A yell of admiration sounded from all the cowboys; they knew how close had been the danger to pony and rider. Nell gasped in terror and amazement.

"That's the finest bit of riding I've ever seen!" Traynor enthused. "Why, no one but Limber and Peanut could have done it! The steer was almost on his forefeet when the pony jumped. If the horse had missed, or waited an instant, it might have meant a broken neck for both man and horse!"

"It was magnificent!" Powell exclaimed in accents of hearty admiration. "But, I suppose Limber counts it all in the day's work and nothing more."

"That's just it," was the answer from the Boss of the Diamond H. "It's a game of chance each day when you ride the open range."

Limber had succeeded in driving the recalcitrant steer into a band of stock herded away from the other cattle.

"Why did he have to put it there?" Nell motioned with her whip.

"That's the 'stray herd,'" Traynor explained. "You see, Arizona being all open range, cattle mix indiscriminately. Twice a year there is a general round-up, or rodeo. Then notice is sent to all ranchers informing them of the itinerary of the work, which extends over certain sections."

They were riding closer to the stray herd as he spoke, and halted the horses a little distance away.

"Each rodeo has its Captain, who is general manager for the territory covered by a number of ranches. All ranches contribute their pro rata of men, horses and chuck, making the work co-operative."

"That's rather fair toward the small cattle owner," Powell interrupted; "but, that is the spirit of the country here. A square deal for all."