“They determined to hide it in some woods near my father’s place; but as they entered them Fanning Harding came along on his bicycle. He saw them enter the woods and became suspicious. Leaning his bicycle against a tree he followed them and saw them bury the gems under a tree which they marked.

“He noted the tree, too, and then, without their seeing him he remounted his motor-cycle and came on to see my father about that business of the hoax aeroplane. He said he wanted to bluff you into selling the Butterfly to him.

“Well, father agreed, for a fair sum of money, to help him, and we started right into town. At that time I thought it was a good joke, and we were both laughing as we came in sight of the scene of the accident.”

“So that’s what they were laughing at,” thought Roy, recollecting how mystified he had been when he saw them together.

“I don’t know whether it was Fanning’s manner or what,” said Hester resuming, “but my father began to suspect that he might know something about the jewels, and one day he followed him into the woods when he went to see if the jewels were still under the tree. Father made him own up when he caught him red-handed like that, but in the meantime Morgan and Giles also had arrived. Well, the four of them were all equally guilty, so they agreed to stick together and say nothing till the excitement about the loss had blown over. But Fanning in the meantime said that he must have the ruby to let me wear.

“I guess he wanted to show me that he was as rich as he was always pretending to be.

“A few days later they had a terrible fright. Morgan, who carried the leather wallet in his pocket for lack of a better place to put it, dropped it on the porch of the Bancrofts’ house where, as you know, it was found before he realized his loss and could recover it.

“When Fanning came back from the aviation meet and began boasting of the mean tricks he had played you and how he had kidnapped Roy, I began to see what a despicable fellow he was. Then, too, he was always threatening dad, and so I decided to make a clean breast of it all and save poor dad any more trouble, for Fanning has dictated to him ever since they shared the secret.

“I went to the wood and found the marked tree I had heard them talk about so often and with the jewels in my hand I started for your home, Peggy, for I didn’t dare to go to the Bancrofts’. But Fanning, it seems, had got suspicious, and followed me. He overtook me at the spot where you encountered us.”

“Does he know you have the jewels?” asked Roy.