"The necessity remains to be demonstrated. But you will be shot to pieces, to a dead moral certainty, if you don't put somebody on deck with the necessary brains, and do it quickly," said Smith with frank bluntness.

"Hold on," protested the engineer. "Every man to his trade. When I said that we had nobody but the neighbors and our friends in the company, I didn't mean to give the impression that they were either dolts or chuckleheads. As a matter of fact, we have a pretty level-headed bunch of men in Timanyoni Ditch—though I'll admit that some of them are nervous enough, just now, to want to get out on almost any terms. What I meant to say was that they don't happen to be up in all the crooks and turnings of the high-finance buccaneers."

"I didn't mean to reflect upon Colonel Baldwin and his friends," rejoined the ex-cashier good-naturedly. "It is nothing especially discrediting to them that they are not up in all the tricks of a trade which is not theirs. The financing of a scheme like this has come to be a business by itself, Mr. Williams, and it is hardly to be expected that a group of inexperienced men could do it successfully."

"I know that, blessed well. That is what I said from the beginning, and I think Colonel Baldwin leaned that way, too. But it seemed like a very simple undertaking. A number of stockmen and crop growers wanted a dam and a ditch, and they had the money to pay for them. That seemed to be all there was to it in the beginning."

Smith was leaning back in his chair and smoking reflectively.

"Did you call me in here to get an expert opinion?" he asked, half humorously.

"Something of that kind—yes; just on the bare chance that you could, and would, give us one," Williams admitted.

"Well, I'm hardly an expert," was the modest reply; "but if I were in your place I should hire the best financial scrapper that money could pay for. I can't attempt to tell you what such a man would do, but he would at least rattle around in the box and try to give you a fighting chance, which is more than you seem to have now."

The construction chief turned abruptly upon his cost-cutter.

"Keeping in mind what you said a few minutes ago about 'back numbers,' would it be climbing over the fence too far for me to ask if your experience has been such as would warrant you in tackling a job of this kind?"