Brevoort's syndicate was composed altogether of European investors, and that astute financier, fully aware of the great value of Douglass's holdings, was in conference with his colleagues in London, urging their acceptance of the cool million demanded by the hard-headed owner. The day Grace Carter and her mother landed in New York on their homeward passage he had finally achieved his point and immediately cabled Douglass and his Denver banking correspondent to that effect, authorizing the latter to make an initial payment of one-tenth of the required amount to bind the transaction pending his immediate return to complete the deal. At his earnest request Douglass left immediately on receipt of his advice for Denver. Considering the unattractive conditions at the ranch in event of his absence for an indefinite time, it is scarcely to be wondered at that Constance Brevoort elected to accompany him. Three days after their arrival at the metropolis, Grace Carter accompanied by her brother reached Denver on their way to the ranch, having no intimation of the others' presence in the city. In order to distract his sister's mind from her nervous brooding, Robert insisted upon her attendance at the opera, the night of their arrival, and at her listless acquiescence had procured box seats. It chanced to be Carmen, with Calve in the title role. The assemblage was a brilliant one and Calve was at her best. Always an emotional creature, Grace yielded to the fascination of the story and had temporarily forgotten her own troubles when she chanced to glance at the lower box immediately opposite, into which had just entered a man and woman. The woman was Constance Brevoort and her escort was Ken Douglass! Even though clad in the conventional full dress in which she had never before beheld him, there was no mistaking that lean, muscular form and bronzed face. Eagerly she leaned forward, her lips parted and her face flushed with excitement. How wonderful to find him here so unexpectedly; it would shorten her agony at least five blessed days! But--but--why was Constance with him? Unconsciously a chilling wave swept over her and she drew back into the shelter of the box with a vague uneasiness tugging at her heart. Carter, frankly interested in the voluptuous Carmen, had no eyes except for the stage, and did not notice his sister's perturbation. It is worthy of note that she did not call his attention to the occupants of the other box. For as she stealthily watched her betrothed husband's removal of Constance's cloak there was something in the manner of both that drove the color from her face. And when, in an intermission, as he leaned over her, she saw Constance Brevoort's lips laid surreptitiously on his throat, she gave a heart-broken gasp and nervously implored her brother to take her back to the hotel.