“This caps the whole business!” burst from Hodge.

“I can’t believe that,” said Merriwell, slowly. “How do you know, Havener?”

“His baggage is gone. Garland and Dunton traced him to the station. They were just in time to see him board an eastbound train as it pulled out. He has deserted us.”

CHAPTER II.—DARKNESS AND DAWN.

Frank could not express his astonishment.

“I can’t believe it,” he repeated. “Folansbee would not do such a thing.”

Hodge laughed shortly, harshly.

“You have altogether too much confidence in human nature, Merry,” he said. “I never took much stock in this Folansbee. He is just the sort of person I would expect to do such a trick.”

“The company is hot, Merriwell,” said Havener. “They’re ready to eat you.”

“Me?”