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Barnaby was about as well satisfied as he wished to be on this head, when young Jordan arrived in S–. His business there was soon known, and Barnaby saw a chance of getting out of his unpromising speculation. To Jordan he became at once very attentive and polite; and gradually drew from him a full statement of the business that brought him to S–. It did not take a very long time for Barnaby to satisfy him, that, by purchasing his mill and sawing up the heavy timber with which his land was covered, he would make a great deal of money, and double the price of his land at the same time. Figures showed the whole result as plain as daylight, and Jordan saw it written out before him as distinctly as he ever saw in his multiplication table that two and two are four. The fairness of Barnaby he did not think of doubting for an instant. His age, address, intelligence, and asseveration of strict honour in every transaction in life, were enough to win his entire confidence.

Five thousand dollars was the price of the mill. The terms upon which it was offered to Jordan were, three thousand dollars in cash, a thousand in six months, and the balance in twelve months.

Shortly after Jordan arrived in the village, he became acquainted with Mr. Page into whose family, a very pleasant one, he had been introduced by a friend. For the old gentleman he felt a good deal of respect; and although it did not occur to him to consult him in regard to his business, thinking that he understood what he was about very well, yet, if Mr. Page had volunteered a suggestion, he would have listened to it and made it the subject of reflection. In fact, a single seriously expressed doubt as to the safety of the investment he was about making, coming from a man like Mr. Page, would have effectually prevented its being made, for Jordan would not have rested until he understood the very nature and groundwork of the objection. He would then have seen a new statement of figures, heard a new relation of facts and probabilities, and learned that Barnaby was selling at the suggestion of Mr. Page, after being fully convinced of the folly of proceeding another step.

But no warning came. The self-esteem of old Matthew Page, who felt himself to be something of an oracle in S–, was touched, because the young man had not consulted him; and now he might go to the dogs, for all he cared.

The preliminaries of sale were soon arranged. Jordan was as eager to enter upon his money-making as Barnaby was to get rid of his money-losing scheme. Three thousand dollars cash were paid, and notes given for the balance. An overseer, or manager of the whole business to be entered upon, was engaged at five hundred dollars a year; some twenty hands to cut timber, haul it to the mill, and saw it up when there, were hired; and twenty yokes of oxen bought for the purpose of hauling the logs from the woods, a distance of two miles. The price of a dollar a log, which Barnaby expected to pay for timber floated down the river, had been considered so dear a rate as to preclude all hope of profit in the business. The great advantages which Jordan felt that he possessed was in himself owning the timber, which had only to be cut and taken to the mill. He had, strangely enough, forgotten to make a calculation of what each log would cost him to cut and haul two miles. There were the wood-choppers at a dollar a day, the teamsters at seventy-five cents a day, and four pairs of oxen to each log to feed. Eight logs a day he was told that each team would haul, and he believed it. But two or three logs were the utmost that could be accomplished, for in the whole distance there was not a quarter of a mile of good solid road.