It was half-past ten that forenoon when they reached Waverley, and they found that it was indeed cold. The thermometer stood at five above zero; the snow was dry as powder underfoot, and the little backwoods village looked frozen up. But it was sunny, and the biting air was full of the freshness of the woods, and the spirits of all the boys rose jubilantly.

The laden toboggan had come up on the same train with them, and they saw it taken out of the express car. Leaving it at the station, they went to the village hotel, where they ate an early dinner, and changed from their civilized clothes to the caps, sweaters, and Hudson Bay "duffel" trousers that they had brought in their suit-cases.

They had been the only passengers to leave the train, and their arrival produced quite a stir in Waverley. It was not the season for camping parties, nor for hunting, and no one went into the woods for pleasure in the winter. The toboggan with its steel runners drew a curious group at the station.

"Goin' in after moose?" inquired an old woodsman while they were at dinner.

"No," replied Peter.

"Goin' up to the pulpwood camps, mebbe?"

"No."

"What might ye be goin' into the woods fer?" he persisted, after some moments.

"We might be going in after gold," answered Maurice gravely.

He did not mean it to be taken seriously, but he forgot that gold is mined in several parts of northern Ontario. Before many hours the word spread that a big winter gold strike had been made up north, and a party from the city was already going to the spot, so that for several weeks the village was in a state of excitement.