Evening Star Newspaper, September 18, 1931, Page 28

T Califor ley for ranchii " His bride christened it Eden never dreaming thtl in later years g silev. The ‘Kers] Eershaw scquires half of the valley. Tive meh Aght 1t it in smok en smoke.” e kilis H ‘and the biood-feud s son Owen all that re- Nate Tichenor is the sole survivor on the Hensley side. Owen is killed in the World War. Nate Tichenor returns after an sbgence o ne vears. He goes to help Lorry in her ear and finds that her father has died of heart disease. INSTALLMENT IV. HILE fate was busy staf a long-drawn tragedy in Eden Valley, Forlorn Valley had not been overlooked by the land- hungry. By 1880 practically every acre of agricultural land in the valley had been homesteaded; the dis- §§ 1 | § g i i H ! } zég 5 7. i i 3 5. i | i bt : hital EHiT il sfiiém' i % E i ) ; i i’gfi%‘ i ¥ i E& d i I E : o} L] ; i % | 5 Eeg 1 ?%ii g i busy mind wes never free from thoughts ; of money-making. Prom banking he reached out and interested himself in i{ such local enterprises as creameries, & lumber yard, the largest local garage with the agency for & r cheap sutomobile and pumps; insur- ance of all kinds. Only once had Babson lost his per- tive on values, and that was during Great War, and for this it would money pay dividends, let down his guard, 8o to speak, and loaned money on farm mortgages. ‘The post-war deflation period and the values of farms and of r ‘cent. of their pres- hat “Value an exceed- ingly doubtful one, Babson had a very vision of hard times in the imme- diate offing. If he foreclosed his mord-- ges he would have the farms on his | ds—likewise their taxes and the loss of interest. { For the sucoeeding four years Mr. ! Babson’s commercial progress was tinc- tured with caution. Then the pendulum commenced to swing the other way very slowly, and one day a brilliant thought | leaped into his harried brain. | He decided to transfer his financial burdens to the capable hands of the rightful receiver of all gold-bricks, to | wit—the Government. From the joint land-stock banks established by the Savernment to aid the stricken farm- ers and stock-raisers he would induce his debtors to borrow on mortgage, at 5, per cent, sufficlent funds to pay | off the existing morty ; held by the Bank of Valley Center. order to sweeten the dea! Mr. Babson even jcorisideres waiving the accumu- lated and unpaid interest for a couple | he wanted back was the | foolish loars, for with | his vaults he knew his bank | ‘would be quite safe. | Promptly he bulldozed & farmer into | making application for such a loan, and with commendable celerity a Govern- his appraisal and deciston. “The Qovernment,” he sald, “will not considey oaning money on California {::;u which ae listed as dry-farming | T { “But these lands are irrigated” Mr. | irrigated and with an assured and con- uous sourcs of water supply.” “So I've loaned money on dry farms because I was imkm enough con- sider them irrigated farms,” Bal almost moaned. He mads a survey of the water situ- ation and discovered to his horror that the wnw: levels w}:’fa ‘lndeed!mcodm % “Creeping paral; That's w] is,” he soliloquized. “And the Bank of Valley Center is the richest patient and will have to pay the heaviest bill for medical attention.” Il as he was, depressed as he was, the old ability to scheme his way out of a tight hole did not desert Silas Babson. He reduced his situation to its lowest common divisor. If surface frri. gation, from a never-failing and ample source of water supply, could be brought to the lands of Forlorn Valley, then Forlorn Valley lands would be classed by a hideous Government as irrigated lands, whose value would immediately return to the old war-time figure. And the Federal farm loan banks would then have no hesitancy in loa: per cent of the appraised value. Therefore, the thing to do was to secure surface irrigation for Forlorn Valley. “Eden Valley Creek,” Babson cried aloud. “A dam in that gorge in the lower end of Eden Valley, kept per- i ennially st & high level by the flood waters of Eden Valley Creek and led or a canal cut through through & tunnel the low hills on the northern rim and down into Forlorn Valley, will do the ‘The next problem was that of acquir- the water, but this Babson did not EV. i must be & simple mal and lake sites to the irrigation district for & sideration that would leave ] quire it, even if he ha buy it cheap. It was worth not & less than a million dollars, bul Savings Bank of San Francisco held & $250,000 first mortgage on it, the mort- was due, Rance Kershaw (Babson ew) could not meet it. Babson doubted if he could refund it in these times, and hence, it would be water rights, but in order to control the water it was an absolute necessity further interest in it; but it had to be impounded on the Bar H before it es- caped off into the bad lands to the east and was lost. Long years of power had instilled arrogance in Sllas Babson, and optimism is ever the handmaiden or arrogance. Having decided ugpn his course of ac- tion, he fell into a refreshing slumber; the next morning he rose at 6 o'clock, a5 usual, did his setting-up exercises, ate a hearty breakfast, watered his lawn, and was down at the bank at 8 o'clock, looking quite his old self and wearing a white rose i3 ‘nis lapel. Emblematic of hope, doubtless. (To Be Continued.) ARMY TO GROOM TEAM Preparatory for the Olympic games at “Los Angeles next Summer, the "‘Anny'a equestrian team was authorized GET AMERICA’S FINEST Low Price Rugs Ph ional 2 FIEE or :mietgfao?ona an B%Olson Catalo; in Colors. . 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