“Good!” cried Mallison.

“Where’d Noddy get all that money?” asked Ned.

“He must have held up and robbed the stage,” suggested Jerry.

“Or else they found the Blue Rock treasure chest,” added Bob.

“Ho! Ho!” laughed the horse dealer. “So you’ve heard that yarn, too, have you?”

“Do you think it’s a yarn?” asked Jerry.

“Sure! A yarn, a fairy story, and nothing else! Ask Mr. Mallison here—he’ll tell you!”

“Oh, Tinny never believed in it,” said Jerry. “No use asking him.”

“I’m beginning to doubt it a little myself,” admitted Bob.