When they came to the second lake, Mr. Waterman remarked to Bob that he would paddle down the north end of the lake to see if either Jack or Pierre would notice the trail. This they did and despite the sharp eyes of the two guides, they did not notice any trail starting from the water's edge. Mr. Waterman led them back and taking a line on a very big tamarack tree that he had noted before, they got out of their canoes. They had gone only a few rods to the left when they came to what was evidently a new trail. They had gone only a short distance when Pierre stopped and remarked that he was sure that no canoe had been brought over the trail. When Mr. Waterman heard this, he had the men retrace their steps to the lake. They then began a systematic search for a canoe. In about twenty minutes, Jack's sharp eyes searched out the hiding place and the canoe was pulled out for inspection. They found it to be an ordinary Peterboro, such as were to be found all through the country.

"If he's left his canoe here," said Mr. Waterman, "he can't be very far off."

"That's so," said Pierre.

"We had better go careful," said Jack.

All four then looked to their guns and took the trail, with Mr. Waterman leading. He went along very carefully. In an hour they were over the divide and going down into what seemed like a deep gulch.

"This looks to me like the same gulch we visited the other day," said Mr. Waterman.

"I am sure of it," said Bob. "Then, I noticed that big rock over there."

"What's peculiar about that rock?" asked Jack.

"It looks like a big horse," said Bob. "I am sure that it's the same one."

"It does look like a horse," said Mr. Waterman. "I know the far side of this gulch pretty well, but I did not think that there was any way out of it so easy as the one we have come."