"Seventy-three."

The general manager's pencil wrote upon the pad in front of him "73," then swiftly multiplied it by 50. Lee saw the result, 3,650 set down with the dollar sign in front of it. He said nothing.

"What would you say to fifty dollars a head for them?" asked Trevors, whirling again in his swivel chair. "Three thousand six fifty for the bunch?"

"I'd say the same," answered Lee deliberately, "that I'd say to a man that offered me two bits for Daylight or Ladybird. I just naturally wouldn't say anything at all."

"Who are Daylight and Ladybird?" demanded Trevors.

"They're two of my little horses," said Lee gently, "that no man's got the money to buy."

Trevors smiled cynically. "What are the seventy-three colts worth then?"

"Right now, when I'm just ready to break 'em in," said Bud Lee thoughtfully, "the worst of that string is worth fifty dollars. I'd say twenty of the herd ought to bring fifty dollars a head; twenty more ought to bring sixty; ten are worth seventy-five; ten are worth an even hundred; seven of the Red Duke stock are good for a hundred and a quarter; the other four Red Dukes and the three Robert the Devils are worth a hundred and fifty a head. The whole bunch, an easy fifty-seven hundred little iron men. Which," he continued dryly, "is considerable more than the thirty-six hundred you're talking about. And, give me six months, and I'll boost that fifty-seven hundred. Lord, man, that chestnut out of Black Babe by Hazard, is a real horse! Fifty dollars——"

He stared hard at Trevors a moment. And then, partially voicing the thought with which he had grappled upon the corral gate, he added meditatively: "There's something almighty peculiar about an outfit that will listen to a man offer fifty bucks on a string like that."

His eyes, cool and steady, met Trevors's in a long look which was little short of a challenge.