"That's just what it is," returned the other, gravely. "Some fellows came here to-night prepared to throw this stuff over one end of the old shed, and start a fire going. Perhaps they even meant to break in, and scatter the oil over the boat, so nothing could save it, once the fire got started. We've nipped as mean a little game in the bud as I ever heard about."

Colon turned on the prisoner with a black face, and gritting teeth.

"Who set you on to this thing, Jimmerson?" he demanded. "You never thought of it by yourself, because you haven't got the brains. Tell me now, wasn't it Buck Lemington who got you to come here, and try to set the shed afire?"

Conrad tried to look defiant, but somehow he lacked the spirit. He saw those two frowning lads on either side of him, as he stood there leaning against the wall of the boathouse, his ankles tied with the rope; and he began to weaken.

"I never would a' thought of coming here to spy if it wasn't for——" he had just started to say, when there came a loud whistle, twice repeated, from outside, which must have been recognized by the fellow as a terrible threat of what would happen to him if he opened his lips to betray his cronies; for he shivered as if he had been showered with ice water, nor could they influence him after that, either by threats or promises, to say another word.

Fear of what Buck would do seemed to have a greater influence over him than the possibility of punishment because of what he had tried to do. One was sure, while the other might be set down as only a chance.

Besides, perhaps the fellow began to realize that Fred and Colon really could not prove that he had been carrying that bundle of old rags, as well as the bottle containing the kerosene. No court would decide that because they had been found there on the ground, he had brought them.

Fred understood this and it was what made him say presently:

"Well, we might as well let this fellow loose, Colon. After all, the proof, if there is any, must rest in these rags and this bottle. If we can find out just where they came from, we'll be satisfied in our own minds whom we have to thank for this midnight alarm."

"Just as if there could be any doubt about it!" scoffed Colon. "Didn't we hear that whistle, and don't I know who gave it? Buck carries a little silver whistle and likes to communicate with his bunch that way. They've got a regular code, I've heard tell. And didn't you notice how quick Conrad, here, buttoned up his lips when he heard that order to keep mum?"