"This is a queer valley," said Janet.

"Yes, and look!" exclaimed Ted, pointing. "Don't you see things moving around in it?"

"Yes," agreed Jan, as she looked. "Why, Ted!" she cried. "They're horses—ponies—a lot of 'em!"

"So they are!" exclaimed Ted. "Oh, we're near a ranch, Janet! Now we're all right!"

"Yes. But maybe we're a good way from the ranch house," answered Janet. "We maybe can't find it in the dark. Some of Uncle Frank's ponies are five miles away from the stable, you know. Maybe we'd better not go on any more in the dark. I'm tired!"

"Well," agreed Teddy. "I guess we could stay here till it's morning. We could sleep in the blanket. It's plenty big enough for us two."

"And in the morning we can ride on and find the ranch, and the cowboys there will take us to Ring Rosy," added Janet. "Let's do it, Teddy."

They looked again at the strange valley in which the horses were moving about. Clipclap whinnied and one of the other ponies answered. But they could not come out because of the fence, part of which was built in and across the little river.

Then, throwing the reins over the heads f their ponies, and knowing the animals would not stray far, Ted and Janet, taking another drink from the canteen, rolled up in the blanket and went to sleep on the prairie just outside the hidden valley that held a secret of which they did not even dream.