"I'm afraid not," rejoined Jarrow. "I saw their representative in Washington and told him what I had learned. His answer was, 'no code, no contract.' I'm afraid you were foolish in using that promise as a means to try to land the deal."

"I had my thumb on the man who would have stolen it for me at the time," rejoined Judson, "but he was discharged for some minor dishonesty before I had a chance to use him."

"The thing to do is to locate this Captain Simms."

"Evidently, you must do your best. The wind has died down and I guess we'll stop at the hotel till to-morrow. Anyhow, it's too long a sail back to-night. Come on, Donald; come, Jarrow." The bench creaked as they rose and made off, turning their footsteps toward the hotel.

Not till they had gone some distance did the boys dare to speak, and even then they did not say much for a minute or two. The first expression came from Jack. It was a long, drawn-out:

"We-e-l!"

"And so that is the work that Captain Simms has been doing in that isolated retreat of his," exclaimed Billy.

"And these crooks have just had the blind luck to tumble over him," exploded Noddy. "Just wait till they take a look at the hotel register."

"Maybe by the time they enter their names the page will have turned," suggested Billy.

"No," rejoined Jack, "our names were at the top of the page and there would hardly have been enough new arrivals after us at this time of night to have filled it since."