"I've just told you why he did it."

"You've just told me why he would make a deal with a power company, but you haven't explained why he should make a deal with this particular power company."

"I cannot answer that question, Bill."

"Nor can I. But there's a reason—perhaps two reasons. Territorially, this power site is the natural property of but two power corporations—the Central California and the South Coast. The South Coast is the second largest corporation of its kind in the state; the Central California is the fifth. Why go gunning for a dickey bird when you can tie up to an eagle?"

They were both silent, pondering the question. Then said Bill Conway, "Well, son, if I had as much curiosity regarding the reason for this situation as you have, I'd most certainly spend some money to find out."

"I have the money and I am prepared to spend it. How would you start, Bill?"

"Well, I'd buy a couple of shares of stock, in the Central California Power Company as a starter. Then I would descend upon the main office of the company, exhibit my stock and claim my stockholder's right to look over the list of stockholders and bondholders of record; also, the board of directors and the minutes of the previous meetings. You may not find John Parker's name listed either as stockholder, bondholder or director, but you might find the First National Bank of El Toro, represented by the cashier or the first vice-president of that institution. Also, if I were you, I'd just naturally hop the rattler for San Francisco, hie myself to some stockbroker's office to buy this stock, and while buying it look over the daily reports of the stock market for the past few years and see if the figures suggested anything to me."

"Anything else?"

"Thus endeth the first lesson, Miguel. At that it's only a vague suspicion. Get out of my way, boy. I'm going out to build a dam and you're not ready to stop me—yet."

"Bill, I'm serious about this. I want you to cease operations."