"That is all idle talk, young man," replied Sandgoist. "When my explanation is concluded you will see that however advantageous the transaction may be to me it will be equally so to her. I may also add that it will be equally so to her mother, Dame Hansen, who is personally interested in the matter."

Joel and Hulda exchanged glances. Were they about to learn the secret Dame Hansen had so long concealed from them?

"I do not ask that this ticket shall be sold to me for what Ole Kamp paid for it," continued Sandgoist. "No! Right or wrong, it has certainly acquired an increased financial value, and I am willing to make a sacrifice to become the owner of it."

"You have already been told that Hulda has refused much better offers than yours," replied Joel.

"Indeed!" exclaimed Sandgoist. "Much better offers, you say. How do you know?"

"Whatever your offer may be, my sister refuses it, and I approve of her decision."

"Ah! am I dealing with Joel or Hulda Hansen, pray?"

"My sister and I are one," retorted Joel. "It would be well for you to become satisfied of this fact, as you seem to be ignorant of it."

Sandgoist shrugged his shoulders, but without being at all disconcerted, for like a man who is sure of his arguments, he replied:

"When I spoke of the price I was willing to pay for the ticket, I ought to have told you that I could offer inducements which Hulda Hansen can hardly reject if she takes any interest in the welfare of her family."