In a moment the moon burst through the clouds, illuminating the little valley through which the small stream from the spring flowed, and Ted crept into closer cover. Then into the glade galloped ten men.

Between two of them was swung a small, square thing, which was dropped at the foot of a cottonwood tree not a dozen feet from where Ted was concealed.

A man leaped from the back of a horse. He had a spade in his hand, and as he advanced Ted drew in his breath sharply.

It was Corrigan, the Chicago millionaire. Behind him was Norcross, the banker.

Ted looked vainly for Checkers. If he had been with the robbers at the holdup, he had not come here with them. Meanwhile, the dirt was flying, and a hole was being dug at the foot of the cotton wood.

After it was deep enough an iron box was dropped into it and covered with earth, and silently the men remounted and rode away.

Ted waited about fifteen minutes to be sure that none of them would return. Then he dug into the freshly laid earth and soon had exhumed the iron box. It was somewhat of a heavy load, but he packed it manfully, and in about half an hour carried it in his bag into the living room of the ranch house.

He was greeted with shouts of laughter from Corrigan and several of the others. But Stella looked at him anxiously, and he gave her a reassuring glance.

"Ha, ha!" laughed Corrigan. "What do you think of snipe hunting now?"

"It was a good joke," said the colonel, "but I'm sure you will take it good-naturedly."