Terry slowed his steaming pony as he rounded the pool. Stories that he had overheard flashed across his mind, ghastly stories whispered by tremulous native lips into credulous brown ears, of the size of the Thing which dwelt here, of its age, its incredible scaly length and girth, its patient devilish cunning; of the toll it had taken of three generations, tales you would not care to hear—like that of the old blind Bogobo who lost his way, and groping for the trail with naked hands—no, you would not care to hear such appalling tales.

Riding the river ledge above the pool he glanced down into the deep, quiet waters but his thoughts snapped back to the present as his pony balked at the edge of the ford. The gray had never balked at water, and attributing the display of vice to fatigue, he tried to gentle him into the shallow water, then touched him with spur—minutes were precious now. Driven by the steel, the gray stepped gingerly into the stream, took several steps, then snorted as he wheeled back to the bank. Terry swung him back sharply and sent the spur deep into the flanks of the trembling beast: half wild with the unaccustomed punishment he dashed into the water and splashed across in frightened bounds that took him up the opposite bank into the brush.

Terry brought the pony round and stroked its neck soothingly to calm the unaccountable terror apparent in the nervous tossing of head and distension of red nostrils. As he guided him along the bank a sound of disturbed water brought Terry's head up sharply: heavy ripples circled away from a spot near the opposite shore just under the ford. As he peered keenly he discerned the indistinct outline of something that looked like a heavy log sink slowly into the dark depths. The pony fretted until they left the river-bank to follow an old trail that led into the woods.

Here Terry held him to a walk, riding cautiously, pausing at each turn of the trail to scrutinize every inch of brush intently, ears alert to faintest sound. He knew he was nearing the deserted huts. He advanced several hundred yards thus, searching for the clearing, listening. Discerning well ahead a space where the sky was open above a cleared area he dismounted, hurriedly knotted the reins to a sapling, snatched his extra pistol from the saddle holster, then crept forward through the early forest twilight, wary, both pistols at full cock.

Creeping round the first bend in the trail he searched the near thickets with penetrating keenness: he knew Malay treachery. His eyes, flashing from side to side, focussed upon a dim, motionless figure outlined in the shadow beneath the trunk of a large tree that stood on the edge of the clearing. His back was to Terry and he seemed engrossed in some silent drama that was being enacted in the clearing out of Terry's field of vision.

Terry crept toward him soundlessly and when he had covered half of the distance that separated them he was overjoyed to recognize him as Matak. As Terry's lips parted in a low call, Matak glided from the tree like a swift shadow just as a shriek of pain and terror rent the silence of the woods, followed by a vowelled curse and the sound of a heavy hand on naked flesh.

As Terry sprang forward to the edge of the clearing he heard behind him the distant sound of ponies driven recklessly through the underbrush, and knew that the Macabebes were coming up!

He halted at the edge of the clearing, unobserved by the crowd of bandits who had sprung out of the three disused huts when Matak leaped into the open: with ready rifles and bolos they awaited the command of their white-eyed leader, who stood in front of them, startled, but coolly confronting the Moro. Ledesma's daughter, who had fallen under Malabanan's heavy blow, staggered to her feet and ran blindly into the arms of a laughing rough whom Terry recognized as Malabanan's companion at the dock—the sardonic Sakay.

For a moment the tableau held. Terry could not see Matak's face but he heard the tense fury of the voice:

"Malabanan, you speak English?"