The scientist stared steadily at the speaker for a moment before he spoke.

"If you will take off your mask, Dawson," he said finally, "I am sure you will find it more comfortable. I was positive," he went on, as the other obeyed and showed the scarred, scowling face of the outlaw, "that I made a mistake in sparing your life."

"I'll spare yours, too," retorted Dawson, "unless you make me kill you. I'm goin' to take the treasure an' light out. It would be much safer for me to kill you, but I won't unless I have to—just to show you how grateful I am."

"I appreciate your consideration," returned the scientist, quietly; "but you're too late. The treasure is not here."

"I know better," growled Dawson. "I've had you shadowed ever since you got here. It's locked in that leather bag, which never leaves your sight day or night, an' I'm goin' to take it right now."

Suiting his action to his words, and still keeping his revolver leveled at the professor, the outlaw pulled toward him a big cowskin bag, which, as he said truly, the scientist had kept with him night and day ever since he purchased it at a shop in Lima the morning of his arrival.

"Dawson," returned Professor Ditson, earnestly. "I give you my word as a gentleman that the treasure is now in the safe on the steamer which leaves the day after to-morrow, and I hold the receipt of the steamship company for it. Don't open that bag. There is nothing in it for you but—death."

"I'll see about that," muttered Scar Dawson. "Don't move," he warned, as the scientist started up from his bed. "I'll shoot if you make me."

Even as he spoke, he drew a knife from his belt and slit the leather side of the bag its whole length with a quick slash, and started to thrust in his hand.

As he did so he gave a yell of terror, for out from the opening suddenly appeared, wavering and hissing horribly, the ghastly head of the great bushmaster which the scientist had carried and cared for all the way from the Amazon basin. In another second, half its great length reared threateningly before the terrified outlaw. With one more yell, Dawson threw himself backward. There was a crash of broken glass, and by the time Will and Jud and Joe and their host, aroused by the noise, had reached the room, they found only Professor Ditson, coolly tying up the damaged bag, into which, by some means known only to himself, he had persuaded the bushmaster to return.