Ed leaped up almost clear of the water, he was so nimble, turned a half somersault and made his dive after having located the right pile.
It seemed to Pow Chow as if he was gone an age, and he had almost given the boy up when he at last appeared.
Little did the yellow rascal imagine that he himself would be gone for good before many minutes had passed.
"Well, did you find it?" he cried.
"No," panted Ed. "I worked on the bottom all around the base of the pile, but I couldn't find a thing."
"Too bad! Some one must have got it."
"More than likely after all these years. I'm coming out to get my wind."
There was a standing ladder near by. Ed swam for it and climbed upon the pier, where he sat down on the stringpiece to rest.
"Are you sure you have got the right side of the pier, Pow?" he asked.
"Yes, it is the north side. The paper distinctly says so."