"One of the bags that held the money!" exclaimed Carter.

"I told you so!" whooped Burton.

Matt and McGlory were astounded. And so was Carl—so dumfounded that he was speechless.


[CHAPTER VIII.]

A PEG TO HANG SUSPICIONS ON.

"Vell, oof dot don'd grab der banner!" mumbled Carl, when he was finally able to speak. "I hat dot in my bocket und don'd know nodding aboudt it! Somepody must haf put him dere for a choke."

"That's a nice way to explain it!" growled Burton. "It cooks your goose, all right. Anything in the bag, McGlory?"

"Nary a thing," answered the bewildered cowboy, turning the bag inside out.