Of course he knew his father owned the vast tanneries to the west of the town, for that was the reason the Coddingtons lived at Milburn instead of migrating to the near-by city, as had so many of their prosperous neighbors; but beyond the fact that it was the tanneries which indirectly provided him with tennis racquets, skates, bicycles, motor-cars, and spending money Peter knew nothing about them. They were red brick buildings covering a wide area, and from their doors at noon and night hundreds of workmen with lunch-boxes and newspaper bundles poured out into the streets. Peter never spoke of the tanneries. Even when, on the highway, he encountered the heavy carts laden with hides and marked "H. M. Coddington, Leather," he always looked the other way and hurried past as fast as he could. Occasionally in hot weather when the wind was in a certain quarter and brought a faint odor from the beamhouses into the fashionable part of the town where Peter lived their neighbors complained, and the boy always felt with a vague sense of mortification that everybody blamed him and his family for the annoyance. Sometimes this breath of damp, steamy leather even forced itself in at the windows of the Coddington library and mingled shamelessly with the rich hangings and paintings that furnished it. Peter always resented the intrusion. How dare it follow them there! Mr. Coddington, on the other hand, although not reveling in the unpleasant tannery smells, had a sincere respect for the industry which furnished him his living, not only because it enabled him to provide his family with a luxurious home, but also because he regarded it as a life-work that was well worth the doing. Was he not giving to the world a necessity which it could not do without? It was a self-respecting trade. Therefore why should he not feel there was dignity in the long buildings with their whirring wheels, their hundreds of busy workmen, and their ponderous green trucks which, loaded with skins, ever rumbled back and forth through the main street? His pride was the more justifiable since alone, and aided only by his brain and his perseverance, he himself had built up this mighty industry which had become the chief support of the flourishing little New England town. Milburn, in fact, had grown up around the business that he had founded. From the lowest rung of the ladder he had worked his way up to the highest. The climb had been no easy one. On the contrary it had been hard work. How could he help but feel a pride--nay, an affection, even, for the great throbbing world of labor which he had created, and which furnished thousands of people with homes, food and clothing!