That was the beginning of Perranpool's fame. Every year more and more people came to enjoy its sunshine and build sand-castles on its beach. Houses sprang up like mushrooms, most of them badly built, and all of them entirely hideous. A coach service was established between it and the nearest railway station, a company was formed for the purpose of supplying gas at a maximum charge for a minimum candle-power, while another company brought water from a distance, so rich in microbes that the marvel was that anyone drank it and lived. Since then things have further improved. A branch railway has been constructed, and two or three large hotels have been built, a Local Board has been formed, and the rates have been quadrupled. A "Town Band" plays during the season an accompaniment to the song the wild waves sing, and the picturesque sea-front has given place to an asphalted promenade. At the time of which we write, however, the promenade existed only in imagination, and some of the older houses were threatened by the persistently encroaching sea. So a company was formed for the purpose of building a breakwater and a pier, and for the purpose of developing a large tract of land it had acquired along the sea-front, and tenders were invited for the carrying out of certain specified work. None of the tenders, however, were accepted. There was no stone in the neighbourhood fit for the purpose, and to bring granite from the distant quarries meant an expense that was not to be thought of. The directors of the company began to feel sick. The debenture holders were eating up the capital, and the ordinary shareholders were clamouring for a dividend, while the sea threatened to eat up the land. Meanwhile Ralph Penlogan had been looking at a huge heap of gravel and mica and blue clay which had been accumulating during three generations on the side of a hill some two or three miles inland. Every day and all the year round men pushed out small trucks and tipped their contents over the brow of this huge barrow. Every year the great heap extended its base, engulfing hedges and meadows and even plantations. There was no value in this waste whatever. In fact, it involved the company in a loss, for they had to pay for the land it continued to engulf. Anyone who liked to cart away a few loads for the purpose of gravelling his garden-path was at liberty to do so. The company would have been grateful if the whole mass of it could have been carted into the sea. Ralph got a wheelbarrowful of the stuff and experimented with it. Then he wrote to the chairman of the company and asked permission to use some of the waste heap for building purposes--a permission which was at once granted. In fact, the chairman intimated that the more he could use the more he--the chairman--and his co-directors would be pleased.