"I think we got one of 'em," announced Snake. "I saw him holdin' pretty desprit like t' his saddle."

"What started it? Who were they?" asked Bud, as the last of the raiders swept out of sight amid the rolling hills of the valley.

"Oh, some of Del Pinzo's gang, you can make sure of that," said Yellin' Kid. "They just rid down on us an' started t' fire. We saw what their game was all right, an' come back at 'em. They didn't get one steer, Bud!" he added, proudly enough.

"That's good," said the boy rancher.

"But they did an awful lot of shootin'," added Snake. "I thought sure we'd all be hit, but Old Billee was th' only one what got it. I never heard so much Fourth of July since I was a kid."

"It was a lot of shooting, according to the results," spoke Bud, as he watched Snake bandaging Billee's wound, for the cowboys carried a primitive first-aid kit. "I wonder if that meant anything?"

"What do you mean?" asked Nort.

But Bud did not answer.

Making sure that none of the cattle had been hit, and managing, after rather strenuous work, in quieting the herd, the boy ranchers and their friends started back toward camp, Old Billee taking it as easily as possible, for his side was getting stiff and painful.

While they were yet some distance away from the white tents that corresponded to the usual ranch buildings, Bud and his companions saw riding toward them a solitary figure.