Ed picked it up. It was the purse, but it was empty. Ed's exclamation told them that.

"My ring," cried Cora. "I had my ring—oh no. I forgot—that was not the purse," and Cora went in doors, presently returning with some small coins. "Here, Ed," she said, her voice trembling. "Do pay that man, and let him go. I—I am so frightened!"

"Cora," whispered Bess, "was your ring in that purse?"

"Hush," cautioned the other girl. "Let us try to make things brighter. Since that man sailed down the lake to-day with our boys' canoe we have had nothing but mishaps. Now let him go. I'll manage to reckon with him without endangering the life of anyone. He's too desperate a character to deal with in the ordinary way. Remember what Ben told us."

CHAPTER VI

CORA EXPLOITING

There had been three delightful days at Camp Cozy. Cora managed most of the delight, with the able assistance of Belle and Bess, while Hazel did much toward discovering things that she declared all the girls ought to know, for Hazel's happiness was ever in obtaining knowledge.

The boys had almost lost hope of getting back their canoe. They had searched the lake from shore to shore, offered rewards and had gone through the rest of the lost formula, but the boat was not returned.

Cora kept to herself her suspicions about Jim Peters. She also said nothing of the ring that was in the purse when it left her hands, but not in it when the purse was returned to her.

It was a splendid morning for a trip on Cedar Lake, and although Belle and Hazel had planned a trip to the woods, Cora and Bess were going out in the Petrel.