"Well, we can soon find out," impulsive Jimmy exclaimed; "me to grab up a fine torch, and lead the way. Some of the rest of you form a bodyguard around me, and be ready to give 'em a volley if they so much as peep."

It was just what Ned had been about to propose, so as Jimmy thought of the plan first he was allowed to have his way.

The fagot which Jimmy picked out of the fire was burning briskly by now, at one end, and could be made to serve very well as a torch, if only one knew how to handle it. Jimmy had taken lessons in this art, and first of all he swung the brand swiftly around his head several times, so as to make it burn more briskly.

"There, that will do, Jimmy," Jack told him; "and now lead us out, you ferocious little monster. Hold the torch so it won't blind us, remember. And if they open fire you be sure to duck, so we won't be shooting you in the back."

"Oh! I'll side-step all right, if only you give me the tip," Jimmy went on to say.

He was already starting out with Francois to show him the way to the spot where the latter had his last glimpse of the supposed spy. All of the scouts were fairly quivering with eagerness; and at the same time a cold feeling began to creep over them at the thought of what they might discover the next minute.

Francois had shot low, and only meant to wound, but then his bullet might have glanced upward, and inflicted a fatal injury.

A dozen and more paces they went. Everyone was excited, and looking this way and that, for who could say what the adventure might not mean? If there was one prowler around there might be a dozen or a score. They remembered what Ned had said concerning the possibility of the reckless plotters composing the mining syndicate gathering together a lawless crowd, and meaning to chase the explorers out of that section of country, should they threaten to discover that a fraud was in the act of being perpetrated.

"Was it about here, Francois, that you saw him vanish?" asked Ned, who had been keeping an eye on the guide, and judged from his actions that they must have arrived close to the suspected spot.

"I am think so, ver' mooch," admitted Francois, eagerly, and then after taking a backward look toward the campfire, he added: "Yes, it ees so, sare. I gif you ze word of a man zat ought to know, zat he was here when I fire ze shot."