"As sure as you live, here's his gun!" cried Bluff.

Frank stared at the rifle, that lay at the foot of a particularly big live-oak, parts of which seemed to be rotting away, as there were dead limbs strewing the ground underneath it. Then he cast his eyes upward, as if under the impression that he might discover Jerry perched upon a limb, laughing at them.

"He isn't up there. I've examined every limb on the old tree. What under the sun do you suppose could have happened to him?" ejaculated Bluff.

"Hark!" said Frank, holding up his hand.

"He's laughing at us! I tell you that was Jerry's chuckle, for all the world! Now, what tomfoolery is he up to, do you suppose? Bringing us ashore through all that beastly water just to have a shy at us! Hi, Jerry, you old joker! Show up!" cried Bluff indignantly.

The only answer was a second laugh, louder than the first.

"I declare he's up in that blessed tree, after all, and yet for the life of me I can't get a squint at him. Serve the old chap right if we went and took the dinghy back, leaving him to wade," grumbled Bluff.

Frank was looking around him. He noticed several little things just then. Among others was the fact that there were scratches on the bark of the big old oak, as though some one might have scrambled up its trunk recently. An air-plant lay on the ground, evidently detached during the progress of that party.

"I'm beginning to smell a rat," Frank said, slowly.

"Then let me in, please. I'm just devoured with curiosity to know what it all means," pleaded his chum.