It was some moments before he could make up his mind as to his exact whereabouts. He knew he was in the valley, but——. At that instant he struck a cattle track and promptly followed it. It must lead somewhere, and, sooner or later, he knew that he would definitely locate his position.

He rode on down the track, pondering upon all that must have occurred to him. He must have slept for eighteen hours at least. He knew full well he was not likely to have left O’Brien’s until the place was closed, and now it was sundown—the next day. Sundown on Monday. He quickened his pace. His nerves were shaking, and—he wondered in what direction the river lay. He was consumed with a fierce thirst.

Suddenly his horse threw up its head and pricked its ears. Charlie sat up, startled, and peered out ahead. The next moment he had reduced his horse’s gait to a walk. He knew where he was, and—he heard a sound like a distant neigh.

In a moment he was out of the saddle. He tied his horse just inside the bush and then proceeded on foot. The old corral lay ahead of him. That corral where he usually kept his wagon, and where the old hut stood.

He moved rapidly forward, and, as he neared the clearing, he left the cattle track and took to the bush. That tell-tale sound, his horse’s pricked ears, had aroused his suspicions.

A few moments later he reached the fringe of the clearing. Keeping himself well hidden, he pressed to the very edge, and peered out from amid the bush. As he did so he breathed a sigh of thankfulness. Two horses were tied to the corral fence, and the door of the little old shack was wide open.

One of the horses he recognized as belonging to Inspector Fyles—the other didn’t matter. So he waited breathlessly, while one hand went to his coat pocket, an unconscious movement, and rested on the revolver it found there.

He had not long to wait. The sound of voices reached him presently. Then they grew louder. And presently he beheld two men appear from within the hut. Inspector Fyles came first, closely followed by a half-breed whom he recognized at once. It was Pete—Pete Clancy.

In a moment the waiting man understood. A sort of blind fury mounted to his brain and set his head swimming. Now, too, his right hand was withdrawn from his gun pocket, and the weapon was gripped tightly, and his finger was around the trigger.

But the men were talking, and the watcher strained to catch their words. He felt he must know. He must know what treachery was afoot, and how far it affected——