"No, Dad—I guess hard luck toughened me up," said Bud, but his smile belied the meaning of his words.

"Yes, I heard about your accident, boys—and that's partly why I sent for you. I thought you might have time to do a little business for me."

"Well, I guess I'll step along, Mr. Merkel," the Kid said, as he realized he might be intruding on a private conversation. "I got that fence fixed up all right."

"Did you? Good! No, Kid, you stay right here. You're in on this too. Where's Billee Dobb? I want him to hear what I have to say."

"He's 'round back, boss. I'll get him."

"Bring him in the house, Kid. My room. Come on, boys—we'll get settled inside and wait for the Kid and Billee."

As the boys followed Mr. Merkel each one wondered what it was all about. Dick voiced the thought of all as he whispered:

"Say, what's up? You know, Bud?"

"Nope! I'm as much in the dark as you are. Dad never said anything to me. We'll soon know, though."

By this time they had reached the ranchhouse. As soon as the Kid arrived with Old Billee Dobb—a grizzled product of ranching who had been with the Diamond X from its start—Mr. Merkel motioned them to be seated and began: