"This is the situation in a nutshell, to come right down to business," said the former bully of Putnam Hall coolly. "You are our prisoners, and you can't get away, no matter how hard you try. Captain Villaire and his men, as well as myself, are in this affair to make money. The question is, what is your liberty worth to you?"

"So you intend to work such a game?" demanded Dick.

"That's the game, yes."

"Well, I shan't pay you a cent."

"Don't be a fool, Dick Rover. We are not to be trifled with."

"Well, I haven't any money, and that ends it. You already have all I had."

"Then you will have to foot the bill," continued Dan Baxter, turning to Randolph Rover.

"If you value your liberty you will pay us what we demand."

"And what do you demand?" questioned Mr. Rover.

"We demand twenty thousand dollars—ten thousand for the liberty of each."