To say that Mr. Grimshaw was rendered uneasy and apprehensive by this sudden appearance of one whom he suppose to be hundreds of miles away, and who was also the very person he was most anxious to avoid, would by no means express his feelings. He was so terrified and unnerved that for a moment he thought of leaving the raft to its fate, and making good his own escape while he had time. Then he wondered if it would not be better to cast it loose and drift away through the fog to some new hiding-place. It would never do to go without his partners, though; for, in the first place, he could not manage the raft alone, and in the second there was no knowing what Gilder would do if he thought himself deserted and perhaps betrayed. No, he must find his associates without delay, and warn them of this unexpected danger. He wondered if the boy were alone. Perhaps he had friends in hiding near by, to whom he had gone to report. In that case his own safety demanded that he discover them before they reached the raft. The boy had already disappeared in the timber, and there was no time to be lost in following him.

Thus reasoning, Grimshaw left the "shanty," locking its door behind him as he did so, and springing ashore, hastened up the trail, along which Winn had disappeared a few seconds before. It took him about three minutes to reach the far edge of the timber and outskirts of the town. Here several streets began, and as he could not follow them all, he was brought to a halt. Which way should he go now? He had seen nothing of the boy, whom he certainly ought to have overtaken before this, nor of any other person. Could he have passed them? Where should he look for Gilder and Plater? Would it not be better, after all, to await their return on the raft? Of course it would. He had been a fool to leave it, and now his best plan was to get back to it as quickly as possible.

These thoughts occupied less than a minute, and so impatient was the man to regain the raft he had just left that inside of two minutes more he again stood on the river-bank. He had been gone barely five minutes, and in that time he had not seen a human being. Now he could not see the raft. He rubbed his eyes and looked again. He could see a few rods of water, but beyond that the fog was impenetrable. He shouted, but there was no answer. Perhaps this was not the place. He ran a little way up the shore, and then as far in the opposite direction, but without success. Then he returned to his starting-point, and found the end of a rope. It was attached to a tree, and had been cut. It was a bit of the line that had held the raft, and the raft was gone.

The blow was a heavy one, and for a few minutes Grimshaw stood like one who is stunned. The loss of that raft, under the circumstances, meant ruin. It meant the loss of everything he had or cared for in the world. At first the realization of this loss rendered him speechless. Then he began to rave and revile his own carelessness. After a few minutes devoted to this he again started up the trail. He was determined to procure some craft and start in instant pursuit of the raft. He would go in company with his partners if he ran across them, but alone if he did not. Before he reached the far edge of the timber he met Plater running and breathless.

"Get back to the raft!" shouted the new-comer. "They're after us!"

"They've got us," was the bitter answer. "At least they've got the raft, and we must hunt some boat in which to follow them at once."

A few words more explained the situation, and, angry as he was, Plater did not stop to waste time in idle reproaches just then. He only said, "It's that sneak Gilder's doings, I'll bet my pile."

Grimshaw agreed to this, and as they hurried along they both thought of their partner as floating down the river on the raft in company with their enemies and glorying over their discomfiture.

"We'll get even with him, though," growled Plater.

"Yes, we will," snarled Grimshaw.