"Because if any of you would, I, or any of my friends, will be glad to accommodate you," he added.

An ominous growl came from some one back in the crowd.

"Would you like some of it?" asked Ted, turning suddenly in that direction.

He waited for several moments for an answer, but none came.

"Now, you fellows, I want to say that this incident is closed," said he firmly. "You are beaten every way from the jack, as you would say. You put up this race to skin innocent parties, and you thought to use my friends for your purposes, and have failed. The face was fairly won by our horse, and that goes. If any man doubts it, I will prove it to him by any means he wishes, from fists up to howitzers. You have made a lot of fools of yourselves by allowing an old crook like Norris to play in with you. I haven't a bit of sympathy for you. I'm glad you lost your money, and I'd feel gladder if you all went broke. This is the end of this adventure. Where's Norris? We want that magpie horse which we won."

The men dispersed after this speech, which closed with a ringing cheer from the broncho boys and the cow-punchers and other friends of Hatrack.

But Norris could not be found. He and the horse and the jockey had disappeared. Ted rounded the boys up, and all were present except Kit.

"Where's Kit?" he asked.

"Don't know," said Bud. "He was around here a few minutes ago. Reckon he's somewhere about."

The crowd having dispersed uptown, a search was made for Kit, but he could not be found.