Presently that individual came shuffling by, and, motioning Johnny to follow him, continued down the beach until they had found a secluded spot in a turn of a breakwater.

“Got ’em?” Pant whispered.

“Sure.”

“Good! Let’s see!”

“Good! Fine!” he exclaimed, after he had glanced over the bonds. “Now can you tell me who sold you these two together?”

“I don’t know his name; a fat, red faced fellow at the entrance of the big top.”

“Good! That’s one of them. They’re the right kind, I’ll wager. Let’s see!”

Pant spread the bonds out on a broad plank.

“No, only one!” he mused. “Getting careful, I’d say, Johnny.” He turned suddenly. “Would you risk much for an old friend?”

“I’d do a lot for you, Pant.”