"That's right; and we're the first after all, you see, because every fellow has a key, and if any one got in ahead of us we'd notice a light in the window. Hello! who's that?"

"Think you saw something, did you, Max?" asked the other; "but as there wasn't any answer, I guess you must have been off your base that time."

"Perhaps I was," replied the other; "but here we are at the door now, and as I've got my key handy, I'll open up."

The boathouse had once been some sort of low, squatty building, which, being made over, answered the new purpose very well. And when Max had started a couple of lamps to burning the prospect was cheery enough. Several canoes were ranged in racks along one side. Three of these were single canoes; the other a larger boat, which two of the boys paddled, and they called it the war canoe.

Hardly had they reached this point than there was heard the sound of a voice at the door. Steve opened it to admit a panting boy, whose short lower extremities had a positive inclination to pattern a little after the type of bows, which gave Bandy-legs the name by which he was known far and wide.

Then came Owen Hastings, a quiet sort of a fellow, looking very like his cousin Max; and a minute later Toby Jucklin appeared.

"Now open up, and explain what all this fuss and feathers means?" demanded Owen, as the five gathered around the table upon which the larger lamp stood.

The boys expected to fit this building up as a sort of club room later on, and in this place during the next winter keep all their magazines, as well as other treasures connected with their association, together.

So Max explained just how it came that Herb Benson, the leader of another group of Carson boys, had challenged them to spend a certain length of time on Catamount Island, far up the Big Sunflower branch of the Evergreen River, which flowed past the town.

Some time previous to this Max and his four chums, wishing to secure funds in order to carry out certain pet projects for the summer vacation, and early fall, had conceived the notion that perhaps the mussels, or fresh-water clams, that could be found, particularly along the Big Sunflower, might contain a few pearls such as were being discovered in so many streams in Indiana, Arkansas, and other Middle Western States.