In a moment he drew forth a folded paper, covered with figures in pencil. The figures were in columns, as if the maker had been setting down items of expense and adding them up. The total was in the millions. The calculations of a cattleman, covering shipments and receipts!

Ned continued his search of the coat and presently came upon a packet of letters, all enclosed in envelopes and neatly ticketed on the back. They were enclosed in a rubber band, and showed careful handling.

And the envelopes, every one of them, were addressed to Dr. Horace
M. Lyman, Asuncion, Paraguay!

CHAPTER X

DINNER IS SERVED

Ned stepped to the mouth of the cavern and looked out. Jimmie was making his way back to the machine, empty handed and evidently dejected. Ned gave a sharp whistle and beckoned to the lad when he looked up.

He did not care to make any unnecessary noise there, for he believed that Collins was not far away.

He was now half convinced that Lyman had been secreted in that vicinity after being abducted from Paraguay; that he had been closely guarded and comfortably provided for, the idea being to keep him out of Paraguay until his concession reverted to the government.

It was his notion, too, that Lyman had inhabited this cavern until the appearance of the Nelson, when he had been removed by his attendants and placed in custody in some other natural hiding place.

Whether he was still in that locality the boy could not say, but of one thing he was certain. That was that Lyman had not been taken away in the motor car.