"Perhaps they are the men going to guard the Lost Lode for the night," Horace whispered. "They wouldn't need a trail to walk on, father."

"Steady, boy, steady," returned the ranchman. "Those men are flesh and blood, don't worry about that. Who they are I don't know. Probably some hunters like ourselves."

"That couldn't be the way to the mine, could it?" hazarded Larry, whose eagerness to discover a silver mine had received new impetus. "Can't we go there to-morrow and find out?"

"We'll see when to-morrow comes," declared Mr. Wilder. "But there's no occasion to get excited. The mountains are full of men hunting and prospecting all the time. Come on, we'll camp under that big tree up there to the right. Whoever gets there first will be boss of the camp."

The challenge for a race, with the honor of being in command of the hunt as the prize, served to take the boys' thoughts from the mysterious men on the trail as nothing else could, and quickly they leaped their ponies forward.

The spot selected by the ranchman for their night's bivouac was about a quarter of a mile away and in the opposite direction from the cliffs.

Yelling like young Indians, the boys urged their jaded ponies to greater efforts.

Tom and Horace, being lighter than the others, had not tried their mounts so much, and rapidly they drew ahead.

"We simply must beat them," called Bill to Larry. "If they get in first, they'll make us haul all the water and wash dishes—at least Horace will, if he wins."

Leaning over their ponies' necks and rising in the saddles to lighten their weight as much as possible, the two elder boys set out to overtake their brothers.