At the bench six men were working with hammers at the counterfeit dies and heaps of the bogus silver dollars and gold eagles lay upon the floor.

It was certainly the bona fide interior of a counterfeiter’s den.

Nothing was lacking to make up the entire personnel and outfit.

The counterfeiters were working with great industry. They seemed utterly heedless of surroundings.

“Well, that beats anything I ever saw before,” muttered Frank Reade, Jr. “Just take a peep in there Bill.”

The trapper complied and was for a moment spell-bound.

“Wall, I swan!” he muttered. “I never saw the equal of that.”

“This is the worst den of the kind in America.”

“I should say so!”

For some moments the two spies watched the scene.