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 should pay at once to the government five years' royalties on the estimated output of the mine.

Mr. Gould, senior, defended himself from this fatal favor with many arguments and entreaties, but without success. He knew nothing of mining; he had no means to put his concession on the European market; the mine as a working concern did not exist. The buildings had been burned down, the mining plant had been destroyed, the mining population had disappeared from the neighborhood years and years ago; the very road had vanished under a flood of tropical vegetation as effectually as if swallowed by the sea; and the main gallery had fallen in within a hundred yards from the entrance. It was no longer an abandoned mine; it was a wild, inaccessible and rocky gorge of the Sierra, where vestiges of charred timber, some heaps of smashed bricks, and a few shapeless pieces of rusty iron could have been found under the matted mass of thorny creepers covering the ground. Mr. Gould, senior, did not desire the perpetual possession of that desolate locality; in fact, the mere vision of it arising before his mind in the still watches of the night had the power to exasperate him into hours of hot and agitated insomnia.

It so happened, however, that the Finance Minister of the time was a man to whom, in years gone by, Mr. Gould had, unfortunately, declined to grant some small pecuniary assistance, basing his refusal on the ground that the applicant was a notorious gambler and cheat, besides being more than half suspected of a robbery with violence on a wealthy ranchero in a remote country district, where he was actually exercis-