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tion could usually borrow some money on which to raise a crop. Bob's mind again came back to the Red Butte Ranch. It was so big that it almost swamped his imagination, but if he was going to do big things he must think big. If he could possibly sublease that ranch from Benson. But it would take $100,000 to finance a five-thousand-acre cotton crop. Then he thought of Jim Crill, the old man of the Texas oil fields who was looking for investments. It was daring enough to seem almost fantastic, but Bob quickened his step and turned toward the depot. He could yet catch the morning train for Los Angeles. But he passed Benson on the way. The same morning Bob called at the Los Angeles office Benson went to Reedy Jenkins in Calexico. The Red Butte lease had three years to run. Benson began by offering the lease and all the equipment for $40,000. He had spent more than $90,000 on it. Reedy pushed back the long black lock of hair from his forehead, shook his head lugubriously, and grew pessimistically oratorical. Things were very unsettled over the line: there was talk of increased Mexican duty on cotton, of a raise in water rates; the price of cotton was down; ranchers were coming out instead of going in; no sale at all for leases. He himself had not had an offer for a lease in two months. They dickered for an hour. Reedy watching with a gloating shrewdness the impractical fellow who had tried to farm with money. He knew Benson had lost money on the last crop, and besides had been thoroughly scared by the sly Madrigal. "I'm tired of the whole thing." Benson spoke with annoyed vexation. "I tell you what I'll do: I'll walk off the ranch and leave you the whole damn thing for $20,000." "I'll take it." Reedy knew when the limit was reached. "I'll pay you $2,000 now to bind the bargain; and the balance within ten days." As Benson left the office with the check, Reedy began figuring feverishly. It was the biggest thing he had ever pulled off. The lease, even with cotton selling for only eight cents, was worth certainly $50,000, the equipment at least $10,000 more. And the five thousand acres was already planted and coming up! In the Imperial Valley the planting is by far the most expensive part of the cotton crop up to picking. It costs from seven to ten dollars an acre to get it planted; after that it is easy. There are so few weeds and so little grass that one man, with a little extra help once
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