That Los Varney was the man he thought had been proven to his own satisfaction but just what his object was was still an open question. Was it to wreak vengeance on Royce for deserting the gang or was it to gain some information which would enable Hains to run off more cattle? Ought he to go to Jeb at once and tell him what he had seen or would it be better to wait until morning. On the one hand there was the possibility that they were going to make another raid that very night but, on the other, should he try and inform the foreman right away, the chances were more than even that Los would be aware of it. On the whole he decided that the better plan was to wait until morning and take a chance that whatever the signals meant it was not scheduled for that night.

"I might spill all the beans," he thought, "if I do anything more tonight."

It was a long time before sleep came to him but finally he dropped off and the sun was shining in at the window when he awoke. He lost no time in hunting up Jeb and telling him what he had seen in the night.

"Well, well, is it possible that old Los has gone wrong? It looks like it for a fact. But you certainly did pull off a slick stunt and I'll bet he's guessing now what it was all about."

"But don't you think it's serious?" Bob asked anxiously.

"Serious! You bet your life it's serious. If Los Varney belongs to that gang, and I reckon I've got to own up that the chances are that he does, after what you saw last night, there's no telling what may happen."

"What are you going to do about it?"

Jeb scratched his head. "What would you do?" he asked.

"I'd have him arrested."

"That might be a good plan but I was thinking that perhaps it would be better to give him a little more rope and see if he won't hang himself. If he ain't suspicious any now he'll go right ahead and, now that we know that he's up to something, maybe we can catch him at it or find out what his gang's planning to do."