The horsemen formed a circle about the captives, moving at a signal from the leader, who did not seem inclined to waste words.

"Brothers o' ther Black Caps," said the leader, "what is ther fate we-uns gives ter revenues?"

"Death!"

Every man in the circle uttered the word, and they spoke all together. It sounded dismal and blood-chilling.

"Right," bowed the leader. "Now, why are we assembled ter-night?"

"Ter dispose o' spies," chorused the Black Caps.

"Where are they?"

"Thar!"

Each one of the black-hooded band extended a hand and pointed straight at the captive boys.

"How shall they be disposed uv?" asked the leader.