reassuring note in the "musquash talk" to-day is sounded when the subject of candles is reached. The Governor and committee in London still pursue their deliberations by candlelight. But rebellion against their fate is idle, and it is of no avail for the old factors to make the point that Sir Donald found no greater trouble in reading their writing than they encountered when one of his missives had to be deciphered by them. The truth is that the tide of immigration which their ancient monopoly first shunted into the United States is now sweeping over their vast territory, and altering more than its face. Not only are the factors aware that the new rule confining them to share in the profits of the fur trade leaves to the mere stockholders far greater returns from land sales and storekeeping, but a great many of them now find village life around their old forts, and railroads close at hand, and Law setting up its officers at their doors, so that in a great part of the territory the romance of the old life, and their authority as well, has fled. [Illustration: TALKING MUSQUASH] Less than four years ago I had passed by Qu'Appelle without visiting it, but last summer I resolved not to make the mistake again, for it was the last stockaded fort that could be studied without a tiresome and costly journey into the far north. It is on the Fishing Lakes, just beyond Manitoba. But on my way a Hudson Bay officer told me that they had just taken down the stockade in the spring, and that he did not know of a remaining "palisadoe" in all the company's system except one, which, curiously enough, had just been ordered to be put up around Fort Hazleton, on the Skeena River, in northern British Columbia, where some turbulent Indians have been very troublesome, and where whatever civilization there may be in Saturn seems nearer than our own. This one example of the survival of original conditions is far more eloquent of their endurance than the thoughtless reader would imagine. It is true that there has come a tremendous change in the status and spirit of the company. It is true that its officers are but newly bending to external authority, and that settlers have poured into the south with such demands for food, clothes, tools, and weapons as to create within the old corporation one of the largest of shopkeeping companies. Yet to-day, as two centuries ago, the Hudson Bay Company remains the greatest fur-trading association that exists.