"Oh, no, I never was deceived about them," replied Fletcher promptly. "I concluded that, even if they had money, the Yankee was their guardian, and took care of it. They are all Americans, you know."

He spoke glibly, and the captain appeared to credit his statements. The boys listened with interest, and with a new appreciation of Fletcher's character. They could easily have disproved one of his statements, for they knew very well that Obed never boasted of his money, nor gave anyone a right to suppose that he carried much with him. On this point he was very reticent, and neither of them knew much of his circumstances. However, it would have done no good to contradict Fletcher, for his word with the captain would have outweighed theirs, and he would have found a way to punish them for their interference.

"In future," said the captain, "I advise you to make sure that the game is worth bagging. As it is, you have led us on a fool's errand."

"That may be," Fletcher admitted, "but it wasn't so last time. The Scotch merchant bled freely, you must allow."

"Yes, you did better then."

As Harry listened he began to understand that Fletcher acted as a decoy, to ingratiate himself with parties leaving Melbourne for the mines, and then giving secret information to the bushrangers with whom he was connected, enabling them to attack and plunder his unsuspecting companions.

"That's a pretty mean sort of business," he said to Jack, when he had an opportunity to speak to him without being overheard. "I'd rather be a robber right out than lure people into danger."

"So would I," responded Jack. "That Fletcher's worse than a pirate."

Still they went on, so slowly that the boys, though compelled to walk, had little difficulty in keeping up. They were necessarily anxious, but their predominant feeling was of curiosity as to their destination, and as to the bushrangers' mode of life.

At length they came out of the woods into more open ground.