"An' serve 'em darned right," cried Peter sharply. "I ain't time for crooks like them. You're right, sir. Don't take chances. See that sent off yourself, sir. I'm real glad you come along here. There'll be fortunes lying around in your track, an' then there's always them—testimonials. Say, you'll just excuse me, sir, but there's some all-fired 'rubes' shoutin' for drinks in the bar. I——"

Slosson laughed.

"Yes, you get right on. The boys have money to burn in this city now. They'll have more later. I'll get going."

He moved off and passed through the crowded office, and out of the hotel, while Peter dashed swiftly into his private office. He went straight to his desk and wrote on paper all he could remember of the code message. Then he stood up and swore softly to himself.

For some moments he let himself go at the expense of the man he had just been talking to. Then he became calmer, and his face grew thoughtful. Then, after awhile, a smile grew in his hot eyes, and he murmured audibly—

"I wonder. Steve Mason's a good boy, an' he don't draw a big pile slamming the keys of his instruments over there. I wonder."

After that he left the office and hurried out to the veranda, and stood watching, in the evening light, for the figure of David Slosson leaving the telegraph operator's office.

Gordon and Hazel Mallinsbee were riding amongst the hills. Gordon was on Sunset, and Hazel's brown mare was reveling in the joy of a fresh morning gallop through her native valleys and woodlands.

Ever since the memorable day when he discovered that Slosson was his father's agent, Gordon had lived in a state of almost feverish delight. At his instigation they had closed up the office at Buffalo Point, to give color to their defeat by the agent. At his instigation they had arranged many other more or less significant matters. But it had been Mallinsbee's own suggestion that Gordon should take up his abode at the ranch instead of sharing the hospitality of Mike Callahan's livery barn in Snake's Fall.

It was a glorious summer day and the mountain breezes came down the hillsides with that refreshing cool belonging to the heights above. The joy of living was thrilling both of them as they rode, and their horses, too, seemed to have caught the infection. But there was something more than the mere joy of life and health actuating them now. There was an excitement such as neither could have experienced during those long, dull hours which, during the past weeks, had been spent in the now closed office at Buffalo Point.