you get hands on him?"

"It took time, but I had him cornered at last; and then——"

"What then?"

"The speculation turned bottom up. I became the man's bosom friend."

"The deuce you did!"

"He couldn't have been particular, you mean?" asked Dodd pleasantly. "Well, no; he's a man of rather large sympathies."

"If you're done talking nonsense, Loudon," said Havens, "let's be getting to my place for dinner."

Outside, the night was full of the roaring of the surf. Scattered lights glowed in the green thicket. Native women came by twos and threes out of the darkness, smiled and ogled the two whites, perhaps wooed them with a strain of laughter, and went by again, bequeathing to the air a heady perfume of palm-oil and frangipani blossom. From the club to Mr. Havens's residence was but a step or two, and to any dweller in Europe they must have seemed steps in fairyland. If such an one could but have followed our two friends into the wide-verandahed house, sat down with them in the cool trellised room, where the wine shone on the lamp-lighted tablecloth; tasted of their exotic food—the raw fish, the breadfruit, the cooked bananas, the roast pig served with the inimitable miti, and that king of delicacies, palm-tree salad; seen and heard by fits and starts, now peering round the corner of the door, now railing within against invisible assistants, a certain comely young native lady in a sacque, who seemed too modest to be a member of the family, and too imperious to be less; and then if such an one were whisked again through space to Upper Tooting, or wherever else he honored the domestic gods, "I have had a dream," I think he would say, as he sat up, rubbing his eyes, in the familiar chimney-corner chair, "I have had a dream of a place, and I declare I believe it must be heaven." But to Dodd and his entertainer, all this amenity of the tropic night and all these dainties of the island table, were grown things of custom; and they fell to meat like men who were hungry, and drifted into idle talk like men who were a trifle bored.

The scene in the club was referred to.

"I never heard you talk so much nonsense, Loudon," said the host.

"Well, it seemed to me there was sulphur in the air, so I talked for talking," returned the other. "But it was none of it nonsense."

"Do you mean to say it was true?" cried Havens,—"that about the opium and the wreck, and the blackmailing and the man who became your friend?"

"Every last word of it," said Loudon.

"You seem to have been seeing life," returned the other.

"Yes, it's a queer yarn," said his friend; "if you think you would like, I'll tell it you."

Here follows the yarn of Loudon Dodd, not as he told it to his friend, but as he subsequently wrote it.

THE YARN.

CHAPTER I. A SOUND COMMERCIAL EDUCATION.

The beginning of this yarn is my poor father's character. There never was a better man, nor a handsomer, nor (in my view) a more unhappy—unhappy in his business, in his pleasures, in his place of residence, and (I am sorry to say it) in his son. He had begun life as a land-surveyor, soon became interested in real estate, branched off into many other speculations, and had the name of one of the smartest men in the State of Muskegon. "Dodd has a big head," people used to say; but I was never so sure of his capacity. His luck, at least, was beyond doubt for long; his assiduity, always. He fought in that daily battle of money-grubbing, with a kind of sad-eyed loyalty like a martyr's; rose early, ate fast, came home dispirited and over-weary, even from success; grudged himself all pleasure, if his nature was capable of taking any, which I sometimes wondered; and laid out, upon some deal in wheat or corner in aluminium, the essence of which was little better than highway robbery, treasures of conscientiousness and self-denial.

Unluckily, I never cared a cent for anything but art, and never shall. My idea of man's chief end was to enrich the world with things of beauty, and have a fairly good time myself while doing so. I do not think I mentioned that second part, which is the only one I have managed to carry out; but my father must have suspected the suppression, for he branded the whole affair as self-indulgence.

"Well," I remember crying once, "and what is your life? You are only trying to get money, and to get it from other people at that."

He sighed bitterly (which was very much his habit), and shook his poor head at me. "Ah, Loudon, Loudon!" said he, "you boys think yourselves very smart. But, struggle as you please, a man has to work in this world. He must be an honest man or a thief, Loudon."

You can see for yourself how vain it was to argue with my father. The despair that seized upon me after such an interview was, besides, embittered by remorse; for I was at times petulant, but he invariably gentle; and I was fighting, after all, for my own liberty and pleasure, he singly for what he thought to be my good. And all the time he never despaired. "There is good stuff in you, Loudon," he would say; "there is the right stuff in you. Blood will tell, and you will come right in time. I am not afraid my boy will ever disgrace me; I am only vexed he should sometimes talk nonsense." And then he would pat my shoulder or my hand with a kind of motherly way he had, very affecting in a man so strong and beautiful.

As soon as I had graduated from the high school, he packed me off to the Muskegon Commercial Academy. You are a foreigner, and you will have a difficulty in accepting the reality of this seat of education. I assure you before I begin that I am wholly serious. The place really existed, possibly exists to-day: we were proud of it in the State, as something exceptionally nineteenth century and civilized; and my father, when he saw me to the cars, no doubt considered he was putting me in a straight line for the Presidency and the New Jerusalem.

"Loudon," said he, "I am now giving you a chance that Julius Caesar could not have given to his son—a chance to see life as it is, before your own turn comes to start in earnest. Avoid rash speculation, try to behave like a gentleman; and if you will take my advice, confine yourself to a safe, conservative business in railroads. Breadstuffs are tempting, but very dangerous; I would not try breadstuffs at your time of life; but you may feel your way a little in other commodities. Take a pride to keep your books posted, and never throw good money after bad. There, my dear boy, kiss me good-by; and never forget that you are an only chick, and that your dad watches your career with fond suspense."

The commercial college was a fine, roomy establishment, pleasantly situate among woods. The air was healthy, the food excellent, the premium high. Electric wires connected it (to use the words of the prospectus) with "the various world centres." The reading-room was well supplied with "commercial organs." The talk was that of Wall Street; and the pupils (from fifty to a hundred lads) were principally engaged in rooking or trying to rook one another for nominal sums in what was called "college paper." We had class hours, indeed, in the morning, when we studied German, French, book-keeping, and the like goodly matters; but the bulk of our day and the gist of the education centred in the exchange, where we were taught to gamble in produce and securities. Since not one of the participants possessed a bushel of wheat or a dollar's worth of stock, legitimate business was of course impossible from the beginning. It was cold-drawn gambling, without colour or disguise. Just that which is the impediment and destruction of all genuine commercial enterprise, just that we were taught with every luxury of stage effect. Our simulacrum of a market was ruled by the real markets outside, so