"Thank you for the heartening effect of those words, Mr. Farrel."

"I think I understand the reason underlying all this speed, Mr. Parker. You and Okada feared that next year the people of this state will so amend their faulty anti-alien land law of 1913 that it will be impossible for any Oriental to own or lease California land then. So you proceeded with your improvements during the redemption period, confident that the ranch would never be redeemed, in order that you might be free to deal with Okada before the new law went into effect. Okada would not deal with you until he was assured the water could be gotten on the land."

"Pa's thrown out at first base!" Mrs. Parker shrilled. "Poor old pa!"

Don Mike's somber black eyes flashed with mirth. "I understand now why you leased the hacienda and why that twelve-thousand-dollar board bill hurt," he murmured. He turned to Kay and her mother. "Why the poor unfortunate man is forced to remain at the Rancho Palomar in order to protect his bet." His thick black brows lifted piously. "Don't cheer, boys," he cried tragically; "the poor devil is going fast now! Is there anybody present who remembers a prayer or who can sing a hymn?"

Kay's adorable face twitched as she suppressed a chuckle at her father's expense, but now that Parker was being assailed by all three, his loyal wife decided to protect him.

"Well, Johnny's a shrewd gambler after all," she declared. "If you do not redeem the ranch, he will get odds of two and a half to one on his million-dollar bet and clean up in a year. With water on the lands of the San Gregorio, Okada's people will pay five hundred dollars an acre cash for the fifty thousand acres."

"I grant you that, Mrs. Parker, but in the meantime he will have increased tremendously the value of all of my land in the San Gregorio valley, and what is to prevent me, nine months from now, from floating a new loan rather handily, by reason of that increased valuation, paying off Mr. Parker's mortgage and garnering for myself that two and a half million dollars' profit you speak of?"

"I fear you will have to excuse us from relishing the prospect of that joke, Don Mike," Kay murmured.

"Work on that irrigation project will cease on Saturday evening, Mr. Farrel," Parker assured his host.

Nevertheless, Farrel observed that his manner belied his words; obviously he was ill at ease. For a moment, the glances of the two men met; swift though that visual contact was, each read in the other's glance an unfaltering decision. There would be no surrender.