livin'. If he goes slashin' right and left, nobody kin tell how much trade he'll draw."

"We should 'a' leased that store between us. Then nobody could 'a' come in."

"But we didn't. And it's goin' to cost us money. If he puts in clothing it'll cost me five hundred dollars a year in profits, anyhow. Maybe more. And you other fellers clost to as much."

"But we can't do nothin'."

"We can buy him off," said Atwell.

The meeting at that moment became noisy. Epithets were applied with freedom to Scattergood, and even to Atwell, for these were not men who loved to part with their money. However, Atwell showed them the economy of it. It was either for them to suffer one sharp pang now, or to endure a greater dragging misery. They went in a body to call upon Scattergood.

"Howdy, neighbors!" Scattergood said, genially.

"We're the merchants of this town," said Old Man Penny, shortly.

"So I judged," said Scattergood.

"There's merchants enough here," the old man roared on. "Too many. We don't want any more. We don't want you should start up any business here."

"You're too late. It's started. I've leased these premises."

"But you hain't no stock in."

"I calc'late on havin' one shortly," said Scattergood, with a twinkle in his eye, whose meaning was kindly concealed from the five.

"What'll you take not to order any stock?" asked Atwell, abruptly.

"Figger on buyin' me off, eh? Now, neighbors, I've been lookin' for a place like this, and I calc'late on stayin'. I'm goin' to become all-fired permanent here."

"Give you a hundred dollars," said Old Man Penny.

"Apiece?" asked Scattergood, and laughed jovially. "It's my busy day, neighbors. Better call in again."

"What's your figger to pull out now—'fore you're started?"

"Hain't got no figger, but if I had I calc'late it would be about a thousand dollars."

"Give you two hundred," said Old Man Penny.

Scattergood picked up his mop. "If you fellers really mean business, talk business. I've figgered my profits in this store, countin' in low prices, wouldn't be a cent under a couple of thousand the first year.... And you know it. That's what you're fussin' around here for. Now fish or git to bait cuttin'."

"Five hundred dollars," said Atwell, and Old Man Penny moaned.

"Tell you what I'll do," said Scattergood. "You men git back here inside of an hour with seven hundred and fifty cash, and lay it in my hand, and I'll agree not to sell groceries, dry goods, notions, millinery, or men or women's clothes in this town for a term of twenty year."

They drew off and scolded one another, and glowered at Scattergood, but came to scratch. "It's jest like robbery," said Old Man Penny, tremulously.

"Keep your money," retorted Scattergood. "I'm satisfied the way things is at present."

Within the hour they were back with seven hundred and fifty dollars in bills, a lawyer, and an agreement, which Scattergood read with minute attention. It bound him not to sell, barter, trade, exchange, deal, or in any way to derive a profit from the handling of groceries, dry goods, notions, millinery, clothing, and gent's furnishings. It contained no hidden pitfalls, and Scattergood was satisfied. He signed his name and thrust the roll of bills into his pocket.... Then he picked up his mop and went to work as hard as ever.

"Say," Old Man Penny said, "what you goin' ahead for? You jest agreed not to."

"There wasn't nothin' said about moppin'," grinned Scattergood, "and there wasn't nothin' said about hardware and harness and farm implements, neither. If you don't b'lieve me, jest read the agreement. What I'm doin', neighbors, is git this place cleaned out to put in the finest cash, cut-price, up-to-date hardware store in the state. And thank you, neighbors. You've done right kindly by a stranger...."

To this point the history of Scattergood Baines has been for the most part legendary; now we begin to encounter him in the public records, for deeds, mortgages, and the like begin to appear with his name upon them. His history becomes authentic.

Seven hundred and fifty dollars is not much when put into hardware, but Scattergood had no intention of putting even that into a stock of goods. He had a notion that the right kind of man, with five hundred dollars, could get credit to twice that amount, and as for farm machinery, he could sell by catalogue or on commission. His suspicion was proven to be fact.

But it was not in Scattergood to sit idle while he waited for his stock to arrive. Coldriver doubtless thought him idle, but he was studying the locality and the river with the eye of a commander who knew this was to be his battlefield. What Scattergood wanted now was to place himself astride Coldriver Valley, somewhere below the village, so that he could control the upper reaches of the stream. It was not difficult to find such a location. It lay three miles below town, at the junction of the north and south branches of Coldriver. The juncture was in a big, marshy, untillable flat, from which hills rose abruptly. From the easterly end of the flat the augmented river squeezed in a roaring rapids through a sort of bottle neck.

Scattergood stood on the hillside and looked upon this with satisfied eye.

"A dam across that bottle neck," he said to himself, "will flood that flat. Reg'lar reservoy. Millpond. Git a twenty-foot fall here easy, maybe more. Calc'late that'll run about any mill folks'll want to build. And," he scratched his head as a sort of congratulation to it for its efficiency, "I can't study out how anybody's agoin' to git logs past here without dickerin' with the man who owns the dam...." Plenty of water twelve months a year to give free power; a flat made to order for reservoir or log pond; a complete and effective blockade of both branches of the river which came down from a country richly timbered! It was one of the spots Scattergood had dreamed of.

Scattergood knew perfectly well he could not stop a log from passing his dam. Nor could he shut off the stream. Any dam he built must have a sluice which could be opened for the passage of timber, and all timber was entitled to "natural water." But, as he well knew, "natural water" was not always enough. A dam at this point would raise the level on the bars of the flat so that logs would not jam, and a log which used the high water caused by the dam must pay for it. What Scattergood had in mind was a dam and boom company. It was his project to improve the river, to boom backwaters, to dynamite ledges, to make the river passable to logs in spring and fall. It was his idea that such a company, in addition to demanding pay for the use of "improvements," could contract with lumbermen up the river to drive their logs.... And a mill at this point! Scattergood fairly licked his lips as he thought of the millions upon millions of feet of spruce to be sawed into lumber.

The firm foundation that Scattergood's strategy rested upon was that lumbering had not really started in the valley. The valley had not opened up, but lay undeveloped, waiting to be stirred to life. Scattergood's strength lay in that he could see ahead of to-day, and was patient to wait for the developments that to-morrow must bring. To-day his foresight could get for him what would be impossible to-morrow. If he stepped softly he could obtain a charter from the state to develop that river, which, when lumbering interests became actually engaged, would be fought by them to the last penny.... And he felt in his bones that day would not long be delayed.

The land Scattergood required was owned by three individuals. All of it was worthless—except to a man of vision—so, treading lightly, Scattergood went about acquiring what he needed. His method was not direct approach. He went to the owners of that land with proffers to sell, not to buy. To Landers, who owned the marsh on both shores of the river, he tried to sell the newest development in mowing machines, and his manner of doing so was