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Billy halted and looked up into the threatening sky. His eyes twitched, and he noticed wonderingly that his breath was short and his hand shook on the handle-bar. He dismounted and propped his wheel against the fence; climbed down to the river and sat on a projecting rock, with his feet dangling near the water., Billy organized a real estate syndicate, and sold lots to the Gang, “with or without liability to assessment, as the purchaser prefers.” A Board of Trade was organized to which all promised to defer, except Jimmy, who smiled in disdain. He leased the railroad and did a thriving carrying trade, timber for fencing and warehouses, dirt for filling, and so on; and was fast becoming “the millionaire of the crowd,” when the “Board” met and decided he should cut his tariff in half or leave the syndicate; and as Jimmy was heartily interested in the game, he accepted their decision and no longer smiled at the Board of Trade., Billy felt his head lift a little higher at his mother’s words; felt a new standard of honor and independence leap into being. The house was too small for him. He ran out into the summer evening, down the hill to the big rock that overhangs Runa Creek. The stars were beginning to shine, and he could hear the tinkle of the water below. Bouncer rubbed against him, and Billy hugged him to the peril of the old dog’s breath..