"Neither do I," said Fred slowly. "It must have been here some time."

"Yes," said John dryly. "I guess this is the first time we have turned over or shaken out the cushions."

"'We' have shaken out, is good," retorted Fred. "I was doing this little job all myself. There wasn't a fellow who offered to lend a hand. But what shall I do with the thing?" he added.

"Put it in your pocket now," said Grant, "and wait until we have had our luncheon. We can talk it over while we are at the table and decide what is the best thing to do."

Grant's advice was followed. Fred thrust the bond into the envelope and then placed the package in the inner pocket of his jacket.

Throughout their meal the discovery of the bond was the chief topic of conversation. The mystery of its presence on board the Black Growler as well as that of its ownership again and again were talked over, but no satisfactory conclusion had been obtained when at last the boys departed from the hotel.

"I'll tell you what we'll do, fellows," said Grant. "Let's take that bond down to the bank. There must be one or two banks here and we can find out about it and leave it there, if it is thought best. It may be that we shan't want to be found with the goods on us a little later."

"That's all right, Soc," said Fred, who was more nervous than any of the boys concerning the discovery which he had made. "I'll find out where there's a bank."

In response to his inquiries, Fred soon was informed where a bank could be found and together with his companions at once entered it.

He inquired for the president and soon was introduced to that official. Briefly Fred then related the story of the discovery of the bond. The man before him listened attentively and when Fred ceased he said, "Let me see the bond."