Starbuck turned to Smith with a wry smile.

"Shaw beat us to it and he scores on us," he said. "We may as well hike back, 'phone Williams to keep his eye on things up at the dam, and go to bed. There'll be nothing more doing to-night."


XVIII

A Chance to Hedge

With all things moving favorably for Timanyoni High Line up to the night of fiascos, the battle for the great water-right seemed to take a sudden slant against the local promoters, after the failure to cripple Stanton by the attempt to suppress two of his subordinates. Early the next day there were panicky rumors in the air, all pointing to a possible eleventh-hour failure of the local enterprise, and none of them traceable to any definite starting-point.

One of the stories was to the effect that the Timanyoni dam had faulty foundations and that the haste in building had added to its insecurity. By noon bets were freely offered in the pool-rooms that the dam would never stand its first filling; and on the heels of this came clamorous court petitions from ranch owners below the dam site, setting forth the flood dangers to which they were exposed and praying for an injunction to stop the work.

That this was a new move on Stanton's part, neither Smith nor Stillings questioned for a moment; but they had no sooner got the nervous ranchmen pacified by giving an indemnity bond for any damage that might be done, before it became evident that the rumors were having another and still more serious effect. It was a little past one o'clock when Kinzie sent up-stairs for Smith, and Smith wondered why, with the telephone at his elbow, the banker had sent the summons by the janitor.

When the newly elected secretary had himself shot down the elevator, he was moved to wonder again at the number of people who were waiting to see the president. The anteroom was crowded with them; and when the janitor led him around through the working room of the bank to come at the inside door to Kinzie's room, Smith thought the détour was made merely to dodge the waiting throng.

There was a crude surprise lying in wait for Smith when the door of the president's room swung open to admit him. Sitting at ease on Kinzie's big leather-covered lounge, with a huge book of engraving samples on his knees, was a round-bodied man with a face like a good-natured full moon. Instantly he tossed the book aside and sprang up.