Three men had just emerged upon the balcony from an adjoining window. They brought chairs with them and sat there smoking. Peggy could catch the rank, strong odor of the tobacco.

"It's better out here and we can talk more quietly," said one of them, as they sat down. "You say that Bell and his outfit start to-morrow?"

"That's what I overheard him say when I was listening to 'em talking arter supper," struck in another voice, "so I guess it's the early trail for us, too."

"Reckon so," came in a third speaker; "Jim Bell is going to travel fast. He's got the best horses and mules in this part of the country, and he won't spare 'em."

"You mean the alkali won't, I guess," put in the first speaker with an unpleasant laugh; "but he won't go far with ther stock. At the last waterhole he'll leave 'em and go on by aeroplane."

"You're crazy!"

"Never more sensible in my life. I—"

"Hush! Don't make such a racket. Fer all we know some of them may be awake and hear us. Now the old Steer Wells trail—"

But here the speaker sank his voice so low that it was impossible to hear his further words. But Peggy, as she crept back to bed with her heart throbbing a little bit fast, felt vaguely that the conversation boded some ill to the mining man and his party of gold seekers.

"I'm sure I recognized one of those voices," she said to herself; "it was that of the tall, dark young man with the immense spurs and that picturesque red sash, who was eyeing us so at supper. Jess and I thought he looked like a romantic brigand. What if he should turn out in real earnest to be a desperate character?"