"You went along?" queried Stanton.

"As soon as I could find somebody to drive me; yes. That wasn't right away, though; and when I got there I had to leave my buzz-wagon back in the hills a piece and walk into camp. When I inquired around I found that the colonel was shut up in Williams's office with a fellow named Smith. They were finishing up whatever they'd been talking about when I got a place to listen in; but I heard enough to make me suspect that something new had broken loose. Just as they were getting ready to quit, the colonel was saying: 'That settles it, Smith; you've got to come over into'—I didn't catch the name of the place—'and help us. Williams tells me you refused him, but you can't refuse me.' There was more of it, but they had opened the door and I had to skin out. A little later they drove off together in the colonel's car, coming on through town to go out to the ranch, I suppose, because Smith didn't show up any more at the camp."

Again the gentleman with the sharp jaw took time for narrow-eyed reflection.

"You'll have to switch over from the colonel to this fellow Smith for the present, Shaw," he decided, at length. "Lanterby is supposed to be on that part of the job, but he's altogether too coarse-handed. I want to know who Smith is, and where he hails from, and how he comes to be butting in. Lanterby said at first, and says yet, that he is just a common hobo tumbling in from the outside. It's pretty evident that Lanterby has another guess coming. You look him up and do it quick."

The young man glanced up with a faint warming of avarice in his sleepy eyes. "It'll most likely run into money—for expenses," he suggested.

"For graft, you mean," snapped Stanton. Then he had it out with this second subordinate in crisp English. "I'm onto you with both feet, Shaw; every crook and turn of you. More than that, I know why you were fired out of Maxwell's office; you've got sticky fingers. That's all right with me up to a certain point, but beyond that point you get off. Understand?"

Shaw made no answer in direct terms, but if his employer had been watching the heavy-lidded eyes he might have seen in them the shadow of a thing much more dangerous than plain dishonesty: a passing shadow of the fear that makes for treachery when the sharp need for self-protection arises.

"I'll try to find out about the hobo," he said, with fair enough lip-loyalty, and after he had rolled a fresh cigarette he went away to begin the mining operations which might promise to unearth Smith's record.

It was ten o'clock when Shaw left the real-estate office in the Hophra House block. Half an hour earlier Smith had come to town with the colonel in the roadster, and the two had shut themselves up in the colonel's private room in the Timanyoni Ditch Company's town office in the Barker Building, which was two squares down the street from the Hophra House. Summoned promptly, Martin, the bookkeeper, had brought in his statements and balance-sheets, and the new officer, who was as yet without a title, had struck out his plan of campaign.

"'Amortization' is the word, Colonel," was Smith's prompt verdict after he had gone over Martin's summaries. "The best way to get at it now is to wipe the slate clean and begin over again."