Her dark eyes rested gravely on him an instant before she answered: "Most of us that were brought up on them know something of the facts."

"You are familiar with the Valdés grant?"

"Yes."

"And with the Moreño grant, made by Governor Armijo?"

"Yes."

"The claims conflict, do they not?"

"The Moreño grant is taken right from the heart of the Valdés grant. It includes all the springs, the valleys, the irrigable land; takes in everything but the hilly pasture land in the mountains, which, in itself, is valueless."

"The land included in this grant is of great value?"

"It pastures at the present time fifty thousand sheep and about twelve thousand head of cattle."

"Owned by Miss Valdés?"