“Don't make any noise!” he whispered. “Bony is over on that point.”

I looked and I saw him. It was pretty far across the Slough and Bony couldn't hear us if we whispered.

“Well, he can't hear us, can he?” I whispered back.

“No,” Swatty said and then he climbed over beside me and sat on a root. “There's a man down there,” he said and he pointed.

“I heard him spit.” I whispered. I began to feel scary because there was n't any use for Swatty to be so whispery unless there was something to feel scary at, was there?

“He's got Bony's father's signet ring,” Swatty whispered. “Anyway, I guess he's got it. He's got a ring like what Bony says his father's ring is like. He's fishing and he's got the ring on his thumb.”

Well, then I knew what Swatty had done. While I was asleep he had sneaked down to see what luck the man was having and he had seen the ring.

“Gee!” I said.

Swatty sat awhile with his forehead wrinkled and looked at the Slough and he was thinking.

“Garsh!” he said; “I'd like to be the one to get that fifty dollars. I wish I knew for certain it is Bony's father's ring. Fifty dollars is a lot of money. If I had it I'd put it in the bank.”