The boys turned and looked back.

There were many moving figures and faces in the street, but none which attracted the especial attention of the lads. They looked inquiringly at the policeman, who stood with a puzzled expression on his face.

“Which two men?” asked Jule.

“Why,” replied the officer, “the two men who have followed you for the last four blocks, stopping when you stopped and going on when you advanced. I came up the street on the other side just behind you, and couldn’t help observing what was going on.”

“Now,” said Clay, turning to Jule, “what do you think about having lost the scent of the lost channel?”

“I begin to smell it in the air right now,” was the reply.

The policeman looked at the two boys inquiringly.

“What do you know about the lost channel?” he asked.

“Not a thing!” replied Jule. “There isn’t any lost channel.”

“Then I’ve been hearing a lot about nothing lately,” smiled the officer. “Somehow, the newspapers have been full of it lately.”