LITMIR.BIZ

      CHAPTER II

       A SECRET MEETING

       Table of Contents

      At the very time Lin Ballou had ridden in and out of Powder, a secret parley of three men was going on in the back room of Lawyer Dan Rounds' office. Of all places to meet this was the strangest, for it was piled high with dusty, unclaimed trunks, bundles of law journals, and all the bric-a- brac that a man of the legal profession might collect in fifteen years of varied practice. However, these three wished no publicity on this particular occasion and had gathered as quietly as possible. Rounds had casually slipped from the front of his office to the rear and locked the intervening door. Archer Steele, cashier of the bank, had traversed the back lots and was already present. While the two debated in a subdued tone, they were joined in the same manner by the third, James J. Lestrade.

      He was easily the most imposing of the group, this Lestrade; a jolly, bluff man, who wore good clothes and had a ready tongue for everyone he met. He was a cattleman, though he spent little enough time on the Double Jay, preferring to leave most of the routine to his foreman. It suited him better to have a small office adjoining that of Rounds and here he liked to play politics on a small scale. When he was not doing this, he was traveling across the country or to the stockyards at Portland—anything to give an outlet to his restless nature. Since he liked the limelight, it was therefore very strange to find him in this dusty lumber room of old relics. Characteristically, he had a joke on the tip of his tongue as he brushed the top of a trunk and gingerly sat down.

      '"Well, boys, you can't say I'm modest, but this time the old man doesn't want everybody hearing his big bassoon."

      "Better lower your tone, then," Rounds advised dryly. "Sometimes I think you must have learned to speak amongst a bunch of bawling heifers."

      "Well, Dan, the louder you talk the more people will hear you. And I like to be heard. Howsomever, we'll try to 'bide the warning. Now as to the business in hand, here's some reading material that ought to be interesting. Cast an eye over it." He drew a long yellow paper from his inner pocket, smoothed it on his knees and gave it to Rounds. The latter settled down to a slow, painstaking perusal, at which Lestrade presently grew impatient. "For God's sake, it ain't necessary to read the commas and periods. Hurry along. Get the nubbin—that's all."

      Rounds finished with it and passed it to Steele, who flashed a rather careless glance across the page and folded it. "Not being scientific," he said, "I don't comprehend all the figures."

      "Sum and substance is," Lestrade explained, "that the quicker we get the land in this valley tied up, the sooner we'll be millionaires."

      Rounds looked behind him uneasily and again warned Lestrade to lower his voice. There was a long period of silence, broken finally by the lawyer.

      "This much is certain—we're not going to get any place trying to buy land piece by piece. Sooner or later the folks would wake up and get suspicious of our purpose. Another thing, there's homesteaders who are holding on with their eyeteeth, and it would take considerable money to meet their price. Conservatively speaking, you hold mortgages on about a thousand acres and you might buy—quietly, a piece at a time—as many more without exciting comment. Why won't that satisfy?"

      "No," Lestrade said, and explained himself in a single phrase. "Whole hog or none. What's two thousand acres in a deal like this? I want the whole valley—or most of it—right under my finger. Moreover, the most important location is where I'd have the hardest time buying. I mean the stretch from Colqueen's down through Henry's and clear to the edge of the town. You see it shaded on the map you've got."

      "Don't see how it's to be done," Rounds stated.

      Lestrade sat back, his round pink face beaming. "I do. Came to me in a flash last week. Been nursing it ever since. Even got the ball rolling. Simple as falling off a horse. We're going to bankrupt the folks in the valley. Make 'em so poor they can't pay their interest on their mortgages—seventy per cent have got their places in hock—and then take up these mortgages. The rest will be so doggoned discouraged they'll sell for a song and leave the country. See?"

      "Simple," Rounds agreed, but with some amount of sarcasm. "How does a man bankrupt a hundred and fifty settlers all at once?"

      Lestrade put a counter-question, leaning forward on his trunk and waggling a finger at the two. "What's the single thing folks in this country want most of all?"

      "Water," Steele answered as if the word had been on the tip of his tongue.

      "Right!" Lestrade boomed, forgetting himself. "And they're in a state of mind where they'll fall in with any harebrained scheme to get it. Well, my scheme ain't harebrained. Up on the mesa is Lake Esprit. That's in my holdings. Well, we are going to organize a settlers' company and run a ditch into the valley from the lake. Each stockholder gets the benefit of it. The more money he puts in, the more stock he gets and the more dividends he draws when the profits begin to arrive. Then—"

      "When you've got the money from them to start building the ditch," Rounds interrupted thoughtfully, "you'll slap out, I suppose, and let some dummy corporation foreclose."

      "Oh, nothing as raw as that," Lestrade protested. "We'll actually start work. Make some mistake in construction so that it'll cost a lot of money and finally go busted. That won't be difficult. Make it seem like there's no fraud. But the settlers, having put their money into the scheme—and I'll lay they'll fall for it hand over head—won't have a dime to keep on with homesteading. Them that are mortgaged will sell out in order to save something from the wreck. The rest will be so plumb discouraged they'll do likewise. I've already organized a corporation, a dummy one, like you say, in Portland, and transferred the mortgages to it. Meanwhile, it'll be buying more mortgage paper off the local bank, which is pretty heavily loaded—"

      "Wait a minute," Steele said. "I don't understand half of this."

      Both Rounds and Lestrade looked impatiently toward the cashier. Lestrade made another effort to explain

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