But Emerson was not concerned about his destiny just then, nor for the dangerous enmity of Marsh. He was following another train of thought. "And so Balt knows this business from the inside out?" he said. "Thoroughly; every dip, angle, and spur of it, so to speak. He's practical and he's honest, in addition to which his trap-site is the key to the whole situation. You see, the salmon run in regular definite courses, year after year, just as if they were following a beaten track. At certain places these courses come close to the shore where conditions make it possible to drive piling and build traps which intercept them by the million. One trap will do the work of an army of fishermen with nets in deep water. It is to get this property for himself that Marsh has persecuted George so unflaggingly." "Would he join us in such an enterprise, with five chances to one against success?" "Would he!" Cherry laughed. "Wait and see." They had reached their destination--the mouth of a deep creek, up which Cherry turned her dogs. Emerson leaped from the sled, and, running forward, seized the leader, guiding it into a clump of spruce, among the boles of which he tangled the harness, for this team was like a pack of wolves, ravenous for travel and intolerant of the leash. Together they ascended the bank and surveyed the surroundings, Cherry expatiating upon every feature with the fervor of a land agent bent on weaving his spell about a prospective buyer. And in truth she had chosen well, for the conditions seemed ideal. "It all sounds wonderfully attractive and feasible," said Boyd, at last; "but we must weigh the overwhelming odds against success. First, of course, is the question of capital. I have a little property of my own which I can convert. But two hundred thousand dollars! That's a tremendous sum to raise, even for a fellow with a circle of wealthy friends. Second, there's the question of time. It's now early December, and I'd have to be back here by the first of May. Third, could I run the plant and make it succeed? It must be a wonderfully technical business, and I am utterly ignorant of every phase of it. Then, too, there are a thousand other difficulties, such as getting machinery out here in time, hiring Chinese labor, chartering a ship, placing the output--" "George Balt has done all that many times, and knows everything about it," Cherry interrupted, with decision. "Every difficulty can be met when the time comes. What other people have done, you ought to be able to do." But he was not to be won by flattery. Youth that he was, he already knew the vanity of human hopes, and it was his nature to look at all sides of a question before answering it finally. "The slightest error of judgment would mean failure and ruin," he reflected, "for this country isn't like any other. It is cut off from the rest of the world, and there's no time to go back and pick up."