"How far does this valley extend?" he asked abruptly, stepping over as though to obtain a view of the southern extremity of the mysterious hollow.

"Guess we reckoned it 300 miles. Dead straight into the heart of the mountains, then out again sharply into the foot-hills thirty miles south of the border. It comes to an end in Montana."

"And Peter disposed of his stock that way—all by himself?" he asked, returning to his seat upon the boulder.

"All by himself," the girl repeated, again wondering at the drift of his questions. "My help only extended as far as this place. Peter used to fatten his stock right here and then run them down into Montana. Down there no one knew where he came from, and so wonderfully is this place hidden that he was never traced. There is only one approach to it, and that's across the keg. In winter that can be crossed anywhere, but no sane persons would trust themselves in the foothills at that time of year. For the rest it can only be crossed by the secret path. This valley is a perfectly-hidden natural road for illicit traffic."

"Wonderful." The man permitted a smile to spread over his thin, eagle face. "Peter's supposed to have made a pile of money."

"Yes, I guess Peter sunk a pile of dollars. He hid his bills right here in the valley," Jacky replied, smiling back into the indolent face before her. Then her face became serious again. "The secret of its hiding-place died with him—it's buried deep down in the reeking keg."

"And you're sure he died in the 'reeking keg'?" There was a sharp intonation in the question. The matter seemed to be of importance in the story.

Jacky half started at the eagerness with which the question was put. She paused for an instant before replying.

"I believe he died there," she said at length, like one weighing her words well, "but it was never clearly proved. Most people think that he simply cleared out of the country. I picked up his hat close beside the path, and the crust of the keg had been broken. Yes, I believe he died in the muskeg. Had he lived I should have known."

"But how comes it that Golden Eagle is still alive? Surely Peter would never have crossed the keg on foot"