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He told of the scheme of Martin Leland and Sledge Hume, for Garth Conway had dropped an incautious word and the shrewd brain of Ettinger had worked out the puzzle.

Ettinger had, also, some money in the bank. How much it was not his cautious way to say until he was obliged to. How much would Shandon say his ranch was worth? Shandon did not know, but hazarded the guess that it might bring twenty-five dollars an acre.

Ettinger had said it: the two of them could make Leland and Hume eat out of their hands! They could get Norfolk and the little fellows; they could tear out the side of the ridge, release what waters they chose, make their ditches, and by improving only their own property make Leland's and Hume's holdings worth nothing. Leland had started it; Leland's unreasonable censure had been a challenge.

"It's all right, Ettinger. All but the water! And since the water is the whole thing, and I don't see where you're going to get it " "Wait a minute!" cried Ettinger, his eager hand clutching at Shandon's arm. "I tell you I'd a sold that ranch for twenty-five dollars an acre six months ago an' been damn' glad to git out at that. An' right now I could sell for a hundred an' fifty the acre!

Whereupon, when alone with his big book and a fresh cigar, Willie Dart soliloquised as follows: "He's up against a good many things, poor old Red is. He's as bad in love with Wanda as she is with him. Her old man is soured on Red and is making the toboggan slide all bumpy. Then there's some sort of trouble with Ettinger. There's a deal on somewhere I ain't wise to, and Red ain't in on it.

"Other men are not Sledge Hume. But that is your end of it. I am going to tie up Ruf Ettinger and any other stragglers I can get my hands on. If you can get back the property we'll take you in. We'll form a company, we'll pool our interests. We'll force these other fellows to sell to us at our own figure, by the Lord! I've got the water!"

Old Leland was the keenest business man in the county, was he? Well, Ettinger had fooled him! Ettinger had blinded him with a promise to sell next week for seventy-five thousand. By that time, when Leland came to him "What's all this?" frowned Shandon. "You say that Leland, Conway and Hume are already at work, planning to put water from the Bar L-M into Dry Valley?" "Already?" cried Ettinger.

Shandon looked at him with a sober, thoughtful frown, and seemed in no way hilariously impressed with Mr. Dart's glad tidings. Already the latter had been at the Bar L-M several days. During this time Shandon had not seen Wanda; he had come close to blows with Ruf Ettinger; he had been variously and grievously annoyed by Mr.

"I am afraid that I have been naughty, Wayne," she whispered. "No, I'll tell you some other time. Tell me about her." He told her Helga's vague plan, showed her the chance for him with Ettinger, Norfolk and the stragglers lined up with him. "I love you, Wanda," he said suddenly at the end. "So much that what you want done is the thing that I must do.

"I'm with you," he said crisply. "I'll see Ruf Ettinger myself to-morrow." Her eyes which had been frowning during Dart's latest attempt to be entertaining, grew suddenly brilliant, her cheeks flushed happily.