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ast of all, have faith in your own country!" Then, with a graceful acknowledgment of the assistance of Semple and the Ontario Government, he sat down. For a moment there was silence, till came applause, moderate at first, as befitted the meeting, but swelling presently into great volume. Louder and deeper it grew while Clark sat still with the least flush on his usually colorless cheek and a keen light in his gray eyes. He had touched them to the quick, touched them not only by his own evident faith and courage, but also by his superlative energy and the inexorable comparison he had made. It was true! Cobalt was nearly lost to them, and now the iron of Algoma had passed into other hands. Old bankers and financiers cast their minds back and were surprised at the number of similar instances they recalled. And here was Clark, the protagonist, Clark the speculator, Clark the wild man from Philadelphia, demonstrating in the cold language to which they were accustomed and which they perfectly understood, that he had done the same thing over again and on a more imposing scale than ever before. The denouement was what he had anticipated and what invariably takes place when men with calculating and professionally critical brains are for the first time profoundly stirred by a supremely magnetic spirit that appeals not to their emotions but to those instincts in which the memory of lost opportunities is effaced by confidence in future success. There was, too, a general feeling that Clark in the past was misunderstood. They had been hard on him. It was strange for men who were daily besought to invest in this or that to be told that their money was not asked for; that, as Clark had put in--the job was nearly done, capital expenditure nearly over and steady returns about to begin. And these returns, they reflected, would go straight out of the country to Philadelphia. All this and much more was moving through their minds when the president moved a vote of thanks which was tumultuously carried, whereupon Clark announced that the private car would leave that night for St. Marys, and that he and Mr. Semple would accompany such visitors as cared to spend a day or two at the works. That afternoon he sent a short letter to his mother. "I have been giving a talk on Toronto--it went quite well," he wrote in closing. "Canadians do not attract, but certainly interest me. There's much underneath that needs work to discover, an
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