The lazy eyes appeared to be staring into space. In reality they were watching the doughy countenance before him. "What do you propose to do?" Lablache asked, ignoring the other's flippant tone.

Bill shrugged.

"Debts of honor must be met first," he said quietly. "Mancha must be paid in full. I shall take care of that. For the rest, I have no doubt your business knowledge will prompt you as to what course the Calford Loan Co. and yourself had best adopt."

Lablache was slightly taken aback at the cool indifference of this man. He scarcely knew how to deal with him. He had driven out this morning intending to coerce, or, at least, strike a hard bargain. But the object of his attentions was, to say the least of it, difficult.

He moved uneasily and crossed his legs.

"There is only one course open to your creditors. It is a harsh method and one which goes devilishly against the grain. But—"

"Pray don't apologize, Mr. Lablache," broke in the other, smiling sardonically. "I am fully aware of the tender condition of your feelings. I only trust that in this matter you will carry out your—er—painful duty without worrying me with the detail of the necessary routine. I shall settle Mancha's debt at once and then you are welcome to the confounded lot."

Bill moved from his position and walked towards the door. The significance of his action was well marked. Lablache, however, had no intention of going yet. He moved heavily round upon his chair so as to face his man.

"One moment—er—Ford. You are a trifle precipitate. I was going on to say, when you interrupted me, that if you cared to meet me half-way I have a proposition to make which might solve your difficulty. It is an unusual one, I admit, but," with a meaning smile, "I rather fancy that the Calford Loan Co. might be induced to see the advantage, to them, of delaying action."

The object of this early morning visit was about to be made apparent. Bill returned to his position at the desk and lit another cigarette. The suave manner of his unwelcome guest was dangerous. He was prepared. There was something almost feline in the attitude and the expression of the young rancher as he waited for the money-lender to proceed. Perhaps Lablache understood him. Perhaps his understanding warned him to adopt his best manner. His usual method in dealing with his victims was hardly the same as he was now using.