One glance reassured him. Nothing was changed in the valley; there were still the heaps of the shining metal.

The traveller, devoured with thirst in the sandy desert, does not more gladly catch sight of the oasis at whose waters he desires to drink than did Cuchillo the sight of the gold gleaming through the leaves of the trees.

Any other man would have hastened to seize as much of it as he could carry, and make off with his booty. But with Cuchillo, cupidity was a passion carried to its utmost limits; and before seizing it, the outlaw wished to feast his eyes on the treasure of which he had dreamed for two years, and for which he would not hesitate to sacrifice the lives of all his companions. After some moments of ecstatic contemplation, Cuchillo led his horse forward by the bridle, and having tied him to a tree, in a defile where the animal would be hidden from all eyes, he himself mounted the rock.

Arrived there, he looked around to assure himself that he was alone. He was soon satisfied, for at that moment neither of the other two parties were visible. Assured by the silence that reigned around, he looked towards the cascade. The water, which seemed as it fell to form a curve of running silver, opened at one place, and displayed a block of gold, sparkling in the rays of the sun. The most enormous cocoanut that ever hung on a tree did not surpass this block in size. Continually washed by the spray of the cascade, this gold appeared in all its brilliance, as if ready to escape from the silica which held it, and thus perhaps for centuries this king’s ransom had hung menacingly over the abyss!

At the sight of this block, which looked as though it might be seized by stretching out his hands, a thrill of joy passed through Cuchillo’s heart; and hanging over the precipice with extended arms, he gave utterance to the cry which had been heard by the three hunters below.

Soon, however, a spectacle, that Cuchillo was far from expecting to witness, drew from him another cry, but this time of rage. He had seen a man, possessor like himself of the secret of the valley, treading with profane foot on the treasure that he had believed wholly his. Bois-Rose and Fabian were hidden behind the trees; and thinking that Pepé was alone, Cuchillo had fired at him, without taking time for a proper aim, and thus Pepé had escaped the ball that whistled past him.

It would be impossible to paint his rage and stupefaction, when hidden behind the pine trees, he saw two men join Pepé, especially when in one of them he recognised the terrible hunter whom he had seen engaged with the tigers at Poza, and in the other, Fabian, who had already twice escaped his vengeance. A mortal fear chilled his heart; he almost fell to the ground. Must he again fly from that Golden Valley, from which fate seemed always to drive him?

Lucky for Cuchillo, the fog had hidden him from his enemies, and by the time they had reached the top he had descended on the opposite side—after having just caught a glance of Don Estevan and his companion in the distance. Here was a fresh subject of fear and surprise for Cuchillo who, gliding like a serpent along the rocks, hid himself, as we have seen, amid the leaves of the water lilies, to await the dénouement of this strange adventure. Hidden from all eyes, he held himself in readiness to profit by the approaching conflict between Don Estevan and Fabian, and a shudder of diabolical joy mingled with that caused by the gold; he was like the rapacious bird which awaits the issue of the battle to seize upon its prey. If the three hunters were victorious he had little he thought to fear from Fabian, who was still in his eyes Tiburcio Arellanos. The lower class of Mexicans think little of a blow with the dagger, and he hoped that the one he had given might be pardoned, if he were to throw the blame upon Don Estevan. If this last remained master of the field, he trusted to find some plausible excuse for his desertion. He decided therefore upon letting them begin the struggle, and then, at the decisive moment, should come to the assistance of the strongest.

While Cuchillo was endeavouring to console himself by these reasonings, Bois-Rose was able to distinguish the complexion of the new-comers.

“They are from the Mexican camp,” said he.