"Yer would, would yer, you precious young scallywag."

The lantern was wrested from his grasp, and Jack felt a noose slipped over his head.

"Who are you?" he demanded indignantly of his unknown captor.

"Bill Smiggers, of the motor boat Black Beauty," was the gruff reply. "They left me up here to watch by the light, and I guess they'll be glad they did when they see who I've caught. I reckon you're one of those snoopy kids I've heard them talking about."

"I don't know what you mean," replied Jack, "but you'd better let me go at once."

"Huh, I'd be a fine softy to do that, wouldn't I? No, young man, here you are, and here you stay. I'm getting well paid for this job, and I'm going to do a good one."

Just then footsteps were heard coming up the hillside. Then a low, cautious voice whispered out of the darkness:

"What's the matter, Bill? We saw the light waved, and came right back. Is there any danger?"

"Not right now, I reckon," rejoined Bill, with grim humor. "Any of you gents know this young bantam I've got triced up here?"

"Jack Ready, by all that's wonderful!" cried Judson, stepping forward. He was followed by young Judson and Jarrow.