of the services you have rendered. Is that satisfactory?"
"It is, sir," replied Cabot, "and with your permission I will at once telegraph Thorpe Walling that I cannot go with him."
"Write your despatch here and I will have it sent out. At the same time, do not mention that you have entered the employ of this company, as there are reasons why, for the present at least, that should remain a secret."
When Cabot's telegram was ready, Mr. Hepburn, who had been glancing through a number of letters that awaited his signature, handed it to his secretary, to whom he also gave some instructions that Cabot did not catch. As the former left the room, the president turned to our young engineer and said:
"As perhaps you are aware, Cabot, there is at present an unprecedented demand all over the world for both iron and copper, and our company is largely interested in the production of these metals. As existing sources of supply are inadequate it is of importance that new ones should be discovered, and if they can be found on the Atlantic seaboard, so much the better. In looking about for new fields that may be profitably worked, our attention has been directed to the island of Newfoundland and the coast of Labrador. While the former has been partially explored, we desire more definite information as to its available ore beds. There is a small island in Conception Bay, not far from St. Johns, known as Bell Island, said to be a mass of iron ore, that is already being worked by a local company. From it I should like to have a report, as soon as you reach St. Johns, concerning the nature of the ore, the extent of the deposit, the cost of mining it, the present output, the facilities for shipment, and so forth. At the same time I want you to obtain this information without divulging the nature of your business, or allowing your name to become in any way connected with this company.
"Having finished with Bell Island, you will visit such other portions of Newfoundland as are readily accessible from the coast, and seem to promise good results, always keeping to yourself the true nature of your business. Finally, you will proceed to Labrador, where you will make such explorations as are possible. You will report any discoveries in person, when you return to New York, as I do not care to have them entrusted to the mails. Above all, do not fail to bring back specimens of whatever you may find in the way of minerals. Are these instructions sufficiently clear?"
"They seem so, sir."
"Very well, then. I wish you to start this very day, as I find that a steamer, on which your passage is already engaged, sails from a Brooklyn pier for St. Johns this afternoon. This letter of credit, which only awaits your signature before a notary, will, if deposited with the bank of Nova Scotia in St. Johns, more than defray your year's expenses, and whatever you can save from it will be added to your salary. Therefore, it will pay you to practise economy, though you must not hesitate to incur legitimate expenses or to spend money when by so doing you can further the objects of your journey. You have enough money for your immediate needs, have you not?"
"Yes, sir. I have about fifty dollars."
"That will be ample, since your ticket to St. Johns is already paid for. Here it is."
Thus saying, Mr. Hepburn handed over an envelope containing the steamship ticket that his secretary had been sent out to obtain.
"I would take as little baggage as possible," he continued, "for you can purchase everything necessary in St. Johns, and will discover what you need after you get there. Now, good-bye, my boy. God bless you and bring you back in safety. Remember that the coming year will probably prove the most important of your life, and that your future now depends entirely upon yourself. Mr. Black here will go with you to the banker's, where you can sign your letter of credit."
So our young engineer was launched on the sea of business life. Two hours later he had packed a dress-suit case and sent his trunk down to the company's building for storage. On his way to the steamer he stopped at his club for a bite of lunch, and as he was leaving the building he encountered the friend with whom he had discussed his plans the day before.
"Hello!" exclaimed that individual, "where are you going in such a hurry. Not starting off on your year of travel, are you?"
"Yes," laughed Cabot. "I am to sail within an hour. Good-bye!"
With this he ran down the steps and jumped into a waiting cab.
CHAPTER III.
THE STRANGE FATE OF A STEAMER.
So
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