At the meeting of share-holders of the British-American Coal and Lumber Company, held in Bay City, the feeling uppermost in the minds of those present was one of wrath and indignation at Colonel Thorp, for he still clung to the idea that it would be unwise to wind up the British Columbia end of the business. The colonel's speech in reply was a triumph of diplomacy. He began by giving a detailed and graphic account of his trip through the province, lighting up the narrative with incidents of adventure, both tragic and comic, to such good purpose that before he had finished his hearers had forgotten all their anger. Then he told of what he had seen of Ranald's work, emphasizing the largeness of the results he had obtained with his very imperfect equipment. He spoke of the high place their manager held in the esteem of the community as witness his visit to Ottawa as representative, and lastly he touched upon his work for the men by means of the libraries and reading-room. Here he was interrupted by an impatient exclamation on the part of one of the share-holders. The colonel paused, and fastening his eye upon the impatient share-holder, he said, in tones cool and deliberate: “A gentleman says, 'Nonsense!' I confess that before my visit to the West I should have said the same, but I want to say right here and now, that I have come to the opinion that it pays to look after your men--soul, mind, and body. You'll cut more lumber, get better contracts, and increase your dividends. There ain't no manner of doubt about that. Now,” concluded the colonel, “you may still want to close up that business, but before you do so, I want you to hear Mr. Macdonald.” After some hesitation, Ranald was allowed to speak for a few minutes. He began by expressing his amazement that there should be any thought on the part of the company of withdrawing from the province at the very time when other firms were seeking to find entrance. He acknowledged that the result for the last years did not warrant any great confidence in the future of their business, but a brighter day had dawned, the railroad was coming, and he had in his pocket three contracts that it would require the company's whole force for six months to fulfill, and these contracts would be concluded the day the first rail was laid. “And when will that be?” interrupted a shareholder, scornfully. “I have every assurance,” said Ranald, quietly, “from the premier himself, that the building of the railroad will be started this fall.” “Did Sir John A. MacDonald give you a definite promise?” asked the man, in surprise. “Not exactly a promise,” said Ranald. A chorus of scornful “Ohs” greeted this admission. “But the premier assured me that all his influence would be thrown in favor of immediate construction.” “For my part,” replied the share-holder, “I place not the slightest confidence in any such promise as that.”