Without a word, Tad Butler hastened to the spot where the animals had been tethered when he went over the cliff. Silently he made a careful inspection of the place.

"Well, what do you think of it?" asked Ned.

"I think I'll walk," answered Tad, thrusting both hands in his trousers pockets. "But I'm going to get my pony back before ever I leave these mountains," he announced quietly.

CHAPTER IX

HORSE THIEVES PAY A SECOND VISIT

Tad was unusually silent while they were packing ready to break camp, but as they got out on the trail he became more talkative. He did not refer to the ponies again on the way, though the lad's mind was working rapidly.

"Do you think we shall be able to hire some ponies of Mr. Munson?" he asked when they had been an hour on their journey.

"I have no doubt of it," answered the Professor. "Perhaps it would be better to buy a couple."

"I don't want to do that just yet. There's the place where we are to leave the trail," he added, pointing to what appeared to be a broad gash in the rocks ahead of them. "We shall have to leave the ponies, what few we have left. I don't suppose the thieves will come back for the rest of them, do you?"

"Hardly," answered the Professor.