With a quick exclamation, Jo ran swiftly down to the water's edge, the better to view the occupants of the boat.

One of the men turned as his companion urged the launch to greater speed and Jo saw him distinctly. She drew back with a startled exclamation.

"What is it, Jo?" cried Nan, at her elbow. "You look as though you had seen a ghost."

"I've seen worse," said Jo, in a queer voice. "One of those men in the launch was Andrew Simmer!"

It took some time for Sadie and Nan to draw a coherent story from Jo's excited lips. Never having heard very much of Andrew Simmer before and knowing none of the details concerning Mr. Morley's business troubles, they naturally could guess no reason for Jo's excitement until she gave them the more important facts.

"I've got to follow him!" Jo cried frantically. "Some way, I've got to follow him and see where he goes. Oh, look!" she pointed excitedly out upon the lake. A second motor boat had come into view. "Behold an answer to prayer!"

Before either of her companions could guess her intention, she was hailing the occupants of the second motor boat.

"Help! Help!" she cried, making a megaphone of her hands. "Help! Come quick!"

"Good gracious, Jo!" cried Nan. "They'll think you're dying!"

"I am!" retorted Jo. "I'm dying of fear that Andrew Simmer will get away! Oh, joy, they're heading in here!"