Ned rose to his feet, and looked after them in amazement. As the boat vanished around the sharp curve that the creek made immediately below the camp, he noticed for the first time a bait box trailing on behind.

"I understand it now," he muttered. "Those fellows are out for a fishing trip, and they're going down to the rocks to set their lines. I hope they won't get into a row with Clay and Nugget."

The possibility of such a thing made Ned uneasy. He stood in perplexity for a moment or two, and had just made up his mind to go down and look after the boys, when the sound of loud, angry voices reached his hearing.

He hesitated no longer, but leaped down the slope and ran at full speed along the beach. Bursting through a covert of reeds and tall bushes, he emerged within a few yards of the rocks.

On the outermost bowlder, close to the swirling current, were Nugget, Clay, and the two strangers. The flat was drawn out on shore.

As Ned put foot on the nearest rock the taller of the strange lads struck Nugget violently on the arm with a paddle. Clay immediately hit the cowardly fellow in the breast, and in the struggle that followed the latter lost his balance and rolled backward into the swift current. His companion pounced on Clay, and they came down together on the rock, while Nugget stood by, holding his injured arm and shouting for help.

Ned took in the situation at a glance. He saw that the lad in the water was a poor swimmer, and could make no headway against the current. Without stopping to count the cost he threw off his coat, and ran to the edge of the bowlder.

"Bring the boat quick!" he shouted to Clay and his assailant, who had fallen apart and were glaring wrathfully at each other.

Then Ned put his arms together and dived head first into the foaming water. He came to the surface half a dozen yards below, and struck out vigorously for the struggling lad, who was by this time on the point of exhaustion.

Ned was an admirable swimmer, and absolutely fearless in the water.