The saddle was all right, and so was everything else, so far as Bud could determine in the dark, but he was not satisfied. He thought he understood Jerry's reason for bringing him down to the corrals, but he could not understand Jerry's attitude toward an incident which any man would have called suspicious.

Bud quietly counted noses when he returned to the house and found that supper was being served, but he could not recall any man who was missing now. Every guest and every man on the ranch was present except old Pop, who had a little shack to himself and went to bed at dark every night.

Bud was mystified, and he hated mysteries. Moreover, he was working for Dave Truman, and whatever might concern Little Lost concerned him also. But the men had begun to talk openly of their various “running horses”, and to exchange jibes and boasts and to bet a little on Sunday's races. Bud wanted to miss nothing of that, and Jerry's indifference to the incident at the stable served to reassure him for the time being. He edged close to the group where the talk was loudest, and listened.

A man they called Jeff was trying to jeer his neighbors into betting against a horse called Skeeter, and was finding them too cautious for his liking. He laughed and, happening to catch Bud's eyes upon him, strode forward with an empty tin cup in his hand and slapped Bud friendliwise on the shoulder.

“Why, I bet this singin' kid, that don't know wha I got ner what you fellers has got, ain't scared to take, a chance. Are yuh, kid? What d' yuh think of this pikin' bunch here that has seen Skeeter come in second and third more times 'n what he beat, and yet is afraid to take a chance on rosin' two bits? Whatd' yuh think of 'em? Ain't they an onery bunch?”

“I suppose they hate to lose,” Bud grinned.

“That's it—money 's more to 'em than the sport of kings, which is runnin' horses. This bunch, kid belly-ached till Dave took his horse Boise outa the game, and now, by gosh, they're backin' up from my Skeeter, that has been beat more times than he won.'

“When you pulled him, Jeff!” a mocking voice drawled. “And that was when you wasn't bettin' yourself.”

Jeff turned injuredly to Bud. “Now don't that sound like a piker?” he complained. “It ain't reason to claim I'd pull my own horse. Ain't that the out doinest way to come back at a man that likes a good race?”

Bud swelled his chest and laid his hand on Jeff's shoulder. “Just to show you I'm not a piker,” he cried recklessly, “I'll bet you twenty-five dollars I can beat your Skeeter with my Smoky horse that I rode in here. Is it a go?”