Bruce laughed, his mood having no place for frowns.

"Not just for ornament, old joy-bringer," he retorted. "Using 'em every now and then. I'm in deep here, Jim, with every cent I've got and every hope of big things. Times, a man has to shoot his way out into the clear or go to the wall. Hey, Gaucho!" he called, turning in his saddle. "You and Tony haze the ponies in to the corrals. And tell Castro we've got the King of Spain with us for grub and to put on the best on the ranch; we'll blow in about noon. Come ahead, Jim; I'll show you the finest lay-out of a cow outfit you ever trailed your eye across."

They rode, saw everything, both acreage and water and stock, and talked; for the most part Bruce did the talking, speaking with quick enthusiasm of what he had, what he had done, what he meant to accomplish yet in spite of obstacles. He had bought outright some six thousand acres, expending for them and what low-bred stock they fed all of his inherited capital. From the nearest bank, at El Ojo, he had borrowed heavily, mortgaging his outfit. With the proceeds he had leased adjoining lands so that now his stock grazed over ten thousand acres; he had also bought and imported a finer strain of cattle. With the market what it was he was bound to make his fortune, hand over fist——

"If they'd only leave me alone!" he exclaimed hotly.

"They?" queried Kendric.

"Of course the country is unsettled," explained the boy. "Ever since I came into it there has been one sort or another of unrest. When it isn't outright revolution it's politics and that's pretty near the same thing. There are prowling bands of outlaws, calling themselves soldiers, that the authorities can't reach. Look at those mountains over there! What government that has to give half its time or more to watching its own step, can manage to ferret out every nest of highwaymen in every cañon? Those boys are my big trouble, Jim! A raid from them is always on the books and there are times when I'm pretty near ready to throw up the sponge and drift. But it's a great land; a great land. And now you're with me!" His eyes shone. "I'll make you any sort of a proposition you call for, Jim, and together we'll make history. Not to mention barrels of money."

Kendric's ever-ready imagination was snared. But he was in no position to forget that he had other fish to fry.

"What do you know of your neighbors?" he asked.

"Not much," admitted Bruce. "And yet enough to sabe what you're driving at. The nearest are twenty miles away, at the Montezuma ranch. The boss of the outfit is your old friend Ruiz Rios. I told you that in my letter. I haven't the dead wood on him but it's open and shut that he'd as soon chip in on a cattle-stealing deal as anything else."

"He doesn't own the Montezuma," said Kendric.