"And have you put by nothing out of your wages?"

"Yes, sir; I had over a hundred and fifty gulden laid by. I had spared everything on myself--food and drink, and even the pipe--and I had got together this sum. Then what should the devil do but bring the recruiting commission down here, and I had to give all my money into the greasy palm of the examining doctor, so that he might report me as being unfit for service because I squinted. It's a trick I have. I can squint for a quarter of an hour together, although my eyes are straight; on this account I shall be let off by the doctor, but my hundred and fifty gulden are gone. I shall have to squint at the marriage ceremony, for the priest only marries me because I am unfit for service."

"Well, Peter, you may count upon some help from me."

"Thank you, sir, but I don't like loans; that is like eating one's supper at dinner."

By this time they had reached the place where the strangers were waiting.

"Ah," cried Ivan, "so it is you, Felix!" and he held out his hand cordially to the visitor.

The old acquaintance whom Ivan called Felix looked as if he belonged to another generation. His soft complexion, carefully waxed mustache, short imperial, his fine, dark-blue eyes, and particularly the shape of his head, and the way it was placed on his shoulders, taken together with his elegant dress, which the rough miner's blouse could not quite conceal, betrayed the man of the world. When he spoke, his voice was almost womanly; the tone was clear and high, like one of the Pope's choir.

Felix hastened at once to put his friend's mind at ease upon a necessary part of his visit.

"I hope you will forgive our putting up at the inn. I was sure you would have made us welcome, but you are a busy man, and you would not care to be at the bother of entertaining us; besides, like all men of business, you are, I dare say, a little in the rough, and the inn is really very comfortable. May I introduce you to my travelling companion, Gustav Raune? He is a mine-surveyor and engineer."

Ivan was well pleased at his friend's forethought in the matter of hospitality; not that he would not have made him welcome so far as lay in his power--and there were unoccupied rooms in the house which would have accommodated the two men--but his manner of life would have been disturbed. He had never for one moment thought of entertaining a guest.

"My house," he said, frankly, "is not fitted to receive my friends, and, indeed, none come; but the inn is also mine. I trust you will consider yourselves my guests while you remain here."

"We accept your offer," returned the other; "the more readily, since we have really come here on your business. Yesterday I read your advertis.e.m.e.nt. You require an overseer?"

"I do." Ivan looked doubtfully at the two gentlemen.

"No, no; it is not for me," laughed Felix. "I understand nothing of the business; but Raune is inclined to join you, should he find that there are capabilities here for real work. Raune is an old friend of mine. He has learned his business under Erenzoter. You know the firm of Erenzoter? He is thoroughly up in the whole thing."

Raune all this time said not a word, perhaps for the best of reasons, that, being a Frenchman, he did not understand the language in which the others spoke. He was a small man, slight, and well-made, with penetrating eyes, a sharp-cut face, and very long mustache.

To this gentleman Ivan explained in fluent French that he would be glad to show him all the properties of the Bondavara mine before going closer into the matter of engaging him permanently.

After these courtesies they went down into the pit. Here the two men were soon convinced that each was thoroughly conversant with the whole machinery and working of a mine. Sometimes they held different opinions upon certain systems, and in the dispute or argument which would arise each disputant saw that the other had nothing to learn from him.

Raune displayed extraordinary quickness and knowledge in valuing the coal stratum. Even without looking at the geometrical maps he was able to decide upon the probable profit, as also upon the probable extent of the layer or stratum beyond the actual ground covered by Ivan's pit. His valuation agreed in almost every particular with that already made by Ivan. By mid-day the inspection was over, and they went to the inn for dinner, having first given some time to washing and general purification. A visit to a pit is by no means a cleanly undertaking.

The afternoon was devoted to the inspection of the distilling-ovens, and in the evening they went over the foundry. When they returned from the foundry, Felix went in with Ivan to his house, while Raune returned to the inn.

Ivan led his old acquaintance into his workroom, where, in truth, a wonderful disorder prevailed, cleared a chair, full of maps and books, for him to sit upon, and told him to light his cigar at a chemical lamp of a new construction. After a pause Felix began:

"You were always of an inquiring mind, Ivan. I remember well how at college you distanced every one. As for me, I was a pygmy near a giant. Now, tell me truly, have all your science, your industry, and your physical exertions made you a rich man?"

Ivan laughed. "This mine gives me an annual income of ten thousand gulden."

"In other words, it produces nothing, or, at least, next to nothing.

You are director, overseer, cashier, engineer, secretary, bookkeeper, and conveyer of goods, and you receive, roughly calculated, just what you would have to pay these employes if you had not united all their different offices in yourself. In other words, your work, your talent, your studies, your zeal, your expenditure of thought and strength upon this mine of yours only bring you in the miserable return which any proprietor would give to a man who filled only one of these offices.

As a fact, you don't get a farthing by it."

"The mine is not to blame, neither am I; it is the result of a small consumption, and, in consequence of this, the production cannot be increased."

"I will tell you in two words where the fault lies. In the present day strength is alone to be found in co-operation. In the political world the smaller states go to the wall; they are forced to tack themselves on to larger ones, and so form a union. It is the same in the commercial world; small tradesmen must give way to the larger co-operative centres, and it is better for them to understand this, and make part of a company."

"There is no danger of our foundry closing; our iron and our coal take a first place, and could not be crushed out."

"An additional reason for developing my idea--an idea which, I may as well tell you, was the factor that brought me here. You have already guessed, I imagine, that I am not such a good fellow as to undertake the journey solely on Raune's account. He is not a chicken, and could have introduced himself. I have a great plan in my head. I intend to make you a wealthy man, and, naturally, I shall feather my own nest at the same time."

"How so?"

"I do not know where I once read this short synopsis of how different nations acquire money: 'The Hungarian seeks it, the German earns it, the Frenchman wins it, and the American makes it.' It is a most characteristic description. You have only to watch the Hungarian, how he seeks in every hole and puddle for a piece of gold; the German will work in the sweat of his brow till he gets his reward, a piece of gold; the light-hearted Frenchman will win the last piece of gold his victim has; but the Yankee sits in a corner, gnaws his finger-nails, and makes his pile. Yes, gold lies in undiscovered millions, only waiting to be 'made.'"

"Where does it lie?"

"In the capabilities of life, in bold undertakings, in the concealed treasures of the earth, which require development, and in the outlay of capital; in new discoveries, in the extension of the means of communication, in the increase of luxury, in the follies of mankind, in the exertions made by scientists; and especially in the money-box where small capitalists keep their gold, which should circulate through large channels to be of use. The number of small capitals should be thrown into one large, commercial mart, and by means of this credit every gulden would bring in three times its value. This is the art of the American; this is how to make a pile of gold. It is a splendid art, an honest art, and it seems to thrive with those who adopt it."

When he had concluded this rather long-winded exordium, Felix threw himself back in his chair with an air as who should say, "Are you not dazzled with the brilliancy of my conception? Is not Felix Kaulmann one of the greatest financiers of the day? Surely you are convinced that he is."

So far as that went, the name had a fair reputation. The Kaulmanns had always been in finance, and were well-known bankers. Of late, since Felix had inherited the business from his father, the firm were more before the public. Ivan knew his old schoolfellow well; he looked at him now quietly.

"How do you propose to make a pile out of my pit?"

"I have a big scheme in my head."

"But the whole pit is anything but big."

"So it appears to you, because you don't view it from my standpoint.

You have sought for diamonds in the mine, but it has never occurred to you that there may be iron ore. This pit produces, you tell me, a profit of ten thousand gulden; that is the interest of two hundred thousand florins. I can get you a company who will buy the whole place out and out for two hundred thousand florins."

"But I would not part with my pit at any price. I am here in my element, like the mud-worm in the mud."

"You need not leave it--certainly not; on the contrary, if you wished to go, I would keep you chained, if necessary. The company will start with a recognized capital of four millions; we will form a large business, which on one side will ruin Prussian coal, on the other side will drive the English iron out of market. You shall be the princ.i.p.al director of the business, with a yearly salary of ten thousand florins, and two shares in the business; besides which you will be allowed to take, if you wish it, a portion of the purchase-money in bonds at par, and these will bear interest at twenty per cent. You will enjoy an income of thirty thousand florins, instead of your beggarly ten thousand florins, which you now have, and, into the bargain, hardly any work."

Ivan listened to this proposal without interrupting the speaker. When Felix had finished, he said, in a calm voice--

"My dear Felix, if I were to propose to a company ready provided with four millions the purchase of a business which up to the present had only produced ten thousand guldens profit, and which profit could never in the future realize more than eight hundred thousand gulden, do you not think I would be a despicable villain? If, on the other hand, I placed my own money in such a company, I should be equally a perfect fool."

At this clear definition of his recent proposal Felix burst into a peal of laughter. Then, pa.s.sing his pliant little walking-stick behind his back, he placed both his hands on the ends, and said with an air of profound wisdom--

"You have not heard all my plan. It has not altogether to do with your colony. You know well that your pit is only a small portion of the monster coal stratum of the Bonda Valley, which stretches far away--as far, indeed, as Muld Valley. I intend to buy this entire region; it can be had now for a mere song, and when properly worked it will be worth millions--millions earned by honest means. No stealing or taking unfair advantage of any one. We only raise a treasure which lies at our feet, so to speak, which is there ready for us, or for any one.

It needs only sufficient strength on the part of those who lift it."

"That is quite another thing. Now I can understand your scheme. I will also not contradict your a.s.sertion that it is lawful and generous; but it is just because it is so that it is full of holes. It is quite true that the treasure which lies concealed in the Bonda Valley is immense--it is possible that it represents millions; but this treasure cannot be discovered, for the Bondavara property is not for sale."

"Really!"

"I will tell you why; because at this moment it belongs to Prince Bondavary, who is one of the richest men in this country."

"I should imagine that no one knows better than I do how rich he is."

"In the next place, this man is one of the proudest of our aristocrats, to whom I, for one, would not venture to make the proposal to turn his old family property--the cradle, we might say, of his race--into a mine to be worked by a company."