject of so much general interest. The _Times_ directed attention to the matter in a leader.

"It appears," remarked the great paper, "that a most important addition has been made to the mineral wealth of the Russian Empire. The silver mines of Siberia and the petroleum wells of the Caucasus are to be outrivalled by the new diamond fields of the Ural Mountains. For untold thousands of years these precious fragments of crystallized carbon have been lying unheeded among the gloomy gorges waiting for the hand of man to pick them out. It has fallen to the lot of one of our countrymen to point out to the Russian nation the great wealth which lay untouched and unsuspected in the heart of their realm. The story is a romantic one. It appears that a Mr. Langworthy, a wealthy English gentleman of good extraction, had, in the course of his travels in Russia, continued his journey as far as the great mountain barrier which separates Europe from Asia. Being fond of sport, he was wandering in search of game down one of the Ural valleys, when his attention was attracted by the thick gravel, which was piled up along the track of a dried-up water-course. The appearance and situation of this gravel reminded him forcibly of the South African diamond fields, and so strong was the impression that he at once laid down his gun and proceeded to rake the gravel over and to examine it. His search was rewarded by the discovery of several stones, which he conveyed home with him, and which proved, after being cleaned, to be gems of the first water. Elated at this success, he returned to the spot next day with a spade, and succeeded in obtaining many other specimens, and in convincing himself that the deposit stretched up and down for a long distance on both sides of the torrent. Having satisfied himself upon this point, our compatriot made his way to Tobolsk, where he exhibited his prizes to several of the richest merchants, and proceeded to form a company for the working of the new fields. He was so successful in this that the shares are already far above par, and our correspondent writes that there has been a rush of capitalists, all eager to invest their money in so promising a venture. It is expected that within a few months the necessary plant will have been erected and the concern be in working order."

The _Daily Telegraph_ treated the matter from a jocose and historical point of view.

"It has long been a puzzle to antiquaries and geologists," it remarked, "as to where those jewels which Solomon brought from the East were originally obtained. There has been much speculation, too, regarding the source of those less apocryphal gems which sparkled in the regalia of the Indian monarchs and adorned the palaces of Delhi and Benares. As a nation we have a personal interest in the question, since the largest and most magnificent of these stones is now in the possession of our most gracious Queen. Mr. Langworthy has thrown a light upon this obscure subject. According to this gentleman's researches these treasures were unearthed amidst that dark and gloomy range of mountains which Providence has interposed between a nascent civilization and a continent of barbarians. Nor is Mr. Langworthy's opinion founded upon theory alone. He lends point to his arguments by presenting to the greedy eyes of the merchants of Tobolsk a bag filled with valuable diamonds, each and every one of which he professes to have discovered in these barren inhospitable valleys. This tweed-suited English tourist, descending like some good spirit among these dreamy Muscovites, points out to them the untold wealth which has lain for so many centuries at their feet, and with the characteristic energy of his race shows them at the same time how to turn the discovery to commercial advantage. If the deposit prove to be as extensive as is supposed, it is possible that our descendants may wear cut diamonds in their eye-glasses, should such accessories be necessary, and marvel at the ignorance of those primitive days when a metamorphosed piece of coal was regarded as the most valuable product of nature."

The ordinary British paterfamilias, glancing over his morning paper, bestowed probably but few passing thoughts on the incident, but among business men and in the City its significance was at once understood. Not only did it create the deepest consternation amongst all who were connected with the diamond industry, but it reacted upon every other branch of South African commerce. It was the chief subject of conversation upon the Stock Exchange, and many were the surmises as to what the effect of the news would be at the fields. Fugger, the father of the diamond industry, was standing discussing the question, when a little rosy-faced Jew, named Goldschmidt, came bustling up to him. He was much excited, for he speculated in stones, and had just been buying in for a rise.

"Misther Fugger," he cried, "you're shust the man I want to see. My Gott, vot is to become of us all? Vot is to become of de diamond trade ven one can pick them up like cockles on the sea shore?"

"We must wait for details," the great financier said phlegmatically. His fortune was so enormous that it mattered little to him whether the report was true or false.

"Details! It is nothing but details," cried the little Jew. "The papers is full of them. I vish to the Lord that that Langworthy had proke his neck in the Ural Mountains before he got up to any such games. Vat business had he to go examining gravel and peeping about in such places as them. Nobody that's any good would ever go to the Ural Mountains at all."

"It won't hurt you," Fugger said; "you'll simply have to pay less for your stones and sell them cheaper after they are cut. It won't make much difference in the long run."

"Von't it, by Joves! Why, man, I've got over a hundred shtones on my hands now. Vat am I going to do vid 'em."

"Ah, that's a bad job. You must make up your mind to lose on them."

"Von't you buy them yourself, Mr. Fugger?" asked the Hebrew, in an insinuating voice. "Maybe this here story will all turn out wrong. S'elp me bob I gave three thousand for the lot, and you shall have them for two. Let's have a deal, my tear Mr. Fugger, do?"

"No more for me, thank you," Fugger said with decision. "As to the story being wrong, I have telegraphed to Rotterdam, and they have sent on a trusty man. He'll be weeks, however, before we hear from him."

"Here's Mr. Girdlestone, the great Mr. Girdlestone," cried Goldschmidt, perceiving our worthy merchant of Fenchurch Street among the crowd. "Oh, Misther Girdlestone, I've got diamonds here what is worth three thousand pounds, and you shall have them for two--you shall, by chingo, and we'll go together now and get them?"

"Don't pester me!" said Girdlestone, brushing the little Jew aside with his long, bony arm. "Can I have a word with you, Fugger?"

"Certainly," replied the diamond dealer. Girdlestone was a very well-known man upon 'Change, and one who was universally respected and looked up to.

"What do you think about this report?" he asked, in a confidential voice. "Do you imagine that it will affect prices in Africa?"

"Affect prices! My dear sir, if it proves true it will ruin the African fields. The mere report coming in a circumstantial fashion will send prices down fifty per cent."

"As much as that!" said the merchant, with an excellent affectation of surprise. "I am anxious about it, for my boy is out there. It was a hobby of his, and I let him go. I trust he will not be bitten."

"He is much more likely to do the biting," remarked Fugger bluntly. He had met Ezra Girdlestone in business more than once, and had been disagreeably impressed by the young gentleman's sharpness.

"Poor lad!" said his father. "He is young, and has had little experience as yet. I hope all is well with him!" He shook his head despondently, and walked slowly homewards, but his heart beat triumphantly within him, for he was assured now that the report would influence prices as he had foreseen, and the African firm reap the benefit of their daring speculation.


CHAPTER XX.

MR. HECTOR O'FLAHERTY FINDS SOMETHING IN THE PAPER.

Ezra Girdlestone had taken up his quarters in two private rooms at the _Central Hotel_, Kimberley, and had already gained a considerable reputation in the town by the engaging "abandon" of his manners, and by the munificent style in which he entertained the more prominent citizens of the little capital. His personal qualities of strength and beauty had also won him the respect which physical gifts usually command in primitive communities, and the smart young Londoner attracted custom to himself among the diggers in a way which excited the jealousy of the whole tribe of elderly Hebrews who had hitherto enjoyed a monopoly of the trade. Thus, he had already gained his object in making himself known, and his name was a familiar one in every camp from Waldeck's Plant to Cawood's Hope. Keeping his headquarters at Kimberley, he travelled perpetually along the line of the diggings. All the time he was chafing secretly and marvelling within himself how it was that no whisper of the expected news had arrived yet from England.

One sunny day he had returned from a long ride, and, having dined, strolled out into the streets, Panama hat upon head and cigar in mouth. It was the 23rd of October, and he had been nearly ten weeks in the colony. Since his arrival he had taken to growing a beard. Otherwise, he was much as we have seen him in London, save that a ruddier glow of health shone upon his sunburned face. The life of the diggings appeared to agree with him.

As he turned down Stockdale Street, a man passed him leading a pair of horses tired and dusty, with many a strap and buckle hanging down behind them. After him came another leading a second pair, and after him another with a third. They were taking them round to the stables. "Hullo!" cried Ezra, with sudden interest; "what's up?"

"The mail's just in."

"Mail from Capetown?"

"Yes."

Ezra quickened his pace and strode down Stockdale Street into the Main Street, which, as the name implies, is the chief thoroughfare of Kimberley. He came out close to the office of the _Vaal River Advertiser and Diamond Field Gazette_. There was a crowd in front of the door. This _Vaal River Advertiser_ was a badly conducted newspaper, badly printed upon bad paper, but selling at sixpence a copy, and charging from seven shillings and sixpence to a pound for the insertion of an advertisement. It was edited at present by a certain P. Hector O'Flaherty, who having been successively a dentist, a clerk, a provision merchant, an engineer, and a sign painter, and having failed at each and every one of these employments, had taken to running a newspaper as an easy and profitable occupation. Indeed,
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