"That's where you're off," snapped the millionaire. "There are fine ore beds in the Hophras and a pretty good quality of coking coal. Ten or twelve miles of a narrow-gauge railroad would dump the pig metal into the upper end of your valley, and there you are. With a small reduction plant you could tell the big steel people to go hang."

Brouillard admitted the postulate without prejudice to a keen and growing wonder. How did it happen that this Chicago money king had taken the trouble to inform himself so accurately in regard to the natural resources of the Niquoia region? Had he not expressly declared that the object of the desert automobile trip was mere tourist curiosity? Given a little time, the engineer would have cornered the inquiry, making it yield some sort of a reasonable answer; but Mr. Cortwright was galloping on again.

"There you are, then, with the three prime requisites in raw material: cement stock, timber, and pig metal. Fuel you've got, you say, and if it isn't good enough, your dummy railroad can supply you from the Hophra mines. Best of all, you've got power to burn—and that's the key to any manufacturing proposition. Well and good. Now, you know, and I know, that the government doesn't care to go into the manufacturing business when it can help it. Isn't that so?"

"Unquestionably. But this is a case of can't-help-it," Brouillard argued. "You couldn't begin to interest private capital in any of these industries you speak of."

"Why not?" was the curt demand.

"Because of their impermanence—their dependence upon a market which will quit definitely when the dam is completed. What you are suggesting predicates a good, busy little city in this valley, behind the dam—since there is no other feasible place for it—and it would be strictly a city of numbered days. When the dam is completed and the spillway gates are closed, the Niqoyastcàdje and everything in it will go down under two hundred feet of water."

"The—what?" queried Miss Cortwright, lowering the glass with which she had been following the progress of the two riders down the Buckskin trail from the high-pitched mine on Chigringo.

"The Niqoyastcàdje—'Place-where-they-came-up,'" said Brouillard, elucidating for her. "That is the Navajo name for this valley. The Indians have a legend that this is the spot where their tribal ancestors came up from the underworld. Our map makers shortened it to 'Niquoia' and the cow-men of the Buckskin foot-hills have cut that to 'Nick-wire.'"

This bit of explanatory place lore was entirely lost upon Mr. J. Wesley Cortwright. He was chewing the ends of his short mustaches and scowling thoughtfully out upon the possible site of the future industrial city of the plain.

"Say, Brouillard," he cut in, "you get me the right to build that power dam, and give me the contracts for what material you'd rather buy than make, and I'll be switched if I don't take a shot at this drowning proposition myself. I tell you, it looks pretty good to me. What do you say?"