This agreement seemed satisfactory, and two horsemen rode away, after a few more words, while Hugh Hall threw himself down upon the grass to rest.

For awhile Billy Cody was very nervous at what he had heard; but he soon grew calm, and having waited until he knew the two men were more than a mile away, he cautiously stood up upon the log and glanced over the bank.

Hugh Hall was fast asleep, and his horse was feeding near.

Noiselessly Billy drew himself upon the bank and approached the man, his faithful revolver held in his hand.

"I wonder if it would be wrong if I killed him, when he is such a villain!" he muttered.

"Yes, I won't do it; but I'll make him go straight to Mr. Vennor and I'll tell him all I heard.

"Here, Hugh Hall, farmer Vennor wants to see you."

The man sprung to his feet, his hand upon his revolver.

But Billy had taken the precaution to get behind a tree, and had the drop on his rival.

"Oh, it's you, you accursed imp of Satan," cried the man angrily.