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disappeared in the gray-grizzled hair.

"We throw off the lines in an hour, sir; so I've come for the last word."

"Good." Jacob Welse whirled his chair about. "Captain McGregor."

"Ay."

"I had other work cut out for you this winter; but I have changed my mind and chosen you to go down with the Laura. Can you guess why?"

Captain McGregor swayed his weight from one leg to the other, and a shrewd chuckle of a smile wrinkled the corners of his eyes. "Going to be trouble," he grunted.

"And I couldn't have picked a better man. Mr. Bally will give you detailed instructions as you go aboard. But let me say this: If we can't scare enough men out of the country, there'll be need for every pound of grub at Fort Yukon. Understand?"

"Ay."

"So no extravagance. You are taking three hundred men down with you. The chances are that twice as many more will go down as soon as the river freezes. You'll have a thousand to feed through the winter. Put them on rations,--working rations,--and see that they work. Cordwood, six dollars per cord, and piled on the bank where steamers can make a landing. No work, no rations. Understand?"

"Ay."

"A thousand men can get ugly, if they are idle. They can get ugly anyway. Watch out they don't rush the caches. If they do,--do your duty."

The other nodded grimly. His hands gripped unconsciously, while the scar on his forehead took on a livid hue.

"There are five steamers in the ice. Make them safe against the spring break-up. But first transfer all their cargoes to one big cache. You can defend it better, and make the cache impregnable. Send a messenger down to Fort Burr, asking Mr. Carter for three of his men. He doesn't need them. Nothing much is doing at Circle City. Stop in on the way down and take half of Mr. Burdwell's men. You'll need them. There'll be gun-fighters in plenty to deal with. Be stiff. Keep things in check from the start. Remember, the man who shoots first comes off with the whole hide. And keep a constant eye on the grub."

"And on the forty-five-nineties," Captain McGregor rumbled back as he passed out the door.

"John Melton--Mr. Melton, sir. Can he see you?"

"See here, Welse, what's this mean?" John Melton followed wrathfully on the heels of the clerk, and he almost walked over him as he flourished a paper before the head of the company. "Read that! What's it stand for?"

Jacob Welse glanced over it and looked up coolly. "One thousand pounds of grub."

"That's what I say, but that fellow you've got in the warehouse says no,--five hundred's all it's good for."

"He spoke the truth."

"But--"

"It stands for one thousand pounds, but in the warehouse it is only good for five hundred."

"That your signature?" thrusting the receipt again into the other's line of vision.

"Yes."

"Then what are you going to do about it?"

"Give you five hundred. What are you going to do about it?"

"Refuse to take it."

"Very good. There is no further discussion."

"Yes there is. I propose to have no further dealings with you. I'm rich enough to freight my own stuff in over the Passes, and I will next year. Our business stops right now and for all time."

"I cannot object to that. You have three hundred thousand dollars in dust deposited with me. Go to Mr. Atsheler and draw it at once."

The man fumed impotently up and down. "Can't I get that other five hundred? Great God, man! I've paid for it! You don't intend me to starve?"

"Look here, Melton." Jacob Welse paused to knock the ash from his cigar. "At this very moment what are you working for? What are you trying to get?"

"A thousand pounds of grub."

"For your own stomach?"

The Bonanzo king nodded his head.

"Just so." The lines showed more sharply on Jacob Welse's forehead. "You are working for your own stomach. I am working for the stomachs of twenty thousand."

"But you filled Tim McReady's thousand pounds yesterday all right."

"The scale-down did not go into effect until to-day."

"But why am I the one to get it in the neck hard?"

"Why didn't you come yesterday, and Tim McReady to-day?"

Melton's face went blank, and Jacob Welse answered his own question with shrugging shoulders.

"That's the way it stands, Melton. No favoritism. If you hold me responsible for Tim McReady, I shall hold you responsible for not coming yesterday. Better we both throw it upon Providence. You went through the Forty Mile Famine. You are a white man. A Bonanzo property, or a block of Bonanzo properties, does not entitle you to a pound more than the oldest penniless 'sour-dough' or the newest baby born. Trust me. As long as I have a pound of grub you shall not starve. Stiffen up. Shake hands. Get a smile on your face and make the best of it."

Still savage of spirit, though rapidly toning down, the king shook hands and flung out of the room. Before the door could close on his heels, a loose-jointed Yankee shambled in, thrust a moccasined foot to the side and hooked a chair under him, and sat down.

"Say," he opened up, confidentially, "people's gittin' scairt over the grub proposition, I guess some."

"Hello, Dave. That you?"

"S'pose so. But ez I was saying there'll be a lively stampede fer the Outside soon as the river freezes."

"Think so?"

"Unh huh."

"Then I'm glad to hear it. It's what the country needs. Going to join them?"

"Not in a thousand years." Dave Harney threw his head back with smug complacency. "Freighted my truck up to the mine yesterday. Wa'n't a bit too soon about it, either. But say . . . Suthin' happened to the sugar. Had it all on the last sled, an' jest where the trail turns off the Klondike into Bonanzo, what does that sled do but break through the ice! I never seen the beat of it--the last sled of all, an' all the sugar! So I jest thought I'd drop in to-day an' git a hundred pounds or so. White or brown, I ain't pertickler."

Jacob Welse shook his head and smiled, but Harney hitched his chair closer.

"The clerk of yourn said he didn't know, an' ez there wa'n't no call to pester him, I said I'd jest drop round an' see you. I don't care what it's wuth. Make it a hundred even; that'll do me handy.

"Say," he went on easily, noting the decidedly negative poise of the other's head. "I've got a tolerable sweet tooth, I have. Recollect the taffy I made over on Preacher Creek that time? I declare! how time does fly! That was all of six years ago if it's a day. More'n that, surely. Seven, by the Jimcracky! But ez I was sayin', I'd ruther do without my plug of 'Star' than sugar. An' about that sugar? Got my dogs outside. Better go round to the warehouse an' git it, eh? Pretty good idea."

But he saw the "No" shaping on Jacob Welse's lips, and hurried on before it could be uttered.

"Now, I don't want to hog it. Wouldn't do that fer the world. So if yer short, I can put up with seventy-five--" (he studied the other's face), "an' I might do with fifty. I 'preciate your position, an' I ain't low-down critter enough to pester--"

"What's the good of spilling words, Dave? We haven't a pound of sugar to spare--"

"Ez I was sayin', I ain't no hog; an' seein' 's it's you, Welse, I'll make to scrimp along on twenty-five--"

"Not an ounce!"

"Not the least leetle mite? Well, well, don't git het up. We'll jest fergit I ast you fer any, an' I'll drop round some likelier time. So long. Say!" He threw his jaw to one side and seemed to stiffen the muscles of his ear as he listened intently. "That's the Laura's whistle. She's startin' soon. Goin' to see her off? Come along."

Jacob Welse pulled on his bearskin coat and mittens, and they passed through the outer offices into the main store. So large was it, that the tenscore purchasers before the counters made no apparent crowd. Many were serious-faced, and more than one looked darkly at the head of the company as he passed. The clerks were selling everything except grub, and it was grub that was in demand. "Holding it for a rise. Famine prices," a red-whiskered miner sneered. Jacob Welse heard it, but took no notice. He expected to hear it many times and more unpleasantly ere the scare was over.

On the sidewalk he stopped to glance over the public bulletins posted against the side of the building. Dogs lost, found, and for sale occupied some space, but the rest was devoted to notices of sales of outfits. The timid were already growing frightened. Outfits of five hundred pounds were offering at a dollar a pound, without flour; others, with flour, at a dollar and a half. Jacob Welse saw Melton talking with an anxious-faced newcomer, and the satisfaction displayed by the Bonanzo king told that he had succeeded in filling his winter's cache.

"Why don't you smell out the sugar, Dave?" Jacob Welse asked, pointing to the bulletins.

Dave Harney looked his reproach. "Mebbe you think I ain't ben smellin'. I've clean wore my dogs out chasin' round from Klondike City to the Hospital. Can't git yer fingers on it fer love or money."

They walked down the block-long sidewalk, past the warehouse doors and the long teams of waiting huskies curled up in wolfish comfort in the snow. It was for this snow, the first permanent one of the fall, that the miners up-creek had waited to begin their freighting.

"Curious, ain't it?" Dave hazarded suggestively, as they crossed the main street to the river bank. "Mighty curious--me ownin' two five-hundred-foot Eldorado claims an' a fraction, wuth five millions if I'm wuth a cent, an' no sweetenin' fer my coffee or mush! Why, gosh-dang-it! this country kin go to blazes! I'll sell out! I'll quit it cold! I'll--I'll--go back to the States!"

"Oh, no, you won't," Jacob Welse answered. "I've heard you talk before. You put in a year up Stuart River on straight meat, if I haven't forgotten. And you ate salmon-belly and dogs up the Tanana, to say nothing of going through two famines; and you haven't turned your back on the country yet. And you never will. And you'll die here as sure as that's the Laura's spring being hauled aboard. And I look forward confidently to the day when I shall ship you out in a lead-lined
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