At one office he saw a map of the country behind the hotel and he picked out the valley in which was Kelshope ranch. There was not another homestead for some distance and a notice stated that the land was cheap. Jimmy pondered for a few minutes and then went in.

The agent stated his willingness to supply land of whatever sort Jimmy needed, but he thought, for an ambitious young man, the proper investment was a city building lot. In fact, he had a number of useful lots on a first-class frontage. Jimmy studied the map and remarked that the town had not got there yet. The agent declared the town would get there soon, and to wait until the streets were graded and prices went up was a fool's plan. Jimmy stated he would not speculate; if the price were suitable, he might buy land in the Kelshope valley on the other map.

The agent said the valley was not altogether in his hands. Kelshope was in Alberta, but for a split commission he could negotiate a sale with the Calgary broker. If one bought a block and paid a small deposit, he imagined a good sum might stand on mortgage. Jimmy replied that he would think about it and went off. It was not for nothing he had studied business methods at the Leyland mill.

In the evening he and Stannard occupied a bench in the hotel rotunda. Cigar-smoke floated about the pillars; the revolving glass doors went steadily round, and noisy groups pushed in and out, but Stannard had got a quiet corner and by and by Jimmy asked: "Have you agreed with the insurance office?"

"They have not sent the agreement. I expect to get it."

"Then, I'd like you to go back in the morning and insure for a larger sum. I'll give you a note for five hundred pounds."

"I haven't five hundred pounds," said Stannard with surprise. "Why do you want the sum?"

"I'm going to buy a ranch near Jardine's," Jimmy replied. "The agent wants a deposit and I must buy tools. Can you help?"

Stannard looked at him hard and hesitated, but he saw Jimmy was resolved.

"I might get the money in three or four weeks. It will cost you something."