Collins went out and closed the door and Ned set about his toilet. He did not know what to make of the alleged steam pump salesman. At times he appeared to be perfectly frank and honest, then there would come to his eyes a look of half-concealed cunning and greed which put the boy on his guard.

However, Ned thought, the correct way to fathom the fellow's intentions would be to remain in his company as much as possible. So the boy bathed and dressed and went down to Collins in the lobby with a cheerful face.

During the meal Collins talked incessantly of the country and his prospects in South America. Ned listened, saying little, even in the short spaces of silence. He was waiting for the fellow to strike some chord which tuned with his actions of the night before. At last it came.

"I'm thinking of going over to Asuncion," he said, when the meal was nearly over. "There are mines over that way, and I may stand a chance of selling a pump. Rotten luck in Peru, and I can't afford to spend all this expense money and not sell a thing. I hear that there are a few Americans over in Paraguay," he added, tentatively, smiling over at Ned.

"I know very little about the country," Ned said, coolly, fearful that Collins would drop that line of conversation, "and I never heard that foreigners of any sort were made welcome in Paraguay. I don't think we'll go out of our way any to visit that hot little republic."

Collins looked disappointed. Ned could see that. In a moment he tried again to bring the subject out, but Ned seemed entirely indifferent.

When the two left the hotel and walked in the direction of the sand lot where the Nelson had been left, the boy was fully satisfied that Collins was in league with his enemies. For all he knew, the fellow might be the very man who was trying to get Lyman's concession away from him. This might be the man who was bribing the crooked military chief to make it impossible for the cattle man to carry out his contract.

"What time did the Nelson leave?" Ned asked, as they drew near a little group of natives standing on the sand lot.

"Not far from nine," was the reply.

"I didn't think Jimmie would be out that early," laughed Ned. "He is a little sleepy head, ordinarily."