The three boys under the overturned boat were able to see and hear all that went on. When the conversation between Merton and Big John had proceeded that far, Matt heard a sharp breath escape Lorry's lips.

A few words, and Merton's despicable planning had been laid bare. Out of Merton's own mouth Lorry could judge him. This false friend, with whom Lorry had associated, and whose advice he had taken, had headed him toward irretrievable ruin.

"Oh, I can be foxy if I want to," said Merton. "All I want now is to make sure that Lorry doesn't get in that race."

"I guess you can be easy on that point," returned Big John dryly. "The old gent won't put up money for the boat on a bet. Motor Matt called on Lorry. I talked with Gus, the Lorry chauffeur, and he said there was a heap of coldness developed durin' the interview, and that when Motor Matt had left, Lorry used the telephone and asked police headquarters to have a plain-clothes man pick up his trail and follow him. The fly cop followed Motor Matt from Third Lake into Fourth, but lost him somewhere around the Mendota end of the Catfish. The last thing I did, before leaving Madison to come here, was to drop another unsigned letter in the mails for Lorry."

"What was that for?" asked Merton.

"I told Lorry that if he would cross Fourth Lake in the morning, and proceed up the Catfish as far as Whisky Creek, then leave the boat and walk up the creek for a mile, he would come to the place where Motor Matt was having McGlory keep his son. I reckon that will give Motor Matt something to think about. I'll not be here to see the fun, and I guess young King will get out of the scrape in his customary fashion, but it'll be something by way of remembering Big John. King has made me a lot o' trouble, and has beat me out of a pineapple plantation, and that's all I can do to rough things up for him. You see——"

Big John broke off suddenly. Some one else was approaching the boathouse. Matt, McGlory, and Lorry could hear the footsteps plainly.

Merton started to get up, but Big John lifted a restraining hand.

"If they're the ones we expect," said he, "they've got a key and can let themselves in. If they're not the ones we're looking for, then we don't want them here."

A key rattled in the lock just as Big John finished speaking. The next moment the door opened and two men blew in.