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 to help at the muster, whether it would not be easy to transmit his share of the profits to a friend in England, who had an interest—as a sleeping partner—in the station.

The man whom he addressed smiled inwardly, and sardonically replied, "Very easy." We thought this a good joke when it was handed over to us a week after. But Mr. Gottreaux was right, and we were all wrong, proving how difficult it was to decide in such matters unless all the factors of the sum are in view. In the first place, the new proprietor was a man of brains and method, culture and knowledge of the world. He did not scurry about in the camp on the stock-horse of the period—it was not his métier; but he paid and controlled a good stock-rider who did. He lived comfortably, preferring, reasonably, to dine at ease after the business of the day was concluded. But he kept his accounts correctly, and provided that the balance should be on the right side. The seasons were favourable; they are rarely otherwise in the pleasant west country, to the green pastures of which fate had guided the "bold Uhlan." And then—trump card of all—the Gold Magician played shortly afterwards, lie threw down an ace—waved his wand. The cattle which our friend purchased at £2, with right of run added, became worth £10 per head. So he had profits to remit to his partner after all, by no means of small annual amount either.

Terenallum was in early days the property of Messrs. Lang and Elms, who considered it a fairly paying sheep run, though bare of timber and rather desolate of aspect. Disadvantageously for the firm,