“Are you all right, Andy?” asked Pepper, when he felt strong enough to speak.

“I—I guess so,” was the gasped-out answer. “But say, I don’t want to go through anything like that again!”

“Nor I! We came close to being drowned!”

“Yes, and close to having our heads pounded to a jelly!”

“Where do you suppose we are?”

“Somewhere among the rocks below the old mill. Instead of following the river we were caught in a side stream that flows under and between the rocks. I suppose we can be thankful that our lives were spared.”

“Yes, indeed!”

For several minutes the cadets were content to rest and gather their scattered wits together. The game of hare and hounds was completely forgotten until Andy chanced to glance at a big water-soaked paper still slung over his shoulder.

“Wonder what became of the other fellows,” said he.

“I hope they didn’t fall down the hole,” answered Pepper. “But if they did I reckon we would have heard it,” he added.