"You bet it is," cried Billy.

"Well then, I claim he's a company horse an' you an' me an' Maurice is that company. Now, that's settled, let me tell you what Maurice and me was talkin' about when you met us."

Billy unsnapped the tie-strap from Thomas' halter so that he might crop the wayside grass without hindrance and sat down on a log opposite the one occupied by his friends.

Jim nudged Maurice but Maurice shook his head. "You tell him," he said.

"Bill," Jim cried eagerly. "I got a bit of news for you that'll make you want to stand on your head and kick splinters off the trees."

Billy grinned. "An' I got a piece of news fer you fellers, too," he returned. "But go on, your news first, Jim."

"Teacher Stanhope has made over a deed of Lost Man's Swamp to you, Bill," said Jim. "I heard Dad telling Mr. Hinter all about it. Dad was there when Lawyer Maddoc drew up the deed—Maurice, you crazy hyena, will you keep quiet?"

Maurice had rolled backward off the log, the while he emitted cries that would have done a scalp-hunting Indian credit. "Three cheers fer Bill!" he yelled. "He discovered Lost Man's Swamp oil field. Trigger Finger Tim ain't got nuthin' on our Bill."

Billy was standing up now, his perplexed face turned questioningly on his chums.

"That's right, Bill," cried Jim. "You really did discover it, you know. Hinter said he was the only one who knew the oil was there until you rafted out to the ponds and saw the oil-bubbles breakin' on 'em. He says that a fortune likely lies there, so you see—"