CHAPTER XIV. MANUEL TO THE RESCUE

 Valencia Valdes did not conform closely to the ideal her preceptress at the Washington finishing school had held as to what constitutes a perfect lady. Occasionally her activities shocked Manuel, who held to the ancient view that maidens should come to matrimony with the innocence born of conventual ignorance. He would have preferred his wife to be a clinging vine, but in the case of Valencia this would be impossible.

No woman in New Mexico could ride better than the heiress of the Rio Chama. She could throw a rope as well as some of her vaqueros. At least one bearskin lay on the floor of her study as a witness to her prowess as a Diana. Many a time she had fished the river in waders and brought back with her to the ranch a creel full of trout. Years in the untempered sun and wind of the southwest had given her a sturdiness of body unusual in a girl so slenderly fashioned. The responsibility of large affairs had added to this an independence of judgment that would have annoyed Don Manuel if he had been less in love.

Against the advice of both Pesquiera and her foreman she had about a year before this time largely increased her holdings in cattle, at the same time investing heavily in improved breeding stock. Her justification had been that the cost of beef, based on the law of supply and demand, was bound to continue on the rise.

"But how do you know, Dona?" her perplexed major domo had asked."Twenty--fifteen years ago everybody had cattle and lost money. Prices are high to-day, but manana----"

"To-morrow they will be higher. It's just a matter of arithmetic, Fernando. There are seventeen million less cattle in the country than there were eight years ago. The government reports s