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Updated: June 15, 2025
He jogged away, while Panchito, satisfied that he had performed throughout the day like a perfect gentleman, bent his head and rubbed his forehead against Kay's cheek, seeking some evidence of growing popularity with the girl. To his profound satisfaction she scratched him under the jawbone and murmured audibly: "Never mind, old dear. Some day you'll be my Panchito.
"Old settler, you're buying Panchito and you're paying a heavier price than you realize, only, like the overcoat in the traveling salesman's expense account, the item isn't apparent. I'm going to sell you a dam, the entire Agua Caliente Basin and watershed riparian rights, a site for a power station and a right of way for power transmission lines over my ranch.
"Kay, you tomboy, do not jump that gate again! Suppose that horse should stumble and throw you." "Nonsense, mother. That's mere old hop-Scotch for Panchito. One doesn't get a jumping-jack to ride every day, and all I've ever done has been to pussyfoot through Central Park." "Do you mean to tell me you've never taken a hurdle before?" Don Mike was scandalized. She nodded.
"What news, Don Miguel?" Pablo ventured presently. "We will win, Pablo." "Valgame dios! I will wager my fortune on Panchito. Here it is, Don Miguel one hundred and eighty dollars. I know not the ways of these Gringo races, but if the stakeholder be an honest man and known personally to you, I will be your debtor forever if you will graciously consent to attend to this detail for me."
Panchito wins by half a length at the three-quarter pole " "I wish Kay would pull him up," Farrel complained. "He's gone too far already and there she is still heading for home like the devil beating tan-bark . . . well, if she breaks him down she's going to be out the grandest saddle animal in the state of California. That's all I have to say. . . . Kay, Kay, girl, what's the matter with you?
Five minutes later, when he came round the north corner of the old hacienda, his hounds frisking before him, he met Kay riding to meet him on Panchito, but the gray gelding was not in sight. The girl was excited. "Where is my mount, Miss Parker?" he demanded. "Just as I rode up in front, a man came out of the patio, and started that automobile hurriedly.
He was riding Panchito and his outfit was the last word in Mexican magnificence. His saddle had cost him not a real less than five hundred dollars gold; his silver spurs could have been pawned in any Tia Juana loan office for twenty-five dollars and many a longing glance was cast on a magnificent bridle that would have cost any bricklayer a month's pay.
Instantly he charged, spitting and open-mouthed, and, for some unknown reason, Farrel led the screaming fury straight toward Kay and Panchito. The cat realized this, also, for suddenly he decided that Panchito offered the best opportunity to vent his rage, and changed his course accordingly.
Half a mile beyond the mission they came upon Don Mike and his father's enemy. In the first mile, the latter had ridden the gray out; spent, gasping, the gallant animal was proceeding at a leg-weary, lumbering gallop when Miguel Farrel, following on Panchito at half that gallant animal's speed, came up with Loustalot.
About all I own in this world is this old uniform and Panchito and I'm getting home just in time to prevent my father from selling him at auction for the benefit of my estate. And since I'm going to chuck this uniform to-morrow and give Panchito away the day after by the gods of War, that girl gave me a fright when she was trying to remember the name of old man Gonzales's ranch!
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