“Shall we take the horses?” inquired Walt.

“Sartin, sure,” was the cow-puncher’s rejoinder, “don’t want ter leave ’em here for that letter writer and his pals to gobble up.”

So the stock was saddled and the pack burros loaded and “diamond hitched,” and the mournful and anxious little party got under way. It so chanced that their way led them to the little hill where Jack had stopped on the stolen horse and listened for sounds of the pursuit. Coyote’s sharp eyes at once spied the tracks, but naturally he could make nothing of them.

Suddenly Ralph Stetson, who had ridden a little in advance, gave a startled cry.

“Come here, all!” he shouted.

“What’s up now?” grunted Coyote Pete, spurring forward, followed by the others.

“Why, here’s a horse,—a dead horse, shot through the head, lying here,” was the unexpected reply.

“Well, Mr. Coyote, what do you make of it?” asked the professor, after Pete had carefully surveyed the ground in the vicinity.

“Dunno what ter make uv it yit,” snorted Pete. “Looks like ther’s something back of this, as the cat said when she looked in the mirror, and—wow!”

“What is it?” they chorused as they pressed about the spot where Coyote was pointing downward, an unusual expression of excitement on his ordinarily unemotional features.