“Well, we haven’t been able to lose him,” Peter Fenton said. “He reminds me, the way he floats about, of the ghost of some pirate who sailed about the Spanish Main four hundred years ago in a long, low, rakish craft adorned with a black flag.”

“I saw him in the newspaper building that night,” Jimmie said, “an’ he looked glad because we got no clues there.”

“Why didn’t Ned have him arrested in New York?” asked Jack Bosworth.

“What for?” demanded Jimmie.

“For making a nuisance of himself. Then he couldn’t have followed us on board the ship. Also, he might have been able to get a little sleep nights.”

“I reckon we have kept him going,” Frank observed, with a laugh.

Ever since the night of the robbery the man called “His Nobbs” for want of a better name had kept Ned Nestor in sight most of the time. He had followed him home after the profitless visit to the newspaper office on the night of the theft, had chased about after him while the details of the trip to Panama were arranged the next day, and had turned up on the ship after she was under way.

The fellow did not seem to be overly anxious to keep his watchfulness a secret. He acted like any first cabin passenger on the ship. But, somehow, he managed to keep Ned in view most of the time. Now and then he was caught watching the door of Ned’s stateroom. He never spoke to the boy, and never even looked at him when the two passed one another.

Taking advantage of this preference for Ned’s company, the boys had put up all sorts of jobs on the fellow, and some of their pranks had kept him watching Ned’s odd moves all night. It was a new and strange experience to Ned, this being spied upon so openly, and he was at a loss to account for the mental processes which inspired the strange surveillance.

“Well,” said Ned presently, “let him watch outside if he wants to. We came in here to talk about something else. I have just been talking with Lieutenant Gordon, and he says we are to go into camp in the jungle not far from the Gatun dam. He will stop at the Tivoli, at Ancon, adjoining Panama. When we have anything to communicate to him, one of us can go down to Panama after supplies and leave word at an office where one of the lieutenant’s associates in the case will always be in waiting. We are not to know the lieutenant if we meet him in our soup.”