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as professor of--well, of Common Sense, by jiminy!" XX Bob managed to lose some money in his two years of apprenticeship. That is to say, the net income from the small operations under his charge was somewhat less than it would have been under Welton's supervision. Even at that, the balance sheet showed a profit. This was probably due more to the perfection of the organization than to any great ability on Bob's part. Nevertheless, he exercised a real control over the firm's destinies, and in one or two instances of sudden crisis threw its energies definitely into channels of his own choosing. Especially was this true in dealing with the riverman's arch-enemy, the mossback. The mossback follows the axe. When the timber is cut, naturally the land remains. Either the company must pay taxes on it, sell it, or allow it to revert to the state. It may be very good land, but it is encumbered with old slashing, probably much of it needs drainage, a stubborn second-growth of scrub oak or red willows has already usurped the soil, and above all it is isolated. Far from the cities, far from the railroad, far even from the crossroad's general store, it is further cut off by the necessity of traversing atrocious and--in the wet season--bottomless roads to even the nearest neighbour. Naturally, then, in seeking purchasers for this cut-over land, the Company must address itself to a certain limited class. For, if a man has money, he will buy him a cleared farm in a settled country. The mossback pays in pennies and gives a mortgage. Then he addresses himself to clearing the land. It follows that he is poverty-stricken, lives frugally and is very tenacious of what property rights he may be able to coax or wring from a hard wilderness. He dwells in a shack, works in a swamp, and sees no farther than the rail fence he has split out to surround his farm. Thus, while he possesses many of the sturdy pioneer virtues, he becomes by necessity the direct antithesis to the riverman. The purchase of a bit of harness, a vehicle, a necessary tool or implement is a matter of close economy, long figuring, and much work. Interest on the mortgage must be paid. And what can a backwoods farm produce worth money? And where can it find a market? Very little; and very far. A man must "play close to his chest" in order to accomplish that plain, primary, simple duty of making both ends meet. The extreme of this virtue means a defect, of course; i
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