Parker was alert attention. His master debated with himself ponderously, as if the problem were of profound importance, rubbing the while the bristly thatch of the small toothbrush moustache he had recently begun to sport on his upper lip.

'Parker, I'm going fishing.'

'Yes, sir!'

'I ordered some rods sent up. Please joint them and let me give them the once over. The idea drifts through my mind that two weeks in the woods is what I need. If I don't, I'll surely start laying on flesh and disgrace the whole family tree. You remember Sir Henry? the old original Sir Henry, the buccaneer old swashbuckler?' 'Yes, sir; I've read of him, sir.'

Parker had paused in the doorway until such time as the ebbing of his young master's volubility would permit him to depart on the errand.

'Nothing to be proud of, the old pirate.'

'Oh, no, sir,' Parker protested. 'He was Governor of Jamaica. He died respected.'

'It was a mercy he didn't die hanged,' Francis laughed. 'As it was, he's the only disgrace in the family that he founded. But what I was going to say is that I've looked him up very carefully. He kept his figure and he died lean in the middle, thank God. It's a good inheritance he passed down. We Morgans never found his treasure; but beyond rubies is the lean-in-the-middle legacy he bequeathed us. It's what is called a fixed character in the breed that's what the profs taught me in the biology course.'

Parker faded out of the room in the ensuing silence, during which Francis Morgan buried himself in the Panama column and learned that the canal was not expected to be open for traffic for three weeks to come.

A telephone buzzed, and, through the electric nerves of a consummate civilization, Destiny made the first out-reach of its tentacles and contacted with Francis Morgan in the library of the mansion his father had builded on Eiverside Drive.

'But my dear Mrs. Carruthers,' was his protest into the transmitter. 'Whatever it is, it is a mere local flurry. Tampico Petroleum is all right. It is not a gambling proposition. It is legitimate investment. Stay with. Tie to it … Some Minnesota farmer's come to town and is trying to buy a block or two because it looks as solid as it really is… What if it is up two points? Don't sell. Tampico Petroleum is not a lottery or a roulette proposition. It's bona fide industry. I wish it hadn't been so almighty big or I'd have financed it all myself… Listen, please, it's not a flyer. Our present contracts for tanks is over a million. Our railroad and our three pipe-lines are costing more than five millions. Why, we've a hundred millions in producing wells right now, and our problem is to get it down country to the oil-steamers. This is the sober investment time. A year from now, or two years, and your shares will make government bonds look like something the cat brought in…

'Yes, yes, please. Never mind how the market goes. Also, please, I didn't advise you to go in in the first place. I never advised a friend to that. But now that they are in, stick. It's as solid as the Bank of England… Yes, Dicky and I divided the spoils last night. Lovely party, though Dicky's got too much temperament for bridge… Yes, bull luck… Ha! ha! My temperament? Ha! Ha!.. Yes?… Tell Harry I'm off and away for a couple of weeks… Fishing, troutlets, you know, the springtime and the streams, the rise of sap, the budding and the blossoming and all the rest… Yes, good-bye, and hold on to Tampico Petroleum. If it goes down, after that Minnesota farmer's bulled it, buy a little more. I'm going to. It's finding money… Yes… Yes, surely… It's too good to dare sell on a flyer now, because it mayn't ever again go down… Of course I know what I'm talking about. I've just had eight hours' sleep, and haven't had a drink… Yes, yes… Good-bye.'

He pulled the ticker tape into the comfort of his chair and languidly ran over it, noting with mildly growing interest the message it conveyed.

Parker returned with several slender rods, each a glittering gem of artisanship and art. Francis was out of his chair, ticker flung aside and forgotten as with the exultant joy of a boy he examined the toys and, one after another, began trying them, switching them through the air till they made shrill whip-like noises, moving them gently with prudence and precision under the lofty ceiling as he made believe to cast across the floor into some unseen pool of trout-lurking mystery.

A telephone buzzed. Irritation was swift on his face.

'For heaven's sake answer it, Parker, he commanded. 'If it is some silly stock-gambling female, tell her I'm dead, or drunk, or down with typhoid, or getting married, or anything calamitous.'

After a moment's dialogue, conducted on Parker's part, in the discreet and modulated tones that befitted absolutely the cool, chaste, noble dignity of the room, with a 'One moment, sir,' into the transmitter, he muffled the transmitter with his hand and said:

'It's Mr. Bascom, sir. He wants you.'

'Tell Mr. Bascom to go to hell,' said Francis, simulating so long a cast, that, had it been in verity a cast, and had it pursued the course his fascinated gaze indicated, it would have gone through the window and most likely startled the gardener outside kneeling over the rose bush he was planting.

'Mr. Bascom says it's about the market, sir, and that he'd like to talk with you only a moment,' Parker urged, but so delicately and subduedly as to seem to be merely repeating an immaterial and unnecessary message.

'All right.' Francis carefully leaned the rod against a table and went to the 'phone.

'Hello,' he said into the telephone. 'Yes, this is I, Morgan. Sboot? What is it?'

He listened for a minute, then interrupted irritably: 'Sell hell. Nothing of the sort… Of course, I'm glad to know. Even if it goes up ten points, which it won't, hold on to everything. It may be a legitimate rise, and it mayn't ever come down. It's solid. It's worth far more than it's listed. I know, if the public doesn't. A year from now it'll list at two hundred… that is, if Mexico can cut the revolution stuff… Whenever it drops you'll have buying orders from me… Nonsense. Who wants control? It's purely sporadic … eh? I beg your pardon. I mean it's merely temporary. Now I'm going off fishing for a fortnight. If it goes down five points, buy. Buy all that's offered. Say, when a fellow's got a real bona fide property, being bulled is almost as bad as having the bears after one… yes… Sure… yes. Good- bye.'

And while Francis returned delightedly to his fishing-rods, Destiny, in Thomas Regan's down-town private office, was working overtime. Having arranged with his various brokers to buy, and, through his divers channels of secret publicity having let slip the cryptic tip that something was wrong with Tampico Petroleum's concessions from the Mexican government, Thomas Regan studied a report of his own oil-expert emissary who had spent two months on the spot spying out what Tampico Petroleum really had in sight and prospect.

A clerk brought in a card with the information that the visitor was importunate and foreign. Regan listened, glanced at the card, and said:

'Tell this Mister Senor Alvarez Torres of Ciodad de Colon that I can't see him.'

Five minutes later the clerk was back, this time with a message pencilled on the card. Regan grinned as he read it:

'Dear Mr. Regan,

'Honoured Sir:

'I have the honour to inform you that I have a tip on the location of the treasure Sir Henry Morgan buried in old pirate days.

'Alvarez Torres.'

Regan shook his head, and the clerk was nearly out of the room when his employer suddenly recalled him.

'Show him in at once.'

In the interval of being alone, Regan chuckled to himself as he rolled the new idea over in his mind. 'The unlicked cub!' he muttered through the smoke of the cigar he was lighting. 'Thinks he can play the lion part old E.H.M. played. A trimming is what he needs, and old Grayhead Thomas B. will see that he gets it.'

Senor Alvarez Torres' English was as correct as his modish spring suit, and though the bleached yellow of his skin advertised his Latin-American origin, and though his black eyes were eloquent of the mixed lustres of Spanish and Indian long compounded, nevertheless he was as thoroughly New Yorkish as Thomas Regan could have wished.

'By great effort, and years of research, I have finally won to the clue to the buccaneer gold of Sir Henry Morgan,' he preambled. 'Of course it's on the Mosquito Coast. I'll tell you now that it's not a thousand miles from the Chiriqui Lagoon, and that Bocas del Toro, within reason, may be described as the nearest town. I was born there educated in Paris, however and I know the neighbourhood like a book. A small schooner the outlay is cheap,

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