"Yes," said Ned, in a very faint voice. "What do you mean to insinuate?"

"I insinuate nothing!" replied George, in a tone that alarmed his uncle, for it told him very plainly that the boy was sure of his ground. "I mean to tell you, in language you can easily understand, that I know all about it."

"About it! About what?"

"Uncle John, it is useless for you to feign ignorance. You are to blame for my capture, and I know it as well as you do. Jake knows it, and he knocked Philip down in your presence to pay him for putting those cattle thieves on my trail. Fletcher knows it, and I had a long talk with him on the subject. If I hadn't escaped from him, my ranche would have been stripped clean. His plan was to hold fast to me, so that he could make a demand on you for stock whenever he felt like it. If you refused to comply with those demands, he would have blown the whole thing among the settlers. If he had ever done that, Uncle John, you would have been in more danger than Ned and Gus were on the night I took them out of the rancho. He may do it yet, for he has got as good a hold on you as he wants. By the way, I don't see Gus anywhere. Has he gone home?"

"George!" exclaimed Uncle John, as soon as he could speak, "I don't understand you at all. What are you trying to get at? There is only one thing plain to me, and that is that somebody has been slandering me."

There was nothing "sharp" in the tone in which these words were uttered. It was evident that Uncle John was very badly frightened, although he was doing his best to keep up a bold front.

"Did Springer slander you when he told me that you were to pay Fletcher and his gang twenty thousand dollars in stock for capturing me?" asked George.

Uncle John settled back in his chair, with an air which said that he had no patience with anybody who could put faith in so outrageous a statement, while Ned, who began to tremble all over, got up and walked to the window. He could not bear to meet his cousin's eye.

"Of course he slandered me if he told you that, and you insult me by believing it," replied Uncle John. "I don't know Springer, and neither did I ever hear of him before."

"You have heard of Fletcher, haven't you?"