Inspector Val was wrong; ten minutes, twenty minutes elapsed, and no one to emerge from the drain. Inspector Val, placing his two aids on guard, said that he and Richard would investigate. Bearing a dark lantern, he took the lead and Richard followed. About twenty rods up the drain, Inspector Val stumbled and all but pitched upon his face.

"Look out!" he cried, by way of warning.

The next moment Richard set his foot on something soft and yielding, which exploded with a great noise.

"One of those rubber propositions," explained Inspector Val.

By the light of the lamp, and as far up the drain as his eye would reach, Richard beheld a seemingly endless file of circular rubber air-cushions, mates of the one Inspector Val had brought him. On the six-inch depth of water which raced along the cushions were floating light as corks; in the center of each reposed a canvas sack of gold. As Steamboat Dan explained, this long line of argosies had been brought to a standstill by laying an iron bar across so as to detain the little rubber-rafts while the stream ran on. Inspector Val had tripped over this bar. Remove the detaining iron bar, and the released flotilla would sail downward to the mouth of the drain and deliver its yellow freight of gold to whomsoever waited to receive it.

Richard and Inspector Val continued up the drain, the latter wary and ready for Storri, whom he every moment hoped to meet. There appeared no Storri; the two explorers at last reached London Bill's tunnel, finding nothing during their march but a solid procession of richly freighted rubber rafts—three-quarters of a mile of gold!

"There's four millions of dollars between here and the river," said Inspector Val.

Richard and his guide paused where London Bill's tunnel opened into the drain. Flashing his lamp about, Inspector Val showed Richard where London Bill had built a platform on which to store the rubber rafts before inflating and launching them down-stream, each with its five-thousand-dollar cargo of gold.

"Did you ever see sweeter arrangements!" whispered Inspector Val, in an ecstasy of admiration.

Bidding Richard remain where he was, Inspector Val, revolver in one hand, dark-lantern in the other, bent low his head and disappeared in London Bill's tunnel. He was gone an age as it seemed to Richard. Then he reappeared, and soberly brushed the clay from his garments.