After spluttering for a minute or two, so that he could get rid of the balance of the water he had swallowed, Peg faced the two chums.

Strange to say he did not seem to consider that Frank had placed him under any obligations in the least when he dragged him out of the water.

"See what you did," Peg exclaimed, now spluttering with burning anger. "What d'ye mean pointing your old gun up at me, and making as if you meant to shoot?"

"Oh!" remarked Bob, elevating his eyebrows; "was that what forced you to take that header down the slope? Well, now, we had an idea you were so glad to see us that you just couldn't wait to walk down, but wanted to fly! But, if I was to blame at all for your trouble, I'm sure I'm sorry. But you see, we didn't know whether we were going to be held up by rustlers or Indians. That's what comes from hiding, Peg."

"Bah! guess I'll do just whatever I want," spluttered the other, wiping his dripping face on his sleeve without doing either much good, however. "And do you know what I think?"

"Well, no, I must say I don't happen to be a mind reader, Peg. Suppose you tell me," replied the unruffled Bob, who had taken the measure of the other, and knew he might be set down as a great boaster, but one not particularly dangerous when it came to a show-down.

"I believe you just did that on purpose, that's what," Peg went on, hotly. "You've got it in for me ever since that time we had our little affair, when I laid a hand on the Mexican girl who sassed me. You just knew I'd jump up in a hurry if you made out you was going to shoot; and I bet you even remembered this lake at the bottom of the slope. Oh! it worked all right; but don't you forget; my time will come. I'm going to pay you back in full! I've got friends who'll stick by me, all right. Bah! what're you two fellers doing here on Thunder Mountain, anyhow?"

A new suspicion had apparently seized upon Peg. He viewed their presence as a personal insult; just as though they might have plotted to forestall him in the glorious adventure he had planned to carry out.

"Well, if the old mountain belongs to you," spoke up Frank, thinking it time he took a hand in the talk, "we'll ask you to excuse us, and back out. But I don't think you have any claim on it; so we'll hang around as long as we see fit. And remember this, Peg, we're going to mind our own business; but we don't stand for any bother from you, or those with you. Understand that?"

Peg looked at him long and steadily. The eyes of Frank never wavered in the slightest degree.