"When will Panchito be ripe to enter in a mile and a sixteenth race?" he asked Parker. "About the middle of November. The winter meeting will be on at Tia Juana, Baja California, then, and Leighton wants to give him a few try-outs there in fast company over a much shorter course. We will win with him in a field of ordinary nags and we will be careful not to win too far or too spectacularly. We have had his registry brought up to date and of course you will be of record as his owner. In view of our plans, it would never do for Danny and me to be connected with him in any way." Don Mike nodded and rode over to Agua Caliente Basin to visit Bill Conway. Mr. Conway was still on the job, albeit Don Mike hazarded a guess that the old schemer had spent almost two hundred thousand dollars. His dam was, as he facetiously remarked, "taking concrete shape," and he was rushing the job in order to have the structure thoroughly dry and "set" against the coming of the winter rains. To his signal relief, Farrel asked him no embarrassing questions regarding the identity of the extremely kind-hearted person who was financing him; he noticed that his young friend appeared a trifle pre-occupied and depressed. And well he might be. The secret knowledge that he was obligated to Kay Parker to the extent of the cost of this dam was irritating to his pride; while he felt that her loving interest and sympathy, so tremendously manifested, was in itself a debt he would always rejoice in because he never could hope to repay it, it did irk him to be placed in the position of never being able to admit his knowledge of her action. He prayed that Bill Conway would be enabled to complete the dam as per his contract; that Judge Morton would then rush to trial Conway's suit for damages against Parker for non-performance of contract; that Conway would be enabled immediately to reimburse himself through Parker's assets which he had attached, repay Kay and close the transaction. On November fifteenth Danny Leighton announced that Panchito was "right on edge" and, with a few weeks of experience in professional company, fit to make the race of his career. The winter meeting was already on at Tia Juana and, with Farrel's consent, Panchito was lovingly deposited in a well-padded crate mounted on a motor truck and transported to El Toro. Here he was loaded in an express car and, guarded by Don Mike, shipped not to Tia Juana, as Parker and his trainer both supposed he would be, but to San Diego, sixteen miles north of the international boundary--a change of plan originating with Farrel and by him kept a secret from Parker and Danny Leighton. With Panchito went an ancient Saratoga trunk, Pablo Artelan, and little Allesandro Trujillo, ragged and bare-footed as usual.