At a quarter past one o'clock the guns pealed forth; and loud as was the noise they made, it seemed trifling compared with the cheers which ran up and down the river from both banks from the throats of the countless thousands of spectators. The announcement of success occasioned almost delirious joy. It seemed as if every person in the vast crowd had an individual interest in the undertaking. The telephone soon announced that at a turn in the river about seven miles from the lake what appeared to be a large pool of fine gold was uncovered. Even as the news became circulated there appeared in the middle of the river right opposite Lady Taieri's stand a faint yellow glow beneath the water. Gradually it grew brighter and brighter, until at length to the eyes of the fascinated beholders there appeared a long, irregular fissure of about twenty-five feet in length by about six or seven in width which appeared to be filled with gold. Some of the company now rushed forward, and, amidst the deafening cheers of the onlookers, dug out into boxes which had been prepared for the purpose shovelsful of gold. Fresh boxes were sent for, but the gold appeared to be inexhaustible. Each box held five thousand ounces; and supposing the gold to be nearly pure, fifty boxes would represent the value of a million sterling. Five hundred boxes were filled, and still the pool opposite Hilda was not emptied, and it was reported two equally rich receptacles were being drained in other parts. Guards of the Volunteer forces were told off to protect the gold until it could be placed in safety. Hilda and Maud were high-minded, generous girls, with nothing of a sordid nature in their composition; but they were human, and what human being could be brought into contact with the evidence of the acquisition of such vast wealth without feelings of quickened, vivid emotion? It is only justice to them to say that their feelings were not in the nature of a sense of personal gratification so much as one of ecstatic pleasure at the visions of the enormous power for good which this wealth would place in their hands. Every one crowded round with congratulations. As Colonel Laurient joined the throng Hilda said to him, "Why should I not equally congratulate you? You share the gold with us." "Do I?" he said, with his inscrutable smile. "I had forgotten." Lord Montreal, with a face in which every vestige of colour was wanting, gravely congratulated Hilda, then, turning to her sister, said in a voice the agitation of which he could not conceal, "No one, Miss Maud, more warmly congratulates you or more fervently wishes you happiness." Before the astonished girl could reply he had left the scene. It may safely be said that Maud now bitterly regretted the success of the works. She understood that Montreal, a poor man, was too proud to owe to any woman enormous wealth. "What can I do with it? How can I get rid of it?" she wailed to Hilda, who in a moment took in the situation.