“Ought to make a draw,” he reflected. Then he laughed. “Tom, look here,” he called. “Climb down and take a squint at this.”

North clambered to a position below.

“The son of a gun!” he exclaimed.

The sluice, instead of bedding at the natural channel of the river, had been built a good six feet above that level; so that, even with the gates wide open, a “head” of six feet was retained in the slack water of the pond.

“No wonder we couldn't get a draw,” said Orde. “Let's hunt up old What's-his-name and have a pow-wow.”

“His name is plain Reed,” explained North. “There he comes now.”

“Sainted cats!” cried Orde, with one of his big, rollicking chuckles. “Where did you catch it?”

The owner of the dam flapped into view as a lank and lengthy individual dressed in loose, long clothes and wearing a-top a battered old “plug” hat, the nap of which seemed all to have been rubbed off the wrong way.

As he bore down on the intruders with tremendous, nervous strides, they perceived him to be an old man, white of hair, cadaverous of countenance, with thin, straight lips, and burning, fanatic eyes beneath stiff and bushy brows.

“Good-morning, Mr. Reed,” shouted Orde above the noise of the water.