Then a head appeared, and a pair of struggling arms, and to his joy and amazement Randy recognized Clay. The lad's strength barely sufficed to reach the shore, and Randy helped him out on land just as Nugget came running from the tent.

Clay staggered up the slope and dropped down in the bushes.

"I fell off the cliff," he stammered with chattering teeth. "Ned is up there; call to him."

Randy and Nugget shouted with all their might, and a reply was heard instantly. Then Ned appeared far up on the cliff and waved his hand. He vanished at once, and a moment later came impetuously down the ravine, leaping rocks and bushes in his haste.

His face was paler than the boys had ever seen it, and tears stood in his eyes. He hurriedly clasped hands with Randy and Nugget, and approached Clay.

"Are you hurt, old fellow?" he asked huskily. "That was a wonderful escape. I thought it was all up with you."

Clay smiled faintly.

"I'll be all right in a little while. I'm suffering from the shock, that's all. I don't think there is a bruise on me."

A fire was quickly made, while Ned explained to his companions the catastrophe that had happened on the cliff. Then Clay was stripped and rubbed down with a coarse towel, and after his dry clothes were on he declared he felt as well as ever.

A good dinner was prepared, and when all were seated around the flat rock that served for a table, Ned produced the packet of letters and gave a minute account of the wanderings and adventures which it had cost to obtain them. The story of Randy's cake provoked much laughter, and Randy assured Ned that he had done the proper thing under the circumstances.