Matt replaced the tarpaulin, got over the side, and waded to the bank. Lorry and McGlory led him upward for a dozen feet to a place where the bank broke away in a sort of narrow shelf. Something like a hundred feet along this shelf was the opening into the cavern. The entrance was masked with hazels, but the boys crowded in, and soon found themselves in dry quarters.

"Speak to me about that boathouse, please!" guffawed the cowboy, stretching himself out on the uneven stone floor. "Were Big John and his pals surprised! I rather guess they were."

"Tell us more about that attempt Big John and Merton made to rob you on the Waunakee road," said Lorry. "It seems strange that Merton should have a hand in anything like that, or that he should be mixed up with this gang of scoundrels at all. Merton's folks are immensely wealthy. They're traveling in Europe now, and Merton is in Madison attending the university. Mert is a spender, all right, and all he has to do when he wants money is to ask for it. Why should he help Big John try to get that ten thousand from you, Matt?"

"Possibly it wasn't the money end of the deal that attracted Merton," answered Matt. "It may be that all he wanted, Lorry, was to make you as much trouble as he could."

Lorry muttered angrily under his breath.

"I don't know how I ever let him pull the wool over my eyes," said he, "but it's a fact that I considered Ollie Merton my best friend. It was by his advice that I took that money and went to 'Frisco."

"That, alone," remarked Matt earnestly, "proves that Merton was not a friend."

"I'm beginning to see it in that light myself," admitted Lorry. "It's hard to have to say so, but it's the truth."

"Hard!" scoffed McGlory. "Why, pard, the way you're showin' up is sure hard to beat. But don't hang fire with that yarn of yours, Matt. You've got ours, and all George and I need is a statement of facts from you in order to get the whole business straight in our own minds. Heave ahead now, and be quick about it. I'm about ready to doze off."