"I think you are quite right, sir," Farrel agreed. "Eventually the South Coast Company is bound to divide with the Pacific Company control of the power business of the state. I dare say that in the fullness of time the South Coast people will arrange a merger with the Central California Power Company."

"Perhaps. The Central California Company is under-financed and not particularly well managed, Farrel. I think it is, potentially, an excellent property, but its bonds have been rather depressed for a long time."

Farrel nodded his understanding. "Thank you for your advice, sir. When I am ready will your bank be good enough to arrange the purchase of the South Coast bonds for me?"

"Certainly. Happy to oblige you, Farrel. But do not be in too great a hurry. You may lose more in the shrinkages of values if you buy now than you would make in interest."

"I shall be guided by your advice, sir. You are very kind."

"By the way," Parker continued, with a deprecatory smile, "I haven't entered suit against you in the matter of that foreclosure. I didn't desire to annoy you while you were in hospital and you've been busy on the range ever since. When can I induce you to submit to a process-server?"

"This afternoon will suit me, Mr. Parker."

"I'll gladly wait awhile longer, if you can give me any tangible assurance of your ability to meet the mortgage."

"I cannot do that to-day, sir, although I may be able to do so if you will defer action for three days."

Parker nodded and the conversation languished. The car had climbed out of the San Gregorio and was mounting swiftly along the route to La Questa, affording to the Parkers a panorama of mountain, hill, valley and sea so startling in its vastness and its rugged beauty that Don Mike realized his guests had been silenced as much by awe as by their desire to avoid a painful and unprofitable conversation.