“Well,” replied McLain, “I give you authority to sell him the Majestic, if you can.  I’ll authorize you to act as my agent.”

“Thank you,” replied Case, “but I’m not anxious to change employers.”

“But,” answered McLain, “I’m not joking.  I will sell anything I have, except my wife and cottage, if I can get my price.”

“What’s your selling price for the Majestic?” laughingly asked the other.

“O, well, let me see—­I suppose forty thousand pounds would buy it.”

“All right,” said Case, as he turned away, “I guess I’ll not change employers this year.”

The Montreal Daily Gazette lay upon Mr. McLain’s breakfast table a few days later.  Mrs. McLain called his attention to it, stating that while awaiting his coming to breakfast she had noticed that the Albermarle was about to be sold to an English capitalist, who proposed to increase its capacity, and make it the largest hotel in the colony.

“Indeed!” said Mr. McLain, sipping his coffee, and he took up the paper to read for himself.

Glancing first at the money market, his eyes next sought for local items, and he read the following article:  “Changes in real estate.  Rumor says that the Albermarle is to change owners.  An English nobleman who is looking for profitable investments is said to be the prospective purchaser.  The capacity of this excellent hostelry, according to the report, is to be greatly increased by the purchase of the two adjoining properties.”

About noon the same day Mr. McLain received a call from Major Bancroft.

“This is a delightful office,” remarked the major, as he lighted a cigar that had been handed him.

“Yes, Major, I had an eye to comfort as well as to business when I built it,” adding in a sort of casual way, “I see by this morning’s paper that you think of becoming a property owner in our city; allow me to congratulate you.”

“Well,” replied the major, “your newspapers are a little too rapid.  I notice that they sometimes get ahead of the hounds.  I’m glad you mentioned the matter.  Might I ask you how much the Albermarle is worth in your opinion?”

“O!” replied Mr. McLain, “it would not be right for me to appraise it, as I own the same kind of property.”

“I see,” replied the major.  “Of course.  What, then, would be a fair selling price for the Majestic?  It seems superior in both locality and capacity.”

“Well,” observed Mr. McLain, “the Majestic has never been put on the market, nor is it today for sale; consequently, I should ask its full value, if I mentioned any price at all.  I would not look at anything less than forty thousand pounds for it.”

“Would you not sell for thirty-five thousand pounds cash?”

Mr. McLain dropped his head slightly, and then suddenly replied:  “No, sir, but I would sell for forty thousand pounds cash, English money.”

“Very well, Mr. McLain, make out the necessary papers, and on one week from today I will pay you forty thousand pounds in Bank of England notes.”