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when I cash in my winnings, I don't want to find any widows' and orphans' chips in my stack."

The grass-grown globe was the green table on which Keogh gambled. The games he played were of his own invention. He was no grubber after the diffident dollar. Nor did he care to follow it with horn and hounds. Rather he loved to coax it with egregious and brilliant flies from its habitat in the waters of strange streams. Yet Keogh was a business man; and his schemes, in spite of their singularity, were as solidly set as the plans of a building contractor. In Arthur's time Sir William Keogh would have been a Knight of the Round Table. In these modern days he rides abroad, seeking the Graft instead of the Grail.

Three days after Johnny's departure, two small schooners appeared off Coralio. After some delay a boat put off from one of them, and brought a sunburned young man ashore. This young man had a shrewd and calculating eye; and he gazed with amazement at the strange things that he saw. He found on the beach some one who directed him to the consul's office; and thither he made his way at a nervous gait.

Keogh was sprawled in the official chair, drawing

caricatures of his Uncle's head on an official pad of paper. He looked up at his visitor.

"Where's Johnny Atwood?" inquired the sunburned young man, in a business tone.

"Gone," said Keogh, working carefully at Uncle Sam's necktie.

"That's just like him," remarked the nut-brown one, leaning against the table. "He always was a fellow to gallivant around instead of 'tending to business. Will he be in soon?"

"Don't think so," said Keogh, after a fair amount of deliberation.

"I s'pose he's out at some of his tomfoolery," conjectured the visitor, in a tone of virtuous conviction. "Johnny never would stick to anything long enough to succeed. I wonder how he manages to run his business here, and never be 'round to look after it.” "I'm looking after the business just now," admitted the pro tem, consul.

"Are you then, say!—where's the factory?" "What factory?" asked Keogh, with a mildly polite interest.

"Why, the factory where they use them cockleburrs. Lord knows what they use 'em for, anyway! I've got the basements of both them ships out there loaded with 'em. I'll give you a bargain in this lot.

I've had every man, woman and child around Dalesburg that wasn't busy pickin' 'em for a month. I hired these ships to bring 'em over. Everybody thought I was crazy. Now, you can have this lot for fifteen cents a pound, delivered on land. And if you want more I guess old Alabam' can come up to the demand. Johnny told me when he left home that if he struck anything down here that there was any money in he'd let me in on it. Shall I drive the ships

in and hitch?"

A look of supreme, almost incredulous, delight dawned in Keogh's ruddy countenance. He dropped his pencil. His eyes turned upon the sunburned young man with joy in them mingled with fear lest his ecstasy should prove a dream.

"For God's sake, tell me," said Keogh, earnestly, "are you Dink Pawson?"

"My name is Pinkney Dawson," said the cornerer of the cockleburr market.

Billy Keogh slid rapturously and gently from his chair to his favourite strip of matting on the floor.

There were not many sounds in Coralio on that sultry afternoon. Among those that were may be mentioned a noise of enraptured and unrighteous laughter from a prostrate Irish-American, while a sunburned young man, with a shrewd eye, looked on

him with wonder and amazement. Also the "tramp, tramp, tramp" of many well-shod feet in the streets outside. Also the lonesome wash of the waves that beat along the historic shores of the Spanish Main.

XIV

MASTERS OF ARTS

A TWO-INCH stub of a blue pencil was the wand with which Keogh performed. the preliminary acts of his magic. So, with this he covered paper with diagrams and figures while he waited for the United States of America to send down to Coralio a successor to Atwood, resigned.

The new scheme that his mind had conceived, his stout heart indorsed, and his blue pencil corroborated, was laid around the characteristics and human frailties of the new president of Anchuria. These characteristics, and the situation out of which Keogh hoped to wrest a golden tribute, deserve chronicling contributive to the clear order of events.

President Losada - - many called him Dictator was a man whose genius would have made him conspicuous even among Anglo-Saxons, had not that genius been intermixed with other traits that were petty and subversive. He had some of the lofty patriotism of Washington (the man he most admired),

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