Late to-night or early to-morrow he would go down the trail into Packard's Grab, the valley which had been his grandfather's and, because of a burst of reckless generosity on the part of the old man, Steve's father's also. But never Steve's, pondered the man on the horse; word of his father's death had come to him five months ago and with it word of Phil Packard's speculations and sweeping losses. But never had money's coming and money's going been a serious concern of Steve Packard; and now his anticipation was sufficiently keen. The world was his; he had no need of a legal paper to state that the small fragment of the world known as Ranch Number Ten belonged to him. He could ride upon it again, perhaps find one like old Bill Royce, the foreman, left. And then he could go on until he came to the other Packard ranch where his grandfather had lived and still might be living. After all of this--Well, there were many sunny beaches here and there along the seven seas where he had still to lie and sun himself. Now it was a pure joy to note how the boles of pine and cedar pointed straight toward the clear, cloudless blue; how the little streams trickled through their worn courses; how the quail scurried to their brushy retreats; how the sunlight splashed warm and golden through the branches; how valleys widened and narrowed and the thickly timbered ravines made a delightful and tempting coolness upon the mountainsides. It was an adventure with its own thrill to ride around a bend in the narrow trail and be greeted by an old, well-remembered landmark: a flat-topped boulder where he had lain when a boy, looking up at the sky and thrilling to the whispered promises of life; or a pool where he had fished or swum; or a tree he had climbed or from whose branches he had shot a gray squirrel. A wagon-road which he might have taken he abandoned for a trail which better suited his present fancy since it led with closer intimacy into the woods. It was late afternoon when he came to the gentle rise which gave first glint of the little lake so like a blue jewel set in the dusty green of the wooded slopes. As he rose in his stirrups to gaze down a vista through the tree-trunks, he saw the bright, vivid blue of a cloak. "Now, there's a woman," thought Packard without enthusiasm. "The woods were quite well enough alone without her. As I suppose Eden was. But along she comes just the same. And of course she must pick out the one dangerous spot on the whole lake shore to display herself on." For he knew how, just yonder where the blue cloak caught the sunlight, there was a sheer bank and how the lapping water had cut into it, gouging it out year after year so that the loose soil above was always ready to crumble and spill into the lake. The wearer of the bright garment stirred and stood up, her back still toward him. "Young girl, most likely," he hazarded an opinion.