"This looks like ticklish business," George Melville told himself, "and Don, though usually self-contained, is hot enough of temper, at a time like this, to make matters pretty bad for all concerned."

Wanting to see the matter through Broughton Emerson kept a little to the rear of the other capitalist. It was a curious Indian file that stretched out through the woods with the uniformed boy in the lead.

"You may as well stop!" yelled Jacob Farnum, after the fugitive. "I'm going to catch you, anyway!"

It looked that way, indeed. Dark as it was, with the moon behind a cloud, the running boy, looking back over his shoulder, could see the enraged boatbuilder coming after him at great strides.

Mr. Farnum was soon so close upon the heels of his quarry that he could all but reach out his hand and grasp the boy's collar. But just then the boy went down to earth, instantly rolling himself as nearly into a ball as he could.

Jacob Farnum, unable to stop in time, tripped and fell over the fugitive, plunging, head-first, into a clump of bushes and scratching himself.

With a jubilant laugh the boy in uniform was up again, and off. He got a good start, but the boatbuilder, after listening a few seconds, and getting the sounds of flight, bounded off, once more, in the right direction.

Don had halted precipitately, when he saw the tumble, but now he too darted forward once more.

"If Farnum can catch him," shivered Do; "I've got to be at hand to help out in a lightning rescue."

Mr. Farnum did some tall running before he again came in sight of the runner ahead.