"Perhaps it will. I don't blame you for buying as low as you can. That's business, Warden. I heard through Lew Brainard, of the Two Diamond, that owners in the South Basin, over at Shotwell, were offered forty just before the round-up. I was kicking myself for making that agreement with Lefingwell at thirty. But I intended to keep my word with him. But I feel mighty free, now, to sell where I can get the market price."

"Twenty-five is the market price," said Warden. "Just before the round-up there was some nervousness, it is true; and some buyers were offering forty—and they contracted for some at that price. But that was before we made—" He hesitated, reddened, and then went on quickly, plainly embarrassed, endeavoring to conceal his embarrassment by lighting a cigar.

"It was before the market broke," he went on. "The market is glutted. The West raised more cattle this season than ever before. There is no demand and the price had to tumble. A good many cattle owners will be glad to take twenty, and even fifteen, before long."

"But if there are no cars?" smiled Lawler.

Again he saw Warden's face redden.

"A shortage of cars would mean a shortage of cattle in the East, I reckon," went on Lawler. "And a shortage of cattle would mean higher prices for those that got through. But I'm not arguing—nor am I accepting twenty-five for my cattle. I reckon I'll have to ship my stock East."

"Well, I wish you luck," said Warden.

He turned his back to Lawler, bending over his desk.

Something in his voice—a hint of mockery tempered with rage—brought Lawler to a pause as he crossed the threshold of the doorway. He turned and looked back at Warden, puzzled, for it seemed to him that Warden was defying him; and he seemed to feel the atmosphere of complacence that surrounded the man. His manner hinted of secret knowledge—strongly; it gave Lawler an impression of something stealthy, clandestine. Warden's business methods were not like Lefingwell's. Lefingwell had been bluff, frank, and sincere; there was something in Warden's manner that seemed to exude craft and guile. The contrast between the two men was sharp, acute, startling; and Lawler descended the stairs feeling that he had just been in contact with something that crept instead of walking upright like a man.

A recollection of the woman he had met at the foot of the stairs came to Lawler as he descended, and thought of her did much to erase the impression he had gained of Warden. He grinned, thinking of how he had caught her watching him as he had mounted the stairs. And then he reddened as he realized that he would not have known she was watching him had he not turned to look back at her.