The round-bodied banker righted his pivot-chair with a snap and his lips were puffed out like the lips of a swimmer who sees the saving plank drifting out of reach.

"You are wrong, Stanton; altogether wrong!" he protested. "Baldwin was here because I sent for him to make a final attempt to swing him over to the compromise. You are doing me the greatest possible injustice!"

Stanton rose and made ready to go.

"I think that would be rather hard to do, Kinzie," he flung back. "Nobody loves a trimmmer. But in the present case you are not going to lose anything. We'll take your stock at par, as I promised you we would."

It was at this crisis that David Kinzie showed himself as the exponent of the saying that every man has his modicum of saving grace, by smiting upon the arm of his chair and glaring up at the promoter.

"There's another promise of yours that you've got to remember, too, Stanton," he argued hoarsely. "You've got to hold Dexter Baldwin harmless!"

Stanton's smile was a mask of pure malice. "I've made you no definite promise as to that; but you shall have one now. I'll promise to break Baldwin in two and throw him and his ranchmen backers out of the Timanyoni. That's what you get for playing fast and loose with two people at the same time. When you look over your paying teller's statement for the day, you'll see that I have withdrawn our account from your tin-horn money shop. Good-day."

Five minutes later the promoter was squared before his own desk in the office across the street and was hastily scribbling a telegram while a messenger boy waited. It was addressed to Sheriff Macauley, at Lawrenceville, and the wording of it showed how completely Stanton was ignoring Banker Kinzie's investigations.

Your man Montague Smith is here, known as John Smith, secretary and treasurer Timanyoni High Line Company. Wire authority quick to chief police Brewster for his arrest and send deputy with requisition. Rush or you lose him.

Crawford Stanton.

He let the boy go with this, but immediately set to work on another which was addressed to the great man whose private car, returning from the Pacific Coast, was due to reach Denver by the evening Union Pacific train. This second message he translated laboriously into cipher, working it out word by word from a worn code book taken from the safe. But the copy from which he translated, and which, after the cipher was made, he carefully destroyed, read thus: