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hundred yards away, with a black jetty and a mound of some sort, quite inky on its unlighted side. But the most conspicuous object was a gigantic blackboard raised on two posts and presenting to Heyst, when the moon got over that side, the white letters "T. B. C. Co." in a row at least two feet high. These were the initials of the Tropical Belt Coal Company, his employers—his late employers, to be precise.

According to the unnatural mysteries of the financial world, the T. B. C. Company's capital having evaporated in the course of two years, the company went into liquidation—forced, I believe, not voluntary. There was nothing forcible in the process, however. It was slow; and while the liquidation—in London and Amsterdam—pursued its languid course, Axel Heyst, styled in the prospectus "manager in the tropics," remained at his post on Samburan, the No. i coaling-station of the company.

And it was not merely a coaling-station. There was a coal-mine there, with an outcrop in the hillside less than five hundred yards from the rickety wharf and the imposing blackboard. The company's object had been to get hold of all the outcrops on tropical islands and exploit them locally. And, Lord knows, there were any amount of outcrops. It was Heyst who had located most of them in this part of the tropical belt during his rather aimless wanderings, and being a ready letter-writer had written pages and pages about them to his friends in Europe. At least, so it was said.

We doubted whether he had any visions of wealth—for himself, at any rate. What he seemed mostly concerned for was the "stride forward," as he expressed it, in the general organisation of the universe, apparently. He was heard by more than a hundred persons in the islands talking of a "great stride forward for these regions." The convinced wave of the hand which accompanied the phrase suggested tropical distances being impelled onward. In connection with the finished courtesy of his manner, it was persuasive, or at any rate silencing—for a time, at least. Nobody cared to argue with him when he talked in this strain. His earnestness could do no harm to anybody. There was no danger of any one taking seriously his dream of tropical coal, so what was the use of hurting his feelings?

Thus reasoned men in reputable business offices where he had his entree as a person who came out East with letters of introduction—and modest letters of credit, toosome years before these coal-outcrops began to crop up in his playfully courteous talk. From the first there was some difficulty in making him out. He was not a traveller. A traveller arrives and departs, goes on somewhere. Heyst did not depart. I met a man once—the manager of the branch of the Oriental Banking Corporation in Malacca—to whom Heyst exclaimed, in no connection with anything in particular (it was in the billiard-room of the club):

"I am enchanted with these islands!"

He shot it out suddenly, d propos des bottes, as the French say, and while chalking his cue. And perhaps it was some sort of enchantment. There are more spells than your commonplace magicians ever dreamed of.

Roughly speaking, a circle with a radius of eight hundred miles drawn round a point in North Borneo was in Heyst's case a magic circle. It just touched Manila, and he had been seen there. It just touched Saigon, and he was likewise seen there once. Perhaps these were his attempts to break out. If so, they were failures. The enchantment must have been an unbreakable one. The manager—the man who heard the exclamation—had been so impressed by the tone, fervour, rapture, what you will, or perhaps by the incongruity of it that he had related the experience to more than one person.

"Queer chap, that Swede," was his only comment; but this is the origin of the name "Enchanted Heyst" which some fellows fastened on our man.

He also had other names. In his early years, long before he got so becomingly bald on the top, he went to present a letter of introduction to Mr. Tesman of Tesman Brothers, a Sourabaya firm—tip-top house. Well, Mr. Tesman was a kindly, benevolent old gentleman. He did not know what to make of that caller. After telling him that they wished to render his stay among the islands as pleasant as possible, and that they were ready to assist him in his plans, and so on, and after receiving Heyst's thanks—you know the usual kind of conversation—he proceeded to query in a slow, paternal tone:

"Are you interested in—?"

"Facts," broke in Heyst in his courtly voice. There's nothing worth knowing but facts. Hard facts I Facts alone, Mr. Tesman."

I don't know if old Tesman agreed with him or not, but he must have spoken about it, because, for a time, our man got the name of "Hard Facts." He had the singular good fortune that his sayings stuck to him and became part of his name. Thereafter he mooned about the Java Sea in some of the Tesman's trading schooners, and then vanished, on board an Arab ship, in the direction of New Guinea. He remained so long in that outlying part of his enchanted circle that he was nearly forgotten before he swam into view again in a native proa full of Goram vagabonds, burnt black by the sun, very lean, his hair much thinned, and a portfolio of sketches under his arm. He showed these willingly, but was very reserved as to anything else. He had had an "amusing time," he said. A man who will go to New Guinea for fun—well!

Later, years afterward, when the last vestiges of youth had gone off his face and all the hair off the top of his head, and his red-gold pair of horizontal moustaches had grown to really noble proportions, a certain disreputable white man fastened upon him an epithet. Putting down with a shaking hand a long glass emptied of its contents—paid for by Heyst—he said, with that deliberate sagacity which no mere water-drinker ever attained:

"Heyst's a puffect g'n'lman. Puffect! But he's a ut-utoutopist."

Heyst had just come out of the place of public refreshment where this pronouncement was voiced. Utopist, eh? Upon my word, the only thing I heard him say which might have had a bearing on the point was his invitation to old McNab himself. Turning with that finished courtesy of attitude, movement, voice, which was his obvious characteristic, he had said with delicate playfulness:

"Come along and quench your thirst with us, Mr. McNab!"

Perhaps that was it. A man who could propose, even playfully, to quench old McNab's thirst must have been an utopist, a pursuer of chimaeras; for of downright irony Heyst was not prodigal. And, may be, this was the reason why he was generally liked. At that epoch in his life, in the fulness of his physical development, of a broad, martial presence, with his bald head and long moustaches, he resembled the portraits of Charles XII of adventurous memory. However, there was no reason to think that Heyst was in any way a fighting man.

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It Was about this time that Heyst became associated with Morrison on terms about which people were in doubt. Some said he was a partner, others said he was a sort of paying guest, but the real truth of the matter was more complex. One day Heyst turned up in Timor. Why in Timor, of all places in the world, no one knows. Well, he was mooning about Delli, that highly pestilential place, possibly in search of some undiscovered facts, when he came in the street upon Morrison, who, in his way, was also an "enchanted" man. When you spoke to Morrison of going home—he was from Dorsetshire—he shuddered. He said it was dark and wet there; that it was like living with your head and shoulders in a moist gunny-bag. That was only his exaggerated style of talking. Morrison was "one of us." He was owner and master of the Capricorn, trading brig, and was understood to be doing well with her, except for the drawback of too much altruism. He was the dearly beloved friend of a quantity of God-forsaken villages up dark creeks and obscure bays, where he traded for "produce." He would often sail through awfully dangerous channels up to some miserable settlement, only to find a very hungry population clamorous for rice, and without so much "produce" between them as would have filled Morrison's suit-case. Amid general rejoicings, he would land the rice all the same, explain to the people that it was an ad

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