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VALLEY OF THE WINDIGO it leaks out to Ottawa that you are trading here, I'm in a pretty mess."

"At Ottawa I am dead man," and Hertel handed the factor a soiled envelope. Campbell took from the envelope two folded sheets of paper. On the first was written:

Campbell was plainly mystified. Then he opened the other note. It was dated at Coocoocache on a letter-head of the Hudson's Bay Company, and ran as follows:

"To any Company man—

"The bearer, François Hertel, has long been a faithful employee of the Company on the Saint Maurice. One night, a year ago, in June, his house on the island at Coocoocache was burned down. At the same time Walker, a railroad contractor with a bad record, was seen paddling from the island to the construction camp. Failing to find the body of Hertel's wife in the ruins, we believed her thrown into the river to cover the crime. Hertel returned and obtaining proof of Walker's guilt, killed him and took to the bush. Last winter Hertel met two of the Government Police, who were on his trail, starving in a blizzard on Grand Lac, and at the risk of arrest