"Say, his heart must be as big as a bushel-basket, Hugh," admitted Thad, as they walked along, heading for the open square in the center of the town.

Two minutes later and Thad gave vent to an ejaculation.

"It's all up now, Hugh!" he said, in a half-disappointed tone.

"What is?" demanded his comrade wonderingly.

"The Chief has arrested Tip Slavin, I mean. He must have heard what Owen Dugdale had to say about meeting Tip Slavin smoking a cigarette on the road to the mill-pond, and set a trap for him. He's just stopped his big car in front of Headquarters, and one of his men is lifting out a load of stuff, doubtless the plunder Tip cached in the woods up there. And the Chief has his hand on Tip's shoulder as they get out. I notice that Tip has lost his arrogant look, and seems badly scared, too!"

CHAPTER XII

TIP SATISFIES HIS CRAVING—AND LOSES

"Let's step over and see how it happened, Hugh!"

As Hugh himself was not averse to picking up some information along that same line, the two chums entered the station-house just after the Chief and his man. The latter officer had placed the large package done up in a burlap bag on the floor. He was grinning, as though considerably pleased with the final results of the raid. Chief Wambold, too, was indulging in a smile as the boys entered; he even winked one eye at Thad, as though in a particularly good humor.

But there was one person present who did not seem to be in a happy frame of mind. That was Tip. He looked "in the dumps," as Thad expressed it; and on seeing the boys enter dropped his chin upon his breast in shame. All the bravado was gone from his demeanor now; he knew that with that evidence against him he was headed for the House of Refuge on a fast train.