"We have simply got to find out something," Mollie whispered to Betty as on this particular night they stood on the porch and waited for Mrs. Irving to join them. "We can't go on this way any longer, Betty. Why, I am getting so nervous I jump if you look at me."

"I know," said Betty soberly. "It really is getting on our nerves too much. Amy and Grace are feeling it even worse than we are."

"Yes," agreed Mollie grumpily. "Last night was the third night in succession that Amy got us all out of bed to listen to some fool noise outside. I'm just about sick of it."

The other three came then and they had no further chance for conversation. As a matter of fact, they talked surprisingly little on the walk to the river.

High above them a wonderful full moon sent its silvery light filtering down through leaves and branches, making of the woods a fairyland. Somehow, the very beauty of it filled the girls with a strange dread. To them the patches of moonlight were weird, unreal, the shadowy woods held a sinister menace.

By the time they had reached the river's edge they were almost ready to turn and run. But they conquered the impulse and pressed on. Then suddenly they saw what they had hoped, yet dreaded, to see.

On the opposite bank, staring down into the rapids with a terrible intentness, stood a man, or something that resembled a man. In one awful, breath-taking minute they realized that here at last was the "Thing."

As they watched, the hunched-up crouching figure on the opposite bank made a lumbering movement forward as though about to throw itself into the water at the foot of the falls.

"Oh!" screamed Betty, the words wrenched from her dry throat. "Don't do that! You mustn't do that! Go back! For goodness' sake, go back!"

With a hoarse cry that answered her own, the "Thing" flung back from the water's edge and disappeared into the darkness!