r stumpage for twenty cents or a little more, and in thirty years it
will be worth as high as a dollar and a half." [*]

* At the present time (1908) sugar pine such as Orde
described would cost $3.50 to $4.

"What!" cried Taylor.

"That is my opinion," said Orde.

Taylor relapsed into thought.

"Look here, Orde," he broke cut finally, "how old are you?"

"Thirty-eight. Why?"

"How much timber have you in Michigan?"

"About ten million that we've picked up on the river since the Daly
purchase and three hundred million in the northern peninsula."

"Which will take you twenty years to cut, and make you a million dollars
or so?"

"Hope so."

"Then why this investment thirty years ahead?"

"It's for Bobby," explained Orde simply. "A man likes to have his son
continue on in his business. I can't do it here, but there I can. It
would take fifty years to cut that pine, and that will give Bobby a
steady income and a steady business."

"Bobby will be well enough off, anyway. He won't have to go into
business."

Orde's brow puckered.

"I know a man--Bobby is going to work. A man is not a success in life
unless he does something, and Bobby is going to be a success. Why,
Taylor," he chuckled, "the little rascal fills the wood-box for a cent a
time, and that's all the pocket-money he gets. He's saving now to buy a
thousand-dollar boat. I've agreed to pool in half. At his present rate
of income, I'm safe for about sixty years yet."

"How soon are you going to close this deal?" asked Taylor, rising as he
caught sight of two figures coming up the walk.

"I have an option until November 1," replied Orde. "If you can't make
it, I guess I can swing it myself. By the way, keep this dark."

Taylor nodded, and the two turned to defend themselves as best they
could against Clara's laughing attack.

XXXI

Orde had said nothing to Newmark concerning this purposed new
investment, nor did he intend doing so.

"It is for Bobby," he told himself, "and I want Bobby, and no one else,
to run it. Joe would want to take charge, naturally. Taylor won't. He
knows nothing of the business."

He walked downtown next morning busily formulating his scheme. At the
office he found Newmark already seated at his desk, a pile of letters
in front of him. Upon Orde's boisterous greeting his nerves crisped
slightly, but of this there was no outward sign beyond a tightening of
his hands on the letter he was reading. Behin