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Madame Bo-Peep, of the Ranches
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to me more like a liability than an asset. Those are the places where the centipedes are found, and cowboys, and fandangos.”

“‘The Rancho de las Sombras,’” read Octavia from a sheet of violently purple typewriting, “‘is situated one hundred and ten miles southeast of San Antonio, and thirty-eight miles from its nearest railroad station, Nopal, on the I. and G. N. Ranch, consists of 7,680 acres of well-watered land, with title conferred by State patents, and twenty-two sections, or 14,080 acres, partly under yearly running lease and partly bought under State’s twenty-year-purchase act. Eight thousand graded merino sheep, with the necessary equipment of horses, vehicles and general ranch paraphernalia. Ranch-house built of brick, with six rooms comfortably furnished according to the requirements of the climate. All within a strong barbed-wire fence.

“‘The present ranch manager seems to be competent and reliable, and is rapidly placing upon a paying basis a business that, in other hands, had been allowed to suffer from neglect and misconduct.

“‘This property was secured by Colonel Beaupree in a deal with a Western irrigation syndicate, and the title to it seems to be perfect. With careful management and the natural increase of land values, it ought to be made the foundation for a comfortable fortune for its owner.’”

When Octavia ceased reading, Aunt Ellen uttered something as near a sniff as her breeding permitted.

“The prospectus,” she said, with uncompromising