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portmanteau was concealed. Now, light up," she continued, "lean back, and smoke. I'll do the talking. My father, as I've told you, is a very poor business man, and that is why I endeavoured to acquire some knowledge of affairs. He is generous and sympathetic, believing no evil of anyone, consequently he is often imposed upon to his financial disadvantage. Our position as father and daughter is the reverse of what is usual in such relationships. I attempt to guide him in the way he should go, and as a general thing he accepts my advice and acts upon it, but on the occasion of which I speak, I was at work in New York, and knew nothing of the disastrous contract into which he had entered, until it was too late.

"I always come West and spend the vacation on the ranch, and this time brought with me all the money I had saved, but it proved insufficient to cope with the situation. In his early days my father was a mining engineer. He was successful, and might have been a very rich man to-day if---- But that 'if' always intervened. Nevertheless, he accumulated money, and bought this ranch, determined to retire.

"The lower part of the ranch is good grazing ground, but the upper or western part is rocky, rising to the foothills. My father was not a success as a rancher, partly because we are too far from the markets, and partly because he chose as cowboys men who did not understand their business. I told you that my father is a sympathetic man. No one ever appealed to him in vain. He has always been very popular, but it seems to me that his friends are always poorer than himself. Thus it came about that miners who knew him, and were out of work, applied for something to do, and he engaged them as cowboys, until he had half a dozen on his pay roll, and thus began the gradual loss of his money. These men were excellent as miners, but useless as cowboys, and there was no one here to teach them their duties, my father being himself a miner. It seemed, then, a dispensation of Providence that as he rambled over the western part of his property he struck signs of silver. He was not mistaken in his prospecting. He and the cowboys took hilariously to their old trade, and worked away at the rocks until all his money was gone."

"Did they find any real silver?" asked Stranleigh, interested.

"Oh yes, plenty of it," answered the girl. "It is evident they have opened a very rich mine."

"Then where is the difficulty?"

"The difficulty is the want of machinery, which there is no capital to purchase. My father tried to get that capital in this district, but there is very little ready money to be obtained out here. He enlisted the interest of Mr. Ricketts, a lawyer in Bleachers, and reputed the only rich man in the town. Ricketts came to the ranch with a mining engineer, and they examined the opening. Seemingly they were not impressed with the contents, and Ricketts advised my father to go East and form a company.

"My father explained his financial situation, and Ricketts, with apparent generosity, offered to lend him five thousand dollars on his note, to be paid on demand, with the ranch as security. Thus my father put himself entirely in the other's power. Ricketts gave him the address of a lawyer in Chicago, who, he said, would be of assistance to him. The latest word we received from my father is that this lawyer, in one way or another, has got hold of all his money. Father telegraphed to Ricketts for help, which was refused. So he left Chicago on foot, determined to walk home, since he had not even money enough left to pay his fare home. Where he is at present, we have no idea, except that he is making for this ranch.

"Ricketts at once took action to sell the ranch. Apparently he is quite within his legal rights, but there are formalities to be gone through, and one of these is the arrival of the sheriff to seize the property. That arrival the men, headed by Jim, are determined to prevent, and now, perhaps, you understand why you rode into danger when you came from Bleachers this morning.

"When I learnt of my father's predicament, I went out to Bleachers to see Mr. Ricketts, offering him what money I had brought from New York if he would hold his hand for a year. He refused, and from his conversation I realised he was determined to secure the ranch for himself, and I believe the whole transaction is a plot toward that end."

"Then the mine must be a valuable one?"

"I am sure it is; indeed, my father could make no mistake in that matter."

"Well, the position seems very simple after all. What you need, Miss Armstrong, is a change of creditors. You want a creditor who is not in a hurry for his money. In other words, if you could transfer that debt, you would be out of immediate danger. Would you allow me to go into Bleachers to-morrow, and see Mr. Ricketts?"

"Most decidedly not!"

"How much money did you bring with you from New York?"

"Two thousand dollars."

"I brought just twice that amount, so I think the affair may be arranged, and you can go to Ricketts to-morrow, and take up the note. I think perhaps you had better have five thousand five hundred dollars with you, as there will certainly be some interest and expenses to pay, for if the case is as you state it, Ricketts will be reluctant to part with the document. Is there another lawyer in Bleachers?"

"Yes."

"Well, get him to accompany you, and make formal tender of the money."

The girl had reddened while he was speaking, and now she said, in tones of distress--

"I fear you completely misunderstood my object in telling you of my difficulties. My object was not to borrow money, but to explain why Jim Dean shot at you."

"Oh, I understand perfectly why you spoke as frankly as you did, and I am very much obliged to you for doing so, but you must have no diffidence in accepting the money. It is purely a business transaction, and, as you say, you are a business woman. Therefore, as a matter of business, it would be folly to reject an offer that is to our mutual advantage. The security is ample."

"That is true, Mr. Stranleigh, but, you see, I have no power, no authority, to give this ranch as security; it belongs to my father."

"True; but you are not nearly so competent a business woman as you would have me believe. You will receive from Ricketts your father's promissory note. That you will hand to me, then I shall be your debtor for two thousand dollars. Those two thousand dollars I shall pay as soon as I get some money from New York, and your father will become my debtor for five thousand dollars. All perfectly simple, you see. In the first instance I trust you for three thousand dollars, and in the second instance you trust me for two thousand dollars. After I have paid you the two thousand dollars, I hold the note, and can sell you up whenever I please. I give you my word I won't do that, though even if I did you would be no worse off than you are now."

"Very well, Mr. Stranleigh; I will take the money."

It was several days later when Miss Armstrong returned from Bleachers. Her first interest was to satisfy herself of the patient's progress. He had been getting on well.

"You are an admirable physician, Miss Armstrong," he said. "Now let me know whether you are equally capable as a financier."

"I have failed completely," she answered, dejectedly. "Mr. Ricketts has refused the money."

"Did you take the other lawyer with you?"

"Yes."

"What did he say?"

"He said Ricketts had no right to refuse, but a different question has arisen. The guide who accompanied you to the ranch brought back news of the shooting. Ricketts guessed at once why you were shot at, and the sheriff has signed an affidavit, or some such instrument, to show that his life, and his men's lives, are in danger if they go to seize the property, so this complication has been overcome by some order from the legislature, and the personal seizure is waived. The sale is announced to take place in Bleachers two weeks from to-day. Mr. Timmins--that is the other lawyer--fears that Ricketts is within his rights in refusing the money at this stage."

"This is all very interesting, Miss Armstrong, but we have a fortnight to turn round in."

"Yes; that is so."

"I am delighted, for now I shall have the pleasure of trying a fall with the estimable Mr. Ricketts."



VI.--THE BUNK HOUSE PRISONER.



As the wound in his shoulder healed, Stranleigh began to enjoy himself on the ranch. He was experiencing a life entirely new to him, and being always a lover of waving woods and rushing waters, even in the tamed state which England presents, he keenly appreciated these natural beauties in the wilderness, where so-called human improvements had not interfered with them. Without attempting to indulge in the sport for which he had come, he wandered about the ranch a good deal, studying its features, and at the same time developing an appetite that did justice to the excellent meals prepared for him. He visited Jim Dean, who had shot him, and tried to scrape acquaintance with his five aiders and abettors in that drastic act, but they met his advances with suspicion, naturally regarding him as a tenderfoot, nor were they satisfied that his long residence among them was as friendly as he evidently wished it to appear.

The men resided in a huge bunk house, which consisted of one room only, with a shack outside where the cooking was done. In the large room were a dozen bunks; half of them in a very dishevelled state, giving sleeping accommodation for the company, while the other half were ready in case of an accession of help, should the mine prosper.

The cabin was as securely built as a fortress, of the rugged stone which had been blasted from the rocks in opening the mine. The mine itself was situated about five hundred yards to the south of this edifice, but instead of being dug downwards, as Stranleigh expected, it extended westward on the level toward the heart of the mountain, so that a rudely built truck could carry out the debris, and dump it down the steep hill. To his aesthetic fancy this seemed a pity, because a short distance south from the opening of the mine, the river formed a cascade descending a hundred feet or more; a cascade of entrancing beauty, whose loveliness would be more or less destroyed as the mining operations progressed.

The rising sun illumined the tunnel to its final wall, and Stranleigh found no difficulty in exploring it to the remotest corner. He passed the abandoned truck partly turned over beside an assortment of picks, shovels, hand-drills and the like. To his unpractised eye there was no sign of silver on walls, floor or ceiling. At the extreme end was piled up a quantity of what appeared to be huge cartridges.

Before entering the cavern he had noticed three or four of the miners standing in front of the bunk

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