Westward with the Prince of Wales

He initiated the habit of taking rock from Bell Island for ballast, and for years shipmasters loaded it up, to dump it overboard with just as much unconcern when they took their cargo inboard. It was some time before an inquiring mind saw something to attract it in the rock ballast; the rock was analyzed and found to contain iron.

Turned into a profiteer by this astonishing discovery, the owner of the ground where the slabs were found clung tenaciously to his holding until he had forced the price up to the incredible figure of 100 dollars. He sold with the joyous satisfaction of a man making a shrewd deal.

His ground has changed hands several times since, and the prices paid have advanced somewhat on his optimistic figure; for example, the present company bought it for two million dollars.

The ore is not high grade, but is easily obtained, and so can be handled profitably. In the b