The very first words spoken by Si Peters confirmed the young oarsman’s suspicious.

“What did you do with the valise, Wash?” he asked.

“Left it on the yacht at the cove,” replied Wash Crosby.

“That’s where you made a big mistake.”

“How so?” growled the toady.

“They might take it into their heads to search the yacht.”

“Oh, I guess not.”

“We don’t want to run any chances of being found out.”

“We’re all right; don’t worry.”

“Perhaps we are and perhaps we are not.”