“What evidence?” asked Leo, bewildered.

The circus treasurer mentioned the red strips.

“I never placed them there,” declared Leo. “Somebody has been tampering with that trunk.”

“That’s too thin,” sneered Giles.

“Of course it’s too thin,” put in Snipper, who was watching the scene with an ill-concealed smile of triumph on his face.

Leo looked at the gymnast sharply. Then he suddenly bounded toward Snipper and ran him up against a pile of boxes.

“You scoundrel! This is some of your work! I can see it in your face.”

He choked Snipper until the man was red in the face.

“Let—let me go!” gasped the second-rate gymnast finally.

“Let him go, Dunbar,” ordered Giles, and caught Leo by the collar.