Nell heard the grated threat, and shivered, but the look of determination grew in her white, thin face and shone brighter in her glittering eyes.

Thornton waited until the party was near enough to make the shot safe, but still far enough off to enable him to plunge into the undergrowth and lose himself to pursuit before any one could reach him.

Then he threw the long rifle to his cheek, ran his eyes down the brown barrel, and covered Frank Merriwell’s heart with the sights. Though his eyes were blazing, his muscles seemed as steady as iron.

The finger pressed the trigger, and there was a whip-like report.

But the bullet did not reach Frank Merriwell!

Just as Thornton’s finger pressed on the trigger, Nell leaped from the bushes that screened her and caught at his arm, thrusting the rifle aside.

With a shriek, Ward Hammond threw up his arms and dropped to the ground.

The bullet intended for Merriwell had lodged in the body of his enemy.

CHAPTER X—NELL’S LETTER

“How is Hammond this morning?” Frank anxiously asked of Browning, whom he joined near the boathouse. “Have the doctors found the bullet yet?”