"I'm terribly disappointed," she protested. "Terribly."

"So am I. I'm ashamed of myself, but—a contrite heart is not hockable at the only pawnshop in El Toro. Buck up, Miss Parker!"

"You have called me Kay three times this afternoon, Miguel———"

He rode close to her, reached over and gently drew one little hand from her crimson face. "You're a dear girl, Kay," he murmured, huskily. "Please cease weeping. You haven't insulted me or even remotely hurt my little feelings. God bless your sweet soul! If you'll only stop crying, I'll give you Panchito. He's yours from this minute. Saddle and bridle, too. Take him. Do what you please with him, but for heaven's sake don't let your good mother think we've been quarreling—and on the very second day of our acquaintance."

She dashed the tears away and beamed up at him. "You give Panchito to me! You don't mean it!"

"I do. I told you I might give him away to somebody worth while."

"You haven't known me long enough to give me valuable presents, Miguel," she demurred. "You're a dear to want to give him to me and I'm positively mad to own him, but Mother and Dad might think—well, that is, they might not understand. Of course we understand perfectly, but—well—you understand, don't you, Miguel?"

"I understand that I cannot afford to have your father suspect that I am unmindful of—certain conditions," he answered her, and flushed with embarrassment. "If you do not want Panchito as a gift I shall not insist———"

"I think it would be a good idea for you to permit Dad to buy him for me. He's worth every cent of five thousand dollars———"

"I'll never sell him. I told you this afternoon I love him. I never sell a horse or a dog that I love or that loves me. I shall have to take him back, Kay—for the present."