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pburn in reply requested them to keep a sharp lookout for a young man of that name, who would shortly present a letter of credit to them, and provide him with a ticket to New York on account of it, but nothing more. Mr. Hepburn also explained that, as Cabot Grant's guardian, he had the right to thus limit his ward's expenditures. Thus our lad fell into disgrace with his employer, who knew, as well as any man living, the exact status of the Bell Island iron mine, and had only requested Cabot to report on it in order to test his fitness for other work. While the correspondence with the bank was being carried on, Messrs. Walling and Gregg watched for the arrival of the young engineer, whom they expected by every train. They also anxiously awaited the news that the Hepburn syndicate had withdrawn its offer for the Bell Island property, in which event it would fall, at a greatly reduced price, to the company represented by Mr. Gregg. Totally unconscious of all this, Cabot Grant was at that very time in a remote corner of the west coast, happily engaged in aiding certain of its inhabitants to discomfit the combined naval forces of two of the most powerful governments of the world. Moreover, he had become so interested in this exciting occupation, as well as in certain discoveries that he was making, as to have very nearly lost sight of his intention to visit the capital of the island. When he reembarked on the "Sea Bee" at St. George's Bay, he fully intended to catch the train of two days later at the station to which White had promised to convey him. He was glad of a chance to view some more of that magnificent west coast scenery, and when the little schooner finally rounded South Head, and was pointed towards the massive front of Blomidon, which David Gidge called "Blow-me-down," he felt well repaid for his delay by the enchanting beauty of the Bay of Islands that lay outspread before them. Soon after passing South Head, the "Sea Bee," with flags flying from both masts, slipped through a narrow passage into the land-locked basin of Pretty Harbour. On its further shore stood a handful of white houses, and a larger building that fronted the water. "That's our factory!" cried White, "and there is our house, on the hillside, just beyond. See, the one with the dormer windows. There's Cola waving from one of them now. Bless her! She must have been watching, to sight us so quickly. Oh, I can't wait. Dave, yo
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