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Jim Hollis’s boy.”

      Hollis nodded. Dunlavey continued evenly: “Your father and me wasn’t what you might call bosom friends. I reckon Judge Graney has told you that–if he ain’t you’ve heard it from some one else. It don’t make any difference. So there won’t be any misunderstanding I’ll tell you that I ain’t figgering on you and me hitching up to the mutual friendship wagon either. I might say that we wasn’t introduced right.” He grinned evilly. “But I ain’t letting what happened interfere with the business that’s brought me here to-day. I’ve heard that you’re intending to start the Kicker again; that you’re figgering on staying here and running the Circle Bar. What I’m here for is to buy you out. I’m offering you fifteen thousand dollars for the Circle Bar and this damn newspaper.”

      Dunlavey had lost a little of the composure which had characterized his actions since entering the office and the last words of his speech had writhed venomously through his lips.

      Hollis’s face betrayed absolutely no emotion. Though Dunlavey’s visit to the Kicker office had surprised him he was not surprised at his offer for the ranch and the newspaper, for according to Judge Graney he had made some such offer to the elder Hollis. Coming now, with an addition of five thousand dollars, Dunlavey’s offer seemed to advertise his reluctance to continue the war that he had waged. Hollis appreciated the situation. If Dunlavey were to buy him off now there would come an end to the warfare that had already been an expensive one for the interests represented by Dunlavey. Likewise, the acceptance of the offer would give Hollis an opportunity to withdraw gracefully. Dunlavey had placed the issue squarely before him. The young man held his future in his hands and he did not reply at once.

      He sat silent for a few moments, studying the coarse, brutal face of the man seated before him, noting that his under jaw had come forward slightly, and that the cold, hard glitter had come again in his eyes. However, Hollis’s silence meant nothing beyond the fact that he was going slowly over the history of the fight between his father and the man who sat there representing the interests which had begun the war. He had no thought of surrendering–that would be dishonorable. He was merely revolving the situation in his mind, considering how best to word his refusal. He did not want to appear belligerent; he did not want to precipitate war. But he did want Dunlavey to know that he purposed to have his rights; he wanted Dunlavey to know that he could not be frightened into surrendering them. He clasped one hand over his knee and leaned back in his chair, his gaze meeting Dunlavey’s steadily.

      “Dunlavey,” he said quietly, “what is the actual value of the Circle Bar ranch?”

      Dunlavey smiled blandly. “You couldn’t find any man around these parts to take it at any price,” he returned.

      “Why?” questioned Hollis.

      Dunlavey grinned mysteriously. “I reckon you know why,” he returned; “you’re pretty much of a tenderfoot, but I reckon Judge Graney has put you wise to the situation. There ain’t nobody wants to buy the Circle Bar except me.”

      “Why?” persisted Hollis.

      “I reckon you know that too,” laughed Dunlavey. “It ain’t no secret. The Cattlemen’s Association is running things in this here county and it ain’t wanting anyone to buy the Circle Bar except me. And nobody is fool enough to antagonize the Association. That’s the why, if you want to know real bad.”

      “You are frank about it at any rate,” conceded Hollis smiling slightly. “But that doesn’t get us anywhere. What I am trying to get at is this: what would the Circle Bar bring in cash if the Cattlemen’s Association ceased to be a factor in the county?” Dunlavey grinned broadly. “For a tenderfoot you’re real amusing,” he derided. “There ain’t nobody out here crazy enough to think that the Cattlemen’s Association will ever be put out of business!”

      Hollis’s lips curled a little, but his gaze was still steady.

      “That’s evasion, Dunlavey,” he said quietly. “You will remember that I asked you what the Circle Bar would bring ‘if’ the Association ceased to be a factor.”

      Dunlavey favored Hollis with a perplexed grin. “I don’t know what difference that makes,” he returned. “We’re dealing with what’s before us now–we ain’t considering what might be. But if you want to know my personal opinion it’s that the Circle Bar might bring thirty thousand.”

      “Thanks,” said Hollis dryly; “that’s getting somewhere. And now we’ll be able to talk business. We’ve got thirty thousand to start with. I am told that when the Association began its war against my father he was rather prosperous. Usually he rounded up about two thousand head of cattle. But we’ll call it a thousand. We’ll say that they brought about thirty dollars a head, which would make an income of thirty thousand dollars a year, gross. We’ll deduct fifty per cent for operating expenses, losses, and so on. That would leave about fifteen thousand. You’ve been fighting the Circle Bar for several years. We’ll call it five. Five times fifteen thousand is seventy-five thousand. That represents the sum which my father would have made from the Circle Bar if you had not fought him. Add to that the thirty thousand which you admit would be a fair figure for the ranch if the Association were eliminated as a factor, and we have a total of one hundred and five thousand dollars.” He smiled and leaned a little farther back in his chair, narrowing his eyes at Dunlavey. “Now we have reached a point where we can get somewhere. I’ll take one hundred thousand dollars for the Circle Bar.”

      The calm announcement had no effect upon Dunlavey except to cause him to grin derisively.

      “For a tenderfoot you’re pretty slick,” he allowed, his teeth showing. “You’ve figgered it out so that it sounds right reasonable. But you’ve forgot one thing. The Cattlemen’s Association ain’t eliminated. It says that the Circle Bar is worth fifteen thousand. You’ll take that or—” He smiled grimly, holding back the threat.

      “I think I know what you mean,” said Hollis quietly, without changing color. “You mean that the Cattlemen’s Association will continue its fight and eventually ruin the Circle Bar. Perhaps it will–no man can tell what lies in the future. But I can tell you this: you can’t retard progress.”

      “No?” said Dunlavey with an irritating drawl.

      Hollis smiled composedly. He spoke without bitterness. “Dunlavey,” he said, “I’m going to tell you something which you perhaps know but will not admit. Your Association has been successful in pulling the strings which make the politicians at Washington jump to do your bidding. I don’t accuse you of buying them, but in any event they have greased the ways over which your Association has slipped to power. And now you think that the impetus you have gained will carry you along indefinitely. It won’t. Everything in this world runs its natural course and when it does there comes an end.

      “If you were endowed with the average foresight you would be able to see that things cannot always go on the way they have. The law must come. It is inevitable. Its coming will be facilitated by such organizations as the Cattlemen’s Association and by such men as you. Back in the East the forces of Good and Bad are battling. The forces of Good will be victorious. The government at Washington is familiar with the conditions that exist here and sooner or later will be compelled to act. When it does the small cattle owner will receive protection.”

      “We’re holding tight till the law comes,” sneered Dunlavey; “which won’t be soon.”

      “Perhaps not,” admitted Hollis dryly; “good things come slowly. Meanwhile, if you don’t care to accept my figure for the Circle Bar I shall follow your example and hold tight until the law comes.”

      “Meaning that you won’t sell, I suppose?” sneered Dunlavey.

      “Meaning just that,” returned Hollis quietly. “I am going to fight you. I have offered the Circle Bar at a fair figure and you have responded with threats. I wouldn’t sell to you now if you offered one hundred and fifty thousand. The Circle Bar is not for sale!”

      Dunlavey had not moved. He sat quiet, leaning a little forward, his hands

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