About nine o'clock in the evening William Wells Woolfridge entered the hotel and walked as inconspicuously as possible up the stairs, letting himself into a room occupied by two other gentlemen. One was a visitor from down-territory, the other Josiah Craib. After a few preliminary words, preceded by an adequate measure of rye, the gentleman from down-territory, whose name was on the register as T. Q. Bangor, came to the issues.
"Fortunate thing, Woolfridge, that this rodeo gave me an excuse to come up here and see you. The less of fuss the better. Written correspondence won't do at this stage. It may interest you to know that our engineers have given me some rather favorable estimates."
"Good enough," replied Woolfridge. Though a fortune hinged on the statement he took it with urbane calm. "But why not use words that bite a little deeper?"
At this point Craib rose, gaunt body casting a grotesque shadow against the wall. "You don't need me. I'll go back to my office." With a nod to each of them he went out, closing the door softly behind him, and down the street; as he marched through the crowd, hands clasped across his back and his eyes dropped to the sidewalk, there seemed to be a deep and somber fire burning within the man. Once, when he passed into the bank, he looked at the stars above. That was a rare thing for Craib to do.
In the room Bangor proceeded. "Your banker friend gives me an uneasy, insecure feeling. What does the man think about?"
"God knows," said Woolfridge. "It doesn't matter. He's tied to me. Go on."
"I didn't put the specific case before our engineers," explained Bangor. "I made it an arbitrary and theoretical proposition to keep them off the track. Until the big news breaks we want no leaks. But they assure me of this point—to divert enough water from the proposed power dam for irrigation purposes will be all right. It depends on the following factors—that the number of acres to be irrigated does not require more than so many acre-feet of water, that the dam is high enough and the back basin great enough to take care of a set minimum for the generation of electrical current. I have all the figures with me. It checks all right with the reserves we will be carrying when the Roaring Horse project goes through. I'll give you the sheets to run over. But there are a lot of angles to this thing, and I wish you'd talk to me straight out. I want the picture in your head."
Woolfridge pulled a map from his pocket and unfolded it on the bed. It covered the Roaring Horse country between peaks and western alkali wastes, between Roaring Horse canyon and town, and it had been especially drawn by surveyors for Woolfridge. He laid a finger on it. "All you see here is desert grazing land. Intrinsically worth whatever you've got to pay for it. Fifty cents an acre, ten dollars an acre. All as dry as a bone except for drilled wells and two small creeks. The Roaring Horse absorbs everything. At present this land is good for nothing but cattle. Less than eleven inches of rainfall a year on it. That's the first fundamental proposition.
"The second proposition is that this land is astonishingly fertile; it will grow absolutely anything if irrigated. I've tested it. The third proposition is that we have had three bad cattle years with another in prospect and the ranchers discouraged and willing to sell. I have quietly bought a lot of range through my dummy company next door. I will continue to buy until I have an almost solid strip along the canyon within easy irrigating distance. The control will be absolutely mine. I will irrigate it, divide it into small farms, and sell. Ten dollar range land with water on it is worth, in this district, from fifty to a hundred and fifty dollars."
"Yes, but Woolfridge, have you given enough attention to the cost of installing an irrigating system? One unforeseen item can lay you flat on your back."
Woolfridge smiled, still the mild, soft-fleshed man. "Let's check the items of expense. First, the dam. You are building it for a power dam—doesn't cost me a penny. You will charge a nominal sum for the use of the water later, but that falls on the homesteader, not me. Second item is the main ditch. And outside of one small piece of digging, about three hundred yards, that won't cost anything, either. Look on the map here."
He traced a shaded line that started on the upper end of the Roaring Horse canyon and worked parallel to it, though angling away slightly as it traveled. "That's a gully which in prehistoric days was a good-sized creek. Its mouth comes within three hundred yards of the rim, and that piece had somehow been overlain with soil. It travels down grade with the general contour of the country for ten miles, sliding gradually away from the rim. When your dam is built that gully, shoveled out, will tap your basin, take the water and carry it by gravity those ten miles. Soil is hard underneath, no porous sands. And there is my main ditch."
Bangor shook his head. "You are a very lucky man, Woolfridge."
Something of the mildness went from Woolfridge. His eyes cooled, the smooth cheeks became distinctly hard. All at once he was a different individual, aggressive and slightly overbearing. "Not lucky, Bangor. I have been studying this five years. One more item—the lateral ditches. They will go in as I sell the ranches. I've got a mechanical digger in mind that will slash them out of the ground in no time at all. There is the cost of it. Advertising will mount up, of course. Buying out the present ranchers will cost. But the whole sum is nothing when compared to what I expect to make. There is a quarter or a half million in this one angle."
"We are the means, therefore, of supplying you with a very nice fortune," said Bangor, not overenthused.
Woolfridge had been watching his man closely, gauging the latter's reactions. The coldness became more pronounced, his speech snapped more crisply, more rapidly. "I expected some such reply, Bangor. I am prepared to meet it. I said I have studied this five years. It depended wholly on somebody building a dam on the Roaring Horse. A power dam with excess water for irrigating purposes. Otherwise it couldn't pay. Your company had to get a site. I called this to your attention—an ideal location from every point of view. Moreover, when you got in trouble with Bi-State Power I saw to it my block of stock was instrumental in giving you a position that was not assailable. I helped you. I expect help in return."
"Your help had definite strings attached," Bangor reminded him. "It still has strings attached."
"I believe in protecting myself," was Woolfridge's quiet answer. "This isn't charity. You will make money from the deal. Not only in water rent but in the development of a whole new region. Personally I've got controlling interest in the bank, in a warehouse, and shortly will also have bought the major store here. All through the dummy corporation. I expect to build up a marketing organization in time. Long after I take my first profit there will be a steady, year by year percentage of the general prosperity coming my way."
"You let nothing past you."
"I have studied it a long time," said Woolfridge. "There is yet one difficult barrier to cross. I have got to buy out Satterlee or the whole thing falls to pieces. His land slices my project in two. The ditch runs across it; and the man would let his fingers be hacked off before he'd see the cattle range split into homesteads. So I have got to take him out of the game."
"From what I saw of him," suggested Bangor, "he looks both prosperous and stubborn."
"Both," agreed Woolfridge. "But all men have a price. Somewhere up the scale I'll find his. Now, we must work quietly and let nothing get out. You don't know how cattle land hates the smell of small farms. They'd block me if they understood. The name of my dummy—they wonder who is behind it—-sounds like a big joke to them. They can't understand how this country will ever get