Elijah had no difficulty in securing options on the land which he and Mrs. MacGregor had selected. They had, however, underestimated the apathy of the Mexican owners, who, while perfectly willing to give options with no preliminary payments, were adamant as to the length of time to which the options should be extended. Mrs. MacGregor smiled reassuringly upon Elijah when he had stated his difficulty. "The time is ample. I have some means at my command." Elijah asked no questions and she tendered no explanations. When, however, the time passed by and the deeds came to be actually transferred, his unasked questions were answered. Not a cent of the money, not a single negotiable paper which went into the preliminary payments, was in Eunice MacGregor's name, except that as by power of attorney, she had acted for her absent ward. Elijah, remembering his transactions with the Pacific bank, could say nothing. Mrs. MacGregor had only one more obstacle to overcome. At first, as guardian, later as trusted financial agent, with full power of attorney, she could manage her ward's fortune as she would; but at any time this power might be dissolved and she be called to a full accounting. This done, and it was a continual menace, Mrs. MacGregor would be in no position either to take or to demand a share in her ward's investments. She proposed to remain in this doubtful position just as short a time as possible. A deed to a property bought with her ward's money, would leave no scattering crumbs which she could gather for herself. With the deed made over to a company, the case would be different. Her ward's money would in this case, lose its identity. A ten per cent interest in a capitalization of two millions, could be balanced with two hundred thousand of its stock at par, and leave Elijah and Mrs. MacGregor to repay themselves for their efforts. This was earnestly talked over between the two. Elijah was not at all easy in his mind; but he could say nothing. He had tried; but he was no match for Mrs. MacGregor's polished logic. Mrs. MacGregor not only made no objections to including Helen Lonsdale in their arrangements, but had on the contrary, kept her interests a prominent figure in their transactions. She had no question but that in this way she would bind Helen closely to herself. "Look at the facts squarely," said Mrs. MacGregor to Elijah. "Your supply of water is almost here. There is only a small hill between the main canal of the Las Cruces and us. A few thousand dollars will tunnel the mountain. A few thousand more will take the water within reach of every hundred acres. We have given three hundred thousand dollars for this land. Even at fifty dollars an acre, it is worth ten million dollars. My ward's two hundred thousand dollars will grow to one million dollars. Isn't that a justification for you and me as well?" Elijah shook his head. "If it should fail?"