As soon as breakfast was eaten, Mr. Conroyal arose.

"Now," he said, "that we have all had a night in which to think over the tale of the dead miner we had better get together and decide on what we had best do; and, as Dill suggested last night, we will first talk it over in an informal way. Now, what do you think about the truth of the miner's yarn? That, of course, is the first thing to settle; for there is no need of bothering with the matter at all, unless we feel quite sure that the miner really found a cave something like the one he described to Thure and Bud."

"Well, considering all things," and Frank Holt took the pipe he had lit and was puffing on out of his mouth and laid it down on the table, "and more especially considering the fact, that, when I saw him in Coleman's, he appeared to have just got in from a long prospecting spell in the mountains and to have plenty of gold along with him, and gold of a different kind than is found anywhere around here, I feel quite certain that Stackpole's yarn about finding that Cave of Gold comes pretty nigh to being true, nigh enough at least to be worth investigating."

"Them's my sentiments right down tew a T," declared Ham emphatically. "Whar thar's ben so much smoke, thar's sart'in tew be some fire. I'm in favor of makin' a hunt for th' Cave of Gold; but, afore doin' it, I'd like tew know how that thar wing dam project over in Holt's Gulch is promisin' tew pan out. If 'twon't take tew long, I'd like tew see that job finished afore we have a try for th' Cave of Gold. I reckon we've all put tew many backaches an' armaches intew that dam tew want tew see 'em wasted; an' thar might be a wagon load of gold thar, an', if thar is, we want tew be th' ones tew git it, after all our work."

"Right, Ham's right," asserted Mr. Randolph. "Now, supposing we all go down and have a look at that dam, and try to figure out just about how much longer it will take to finish it, before we decide anything definitely about the hunt for the Cave of Gold. I feel almost sure that we are going to strike it rich there, and I'd hate like sin to see any one else reap where we've sown so many backaches, as Ham says."

"I think Rad has it about right," declared Mr. Conroyal, "and, if there are no objections, we'll all go down to Holt's Gulch and have a look at the wing dam. I fancy it wouldn't please none of us much, after working as hard as we have, to see somebody else step into our boots there and reap a fortune, as like as not they'd do, if we deserted the dam now. I reckon it won't take more than a week to finish the dam; and then a few hours will show whether or not we've struck pay-dirt."

There were no objections made to this proposition, although Rex and Dill and Thure and Bud grumbled a little over the prospect of having the hunt for the Cave of Gold delayed for a week; and, accordingly, all started for Holt's Gulch, so named in honor of its discoverer, Rex Holt.

The gulch was about two miles from Hangtown and was reached by passing up a deep and steep ravine, that split the side of the hill a little above Hangtown, for about a mile, and then up and over the side of the ravine and down into a narrow little valley, into which a little stream of water tumbled through a rent in the walls of rock that nearly enclosed the valley. This rent in the rocks was the entrance to Holt's Gulch; and the dam was being constructed something like half a mile farther up, where the gulch crooked about, like a bent elbow, and widened out a little.

Many of the miners were already at work when our little company passed up the ravine on their way to Holt's Gulch, presenting scenes of the greatest interest and novelty to the unaccustomed eyes of Thure and Bud, as they dug for the precious metal, sometimes up to their knees in mud and water, sometimes so far away from the water that all the pay-dirt had to be carried on their backs to the creek and there panned, but always cheerful and hopeful that they "sure would strike it big soon."

"Now, what might those fellows be doing there? They look as if they might be winnowing wheat; but, of course, that can't be what they are doing," and Thure turned a puzzled face to Ham, as he pointed to where a small company of Mexicans, lank and skinny and black as Arabs of the desert, were gathering the loose dry dirt in large wooden bowls, tossing it up in the air, where the wind could blow away the lighter particles, and dexterously catching it again in their bowls, as it came down, or allowing it to fall on blankets or hides spread on the ground at their feet, in a manner very similar to the ancient method of separating the grain from the chaff.