The boys climbed onto the roof of the tower, which swayed under their weight. Both fully realized their peril.

“We can’t give up now!” said Frank, and scrambled over the surface of the roof until he reached the trap door. Joe followed. They unlatched and raised the door, then peered down into the recesses of the abandoned water tank. It was about seven feet in depth and twelve in diameter.

Frank lowered himself through the opening, but clung to the rim until he was sure, from feeling around with his feet, that the floor would not break through. “It’s okay,” he told Joe, who followed his brother inside.

Eagerly the boys peered about the dim interior. The place seemed to be partly filled with rubbish. There was a quantity of old lumber, miscellaneous bits of steel rails, battered tin pails, and crowbars, all piled in helter-skelter fashion. At first glance there was no sign of the Applegates’ stolen possessions.

“The jewels and bonds must be here somewhere,” Joe declared. “But if Jackley did put the stuff here, he wouldn’t have left it right out in the open. It’s probably hidden under some of this junk.”

Frank pulled out a flashlight and swung it around. In its glow Joe began to hunt frantically, casting aside the old pails and pieces of lumber. One entire half of the tower was searched without result. Frank turned the flashlight to the far side and noted that a number of boards had been piled up in a rather orderly crisscrossed manner. “Joe,” said Frank, “I’d say these boards hadn’t been thrown here accidentally. It sure looks as if somebody had placed them deliberately to hide something underneath.” “You’re right.”

Like a terrier after a bone, Joe dived toward the pile. Hastily he pulled away the boards.

Revealed in the neat little hiding place lay a bag. It was an ordinary gunny sack, but as Joe dragged it out he felt sure that the search for the Applegate property had come to an end. “This must be it!” he exulted. “The Tower treasure!” Frank smothered a whoop of joy.

Joe carried the sack into the light beneath the trap door.

“Hurry up! Open it!” Frank urged.