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"It's a false boom," he said; "the men don't understand. Look at the price of tin in this morning's paper. able75 a ton. A ten-pound drop in under two months. The speculators will clear out of it before a very few months are over, and the mines will close."

"But there's God's quantity of tin still in the ground," protested Hal, "and copper too, if it was only worked. I heard one of the fellows talking about it the other day."

"It will be worked just as long as it pays the company to do so," said the Rector, "and after that it will remain untouched where Nature planted it in the first place."

April… May… June… July… and nearly five months had passed since the mines had changed hands. The third week in July the new senior engineer, working under contract to the London company, told Mr. Griffiths that he had been sent for by the director to report.

"If they want me to carry on through the summer," he told the manager, "I shan't be able to do it without complete new fittings to the main pumps, and between you and me I don't for a moment think they will stand the expense. I rather suspect this is the last I see of Doonhaven."

He left two days later, taking his staff of three with him. A new rumour began to circulate that the present machinery was to be scrapped and new engines shipped across the water from Bronsea. This was followed by a further rumour that the wages of the miners were to be raised again. One or two of the men asked Hal if he had any private information.

"I'm sorry," said Hal. "I know no more than you do; but with tin at its present low level I hardly think the company will raise wages any higher. Have you seen today's paper? Tin's down to able64 a ton."

He was climbing into the trap, preparatory to driving home. One of the men, Jim Donovan, stood with his hand on the rein.

"Is that why Mr. Henry Brodrick sold the mines, then?" he said.

"My father does not write to me," he said, "but I think it's pretty obvious why he sold them."

"He had the large price for them, I'll be bound," said Donovan, nudging his companion. "He won't suffer from the fall in price, who-ever else does."

"That's what they call a sound business sense, Jim, in financial circles," said Hal, driving away.

The men stared after him, muttering amongst themselves.

They did not believe a word he told them, of course, thought Hal. They imagined that as the son of the original owner he must know much more than he chose to say. Old Griffiths began to look preoccupied and worried.

On the twenty-fourth of the month the manager went to Slane, and sent word back by the boy who drove him that business would keep him in the city for two or three days. In the harbour at Doonhaven one of the ships belonging to the company was due to sail with her cargo for Bronsea. Hal had occasion to go on board and give some instructions to the skipper. He knew the man well, he had been master of the vessel since his grandfather's day, "Is it true, sir, what they were telling me in Bronsea before I left?" asked the skipper.

"What's that, Captain Davis?" said Hal.

"Why, that the Lucy-Ann is the last ship to carry tin back to Bronsea?"

Hal put down the glass of rum that the skipper had poured out for him.

"I think they were pulling your leg in Bronsea," he said quietly.

"I don't know, sir; it wasn't just idle dock-yard chatter. It was one of the agents from the smelting works. "Next load will be your last, Davis," he said to me. "The Doonhaven mines are going to close down." I haven't heard a word of it this end. The talk here is all for another change of owners again, and a fortune for every man-jack in the place."

"The truth is probably somewhere between the two," said Hal.

"I've been on this trade for fifty years," said the skipper. "Came first as a youngster aboard my father's ship the Henrietta, as a lad of twelve.

I can remember your great-grandfather-old Copper John, they used to call him-with his shovel hat and his cudgel stick, coming down here to the harbour to inspect the cargo. No Plimsol mark for him. Down to the scuppers with the copper, and the decks awash, and off to Bronsea on the tide, fair wind or foul. Well, that's a long time back now. It will seem strange to come no more to Mundy Bay of an evening, and see the lights of the garrison on Doon Island winking at me across the water."

"Let's try some more of your excellent rum," smiled Hal, "and drink to the past. It never does to think about the future."

Next morning when he drove up to the mine he found the road blocked with men, all standing about talking excitedly, women and children amongst them. Some of the men were grinning, and shouting jokes one to the other, the remainder looked bewildered, and were going from group to group gesticulating, asking questions.

The dressing-shed doors were wide open, no one was at work inside them. One of the firemen leant from the boiler-house, a pipe in his mouth. The biggest crowd was gathered round the shaft, where the shift below had just come above ground, and was being seized upon by the surface-workers.

"What about that three-shilling rise?" yelled someone, and an answering roar came from the crowd of men.

"What's happened?" said Hal, to a group of men gathered at the counting-house door.

"Work's suspended," said one. "Look at the notice there on the door. We're all to be paid off… We don't any of us understand. What's wrong, Mr. Brodrick? There's plenty of stuff below ground."

Hal did not answer. He went into the counting-house. Mr. Griffiths was standing in the middle of the room. He had not taken off his coat or his hat. He was surrounded by a little group of skilled workers and engineers, who were plying him with questions. His face was white and drawn.

"It's no use asking me," he said. "I can't do anything. I have my orders, just like the rest of you.

I shall draw my salary today for the last time. It's not my fault, it's not anyone's fault. The notices came through to the offices in Slane, and were handed on to me. What machinery there is has been bought by a firm in Slane, and will be sold as scrap, I suppose. I tell you I don't know."

"What about the stuff in the lodes," asked one of the men, "where we've been working? There's pounds of it there, not yet brought to the surface."

"It will have to stay," said the manager, "the company aren't paying for any more work. That's what was told me in Slane. Every man employed here is to be paid off today. If the firm who have bought up the machinery care to employ any of you in the clearance, no doubt they will do so. My orders don't give me any authority. I tell you it's nobody's fault.

You must blame the fall in the price of tin, that's all."

He withdrew into the inner room. Hal followed him, and found him standing before the desk, turning over papers and documents in a hopeless, resigned fashion.

"What can I do?" he said to Hal. "It's almost as big a shock to me as it is to them. It's true I've put by, my wife is a careful manager, and we've got a small property in the north where we can go and retire. But I didn't expect it so suddenly. And look at all the clearing that has to be done, files going back seventy-five years, all to be checked and sorted, some of them burnt, the rest taken into Slane. But it's the men, and the women and children, who are going to suffer, Mr. Brodrick.

They don't put aside for a rainy day. And they've been spending more freely of late, ever since they got that rise of pay. If it had come gradually they might have understood, but coming suddenly as it has done, they're going to take it hard.".

They were grim hours that followed, when Hal, for the last time, sat beside Mr. Griffiths in the counting-house and gave the men their pay. The tramp of feet had never sounded so ominous, so heavy, and each man as he stepped forward to receive his money asked the same question. "Why had it happened?"