Mrs. Elliston frowned her disapproval, but she knew better than to protest. Before Agnes called upon Mrs. Smythe, however, she dropped in at the manufacturing concern of D. A. Elliston and Company.

"Uncle Dan, how much money of mine have you in charge just now?" she demanded to know.

"Cash? About five or six thousand."

"And how much more could you raise on my property?"

"Right away? About fifteen, on bonds and such securities. This is no time to sacrifice real estate."

"It isn't enough," said Agnes, frowning, and was silent for a time.

"You'll just have to loan me about ten thousand more."

"Oh, will I?" he retorted. "What for?"

"I want to make an investment."

"So I judged," he dryly responded. "Well, young lady, as your steward I reckon I'll have to know something more about this investment before I turn over any money."

With sparkling eyes and blushes that would come in spite of her, she told him what she intended to do. When she had concluded, Dan Elliston slapped his knees in huge joy.

"You shall have all the money you want," he declared.

Upon that same afternoon Bobby started to buy up, here and there, nearly the entire stock of the Brightlight, purchasing it at an absurdly low price. Then he went to De Graff, to Dan Elliston, and to others to whose discretion he could trust. His own plans were well under way when the Consolidated Illuminating and Power Company announced, with a great flourish of trumpets, its new bond issue. The _Bulletin_ made no comment upon this. It merely published the news fact briefly and concisely--an unexpected att.i.tude, which brought surprise, then wonder, then suspicion to the office of the _Chronicle_. The _Chronicle_ had been a Stone organ during the heydey of Stone's prosperity; the _Bulletin_ had fought the Consolidated tooth and toe-nail; the already criminally overcapitalized Consolidated was about to float a new bond issue; the _Bulletin_ did not fight this issue; _ergo_, the _Bulletin_ must have something to gain by the issue.

The _Chronicle_ waited three days, then began to fight the bond issue itself, which was precisely the effect for which Bobby had planned.

Grown astute, Bobby realized that if the bond issue failed the Consolidated would go bankrupt at once instead of a year or so later.

The newspaper, however, which would force that bankruptcy would, by that act, be the apparent means of losing a vast amount of money to the poor investors of the town, and Bobby left that ungrateful task to the _Chronicle_. He even went so far as to defend the Consolidated in a mild sort of manner, a proceeding which fanned the _Chronicle_ into fresh fury.

For three months desperate attempts were made by the Consolidated to make the new bonds attractive to the public, but less than one hundred thousand dollars was subscribed. Bobby was tabulating the known results of this subscription with much satisfaction one morning when Ferris walked into his office.

"I hope you didn't come into town to dig up another scandal, old man,"

said Bobby, greeting his contractor-friend with keen pleasure.

"No," said Ferris; "came in to give you a bit of news. The Great Eastern and Western Railroad wants to locate its shop here, and is building by private bid. I have secured the contract, subject to certain alterations of price for distance of hauling and difficulty of excavation; but the thing is liable to fall through for lack of a location. They can't get the piece of property they are after, and there is only one other one large enough and near enough to the city.

The chief engineer and I are going out to look at it again to-day.

Come with us. If we decide that the property will do, and if we can secure it, you may have an exclusive news-item that would be very pretty, I should judge." And Ferris smiled at some secret joke.

"I'll go with pleasure," said Bobby, "and not by any means just for the news. When do you want to go?"

"Oh, right away, I guess. I'll telephone to Shepherd and have him order a rig."

"What's the use?" demanded Bobby, much interested. "My car's right within call. I'll have it brought up."

Shepherd, the chief engineer of the G. E. and W., when they picked him up at the hotel, proved to be an entire human being with red whiskers and not a care in the world. Bobby was enjoying a lot of preliminary persiflage when Shepherd incidentally mentioned their destination.

"It is known as Westmarsh," he observed. "I suppose you know where it is."

Bobby, who had already started the machine and had placed his hand on the steering wheel, gave a jerk so violent that he almost sent the machine diagonally across the street, and Ferris laughed aloud. His little joke was no longer a secret.

"Westmarsh!" Bobby repeated. "Why, I own that undrainable swamp."

"Swamp?" exclaimed Shepherd. "It's as dry as a bone. I looked it over last night and am going out to-day to study the possible approaches to it."

"But you say it is dry!" protested Bobby, unable to believe it.

"Dry as powder," a.s.serted Shepherd. "There has been an immense amount of water out there, but it has been well taken care of by the splendid drainage system that has been put in."

"It cost a lot of money to put in that drainage system," commented Bobby; "but we found it impracticable to drain an entire river."

It was Shepherd's turn to be puzzled, a process in which he stopped to laugh.

"This is the first time I ever heard an owner belittle his own property," he declared. "I suppose that next you'll only accept half the price we offer."

Bobby kept up his part of the conversation but feebly as they whirled out to the site of the old Applerod Addition. He was lost in speculation upon what could possibly have happened to that unfortunate swamp area. When they arrived, however, he was surprised to find that Shepherd had been correct. The ground, though sunken in places and black with the residue of one-time stagnant water, was firm enough to walk upon, and after many tests he even ran the machine across and across it. Moreover, gra.s.s and weeds, forcing their way here and there, were already beginning to hide and redeem the ugly earthen surface.

Bobby surveyed the miracle in amazement. It was the first time he had seen the place in a year. Even in his trips to the waterworks site, which was just north, beyond the hill, he had chosen the longer and less solid river road rather than to come past this spot of humiliating memories.

"I can't understand it," he said again and again to the two men. "Why, Mr. Shepherd, I spent thousands of dollars in filling this swamp and draining it, with the idea of making a city subdivision here. Silas Trimmer, the man from whom I bought the place, imagined it to be fed by underground springs, but he let me spend a fortune to attract people out to see my new building lots so that he could, without cost, sell his own. That is his addition up there on the hills, and I'm glad to say he has recently mortgaged it for all that it will carry."

"How about the springs?" asked Shepherd with a frown. "Did you find them? You must have stopped them. Are they liable to break out again?"

"That's the worst of it," replied Bobby, still groping. "It wasn't springs at all. It was a peculiar geological formation, some disarranged strata leading beneath the hill from the river and emptying into the bottom of this pond. All through the year it seeped in faster than our extensive drainings could carry it away, and in the spring and fall, when the river was high, it poured in. I don't see what could have happened. Suppose we run over and see the engineer who worked on this with me. He is now in charge of the new waterworks."

In five minutes they were over there. Jimmy Platt, out in his shirt-sleeves under a broad-brimmed straw hat, greeted them most cordially, but when Bobby explained to him the miracle that had happened to the old Applerod Addition, Platt laughed until the tears came into his eyes; and even after he stopped laughing there were traces of them there.

"Come down here and I'll show you," said he.

Leading south from the pumping station, diagonally down the steep bank to the river, had been built a splendid road, flanked on both sides by very solid, substantial-looking retaining walls.

"You see this wall?" asked Jimmy, pointing to the inside one. "It runs twenty feet below low-water level, and is solidly cemented. You remember when I got permission to move this road from the north side to the south side of the pumping station? I did that after an examination of the subsoil. This wall cuts off the natural siphon that fed the water to your Applerod Addition. I have been going past there in huge joy twice a day, watching that swamp dry up."

"In other words," said Bobby, "you have been doing a little private grafting on my account. How many additional dollars did that extra-deep wall cost?"

"I'm not going to tell you," a.s.serted Jimmy stoutly. "It isn't very much, but whatever it is the city good and plenty owes you for saving it over a million on this job. But if I'd had to pay for it myself I would have done it to correct the mistake I made when I started to drain that swamp for you. I guess this is about the most satisfactory minute of my life," and he looked it.

"A fine piece of work," agreed Shepherd, casting a swift eye over the immense and busy waterworks site, and then glancing at the hill across which lay Bobby's property. "You're lucky to have had this chance, Mr.

Platt," and he shook hands cordially with Jimmy. "I'm perfectly satisfied, Mr. Burnit. Do you want to sell that property?"

"If I can get out at a profit," replied Bobby. "Otherwise I'll regrade the thing and split it up into building lots as I originally intended."

"Let's go back down to the hotel and talk 'turkey,'" offered Shepherd briskly. "What do you think of the place, Ferris? Will it do?"

"Fine!" said Ferris. "The property lies so low that we won't have to cart away a single load of our excavation. If we can only get a right-of-way through that natural approach to the northeast--"

"I think I can guarantee a right-of-way," interrupted Bobby, smiling, with his mind upon the city council which had been created by his own efforts.

"All right," said Shepherd. "We'll talk price until I have browbeaten you as low as you will go. Then I'll prepare a plat of the place and send it on to headquarters. You'll have an answer from them in three days."

As they whirred away Bobby's eyes happened to rest upon a young man and a young woman rowing idly down-stream in a skiff, and he smiled as he recognized Biff Bates and Nellie Platt.