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"Why?" she went on a moment later. "Well, if you must have it, I shan't be able to last out this summer unless a stroke of luck falls to my share." "Financially?" "Financially." "Lablache?" "Lablache and the Calford Trust Co." "The same thing," with conviction. "Exactly the same thing." "And you stand?"

Would his persecution drive Lablache from Foss River to the security of Calford, Where he would be able to follow him and still further prosecute his inexorable vengeance? Or would he still choose to remain? He knew Lablache to be a strong man, but he also knew, by the money-lender's sudden determination to force Jacky into marriage with him, that he had received a scare.

It is an unusual one, I admit, but," with a meaning smile, "I rather fancy that the Calford Loan Co. might be induced to see the advantage, to them, of delaying action." The object of this early morning visit was about to be made apparent. Bill returned to his position at the desk and lit another cigarette. The suave manner of his unwelcome guest was dangerous. He was prepared.

The horses were almost hidden from his view. They were descending a steep gradient and they now knew that they were upon Trout Creek. At the creek Bill pulled up. It was the first stop since leaving Calford. Jacky and he jumped down. Each knew what the other was about to do without speaking.

The weather-beaten old face was working nervously. The eyes, in the past keen and direct in their glance, were bloodshot and troubled. He looked like a man who was fast breaking up. Very different from the night when we first met him at the Calford Polo Club ball. There could be no doubt as to the origin of this swift change. The whole atmosphere of the man spoke of drink.

You can trust me to part liberally if you've anything worth telling, but mind this, you don't get anything beforehand, and if you don't tell us all you know, in you go to Calford and a diet of skilly'll be your lot for some time to come." The man's face lowered considerably at this. He knew Horrocks well, and was perfectly aware that he would be as good as his word.

Weather permitting, those beautiful "blacks" would do the distance in under three hours. The sleigh bells jangled musically in response to the high steps of the horses as they sped over the hard, snow-covered trail. They were climbing the long slope which was to take them out of the valley wherein was Calford situate.

"Now see, when Jacky comes in you shall hear what she has to say." "Poker" John smiled with satisfaction at his own 'cuteness. He felt that he had outwitted the astute usurer. His simplicity, however, was of an infantile order. "That would be useless." Lablache did not want to be confronted with Jacky. "My mind is quite made up. The Calford Trust will begin proceedings at once, unless "

She was dressed for the saddle. "Where is Dawson now?" asked Bill. "Calford. Guess he'll wait right there for uncle." Suddenly a look of relief passed across the man's face. "This is Wednesday. At six o'clock the mail-cart goes back to town. Send some one down to the saloon at once, and John will be able to go in to-night."

"Merely a pleasant little business arrangement which should meet all parties' requirements," he said easily. "At present you are paying a ten per cent, interest on a principal of thirty-five thousand dollars to the Calford Loan Co. A debt of twenty thousand to me includes an amount of interest which represents ten per cent, interest for ten years.