It was short talk but to the point.

“How did it happen?” Mr. Watson demanded, and when the cowboy admitted that the raid took place while he and his companion slept, the foreman became angry for one of the few times the boys had seen him in that condition.

“Get off the ranch! You’re discharged!” he called to the cowboys. “A tenderfoot could have done better!”

There was more than the usual buzz of excitement about the ranch when the news of the cattle raid became known. It proved, at least to Ned, Bob and Jerry, that the rustlers were still in the neighborhood and if they were, and had captured the professor, there was a chance to rescue him.

“Your father will feel still more greatly disappointed in us when he hears there’s been another raid,” said Jerry to Ned.

“I don’t intend he shall hear of it right away,” was the answer; and when Jerry pressed for an explanation his chum said he was going to ask the foreman not to telegraph word of the theft to Mr. Slade for a few days.

“I want to have an opportunity to see what we can do,” went on Ned. “It may be our last chance. A few days’ delay in letting dad know won’t do him any harm, and it will allow us to keep on trying to solve the mystery. If we can’t, in a reasonable time, I’m willing to quit, and let the New York detective try his hand.”

“Well, maybe it will be wise,” agreed Jerry. “But we’ll put in our best licks on this last chance. It does seem as though we ought to get some sort of clue to the thieves after all these tries.”

As the cowboys who had reported the raid did not know what time it took place, except at some hour during the night, it could not be said how much of a start the thieves had. It was seven hours at least, for the men had reached the ranch house about noon, and they had awakened at daylight to find the cattle gone. More likely it was ten hours, and that was a good start.