“But the peculiar thing about this operation, Mr. Dunstan, lies in the fact that the land ring will readily ascertain my financial condition, and that of my clients—”

“In which event, my dear boy, your lands will be rushed to patent right away, you will be notified that they are waiting for you to pay the balance due on them within, thirty days, and if at the end of thirty days you do not pay that $39,000, your applications lapse automatically and your initial payment will be forfeited to the state as liquidated damages.”

“I fear that is just what will happen. That is why I want to know if you are prepared to lend me $39,000 to call their bluff. I will assign you a half interest in a certain water-right which I possess, as security for the advance. My water-right is worth millions.”

“It will have to be, if I am to consider your suggestion seriously. Get your fifty applications passed to patent first, however. Then see me, and I'll lend you the money you require, provided I find upon investigation that the security is ample. Is your water-right developed?”

“No, sir. I've just filed on it.”

Dunstan permitted himself a very thin smile. “You're your father's son, Bob. You see visions and you'll die poor. I am firmly convinced that you're honest, but as firmly convinced that you're chasing a will-o'-the-wisp—so I hold out very little hope for you in the matter of that loan.”

“But my water-right is good for ten times the amount” pleaded Bob desperately, and produced T. Morgan Carey's letter to bolster up his argument. “All I need is money to develop it.”

“And in the meantime it's worth ten cents. Bob, you weary me.”

“I'm sorry, sir. You're the only human being in this world that I can come to for help; and I never ask help of any man, unless I can pay him well for his trouble, And I think I can pay you well—I know I can.”

Dunstan eyed him more kindly. “Your father was a visionary, Bob, only he looked the part. You do not. I have difficulty in convincing myself that you're insane; but surely, Bob, you must admit that no sane man would seriously consider your proposition. Tell me how you expect to induce fifty paupers to apply for land for you, to do it in good faith and be within the law, and yet hand the land over to you. Dang it, boy, the thing's impossible. You can't do it.”