Chapter I.

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"I heard you were in town," Breck said hurriedly, as they shook hands. "Been looking for you for half an hour. Come outside, I want to talk with you."

Smoke looked regretfully at the roaring, red-hot stove.

"Won't this do?"

"No; it's important. Come outside."

As they emerged, Smoke drew off one mitten, lighted a match, and glanced at the thermometer that hung beside the door. He re-mittened his naked hand hastily as if the frost had burnt him. Overhead arched the flaming aurora borealis, while from all Dawson arose the mournful howling of thousands of wolf-dogs.

"What did it say?" Breck asked.

"Sixty below." Kit spat experimentally, and the spittle crackled in the air. "And the thermometer is certainly working. It's falling all the time. An hour ago it was only fifty-two. Don't tell me it's a stampede."

"It is," Breck whispered back cautiously, casting anxious eyes about in fear of some other listener. "You know Squaw Creek?--empties in on the other side the Yukon thirty miles up?"

"Nothing doing there," was Smoke's judgment. "It was prospected years ago."

"So were all the other rich creeks. Listen! It's big. Only eight to twenty feet to bedrock. There won't be a claim that don't run to half a million. It's a dead secret. Two or three of my close friends let me in on it. I told my wife right away that I was going to find you before I started. Now, so long. My pack's hidden down the bank. In fact, when they told me, they made me promise not to pull out until Dawson was asleep. You know what it means if you're seen with a stampeding outfit. Get your partner and follow. You ought to stake fourth or fifth claim from Discovery. Don't forget-- Squaw Creek. It's the third after you pass Swede Creek."