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the foot of the stub, staring at the two boys in silence, as if stupefied by what he had just heard.

      "This doesn't leave a doubt," said Wabi at last. "We've struck the right place!"

      "The gold is somewhere—very near—"

      Rod could not master the tremble in his voice. As though hoping to see the yellow treasure heaped in a pile before his eyes he turned to the waterfall, to the gloomy walls of the chasm, and finally extended an arm to where the spring torrent, leaping over the edge of the chasm above, beat itself into frothing rage among the rocks between the two mountains.

      "It's there!"

      "In the stream?"

      "Yes. Where else near this cabin would they have found pure nuggets of gold? Surely not in rock! And gold-dust is always in the sands of streams. It's there—without a doubt!"

      Both Indians went with him to the edge of the water.

      "The creek widens here until it is very shallow," said Wabi. "I don't believe that it is more than four feet deep out there in the middle. What do you say—" He paused as he saw Mukoki slip back to the dead stub again, then went on, "What do you say to making a trip to the canoe after grub for our dinner, and the pans?"

      The first flash of enthusiasm that had filled Wabigoon on reading the paper discovered by Rod was quickly passing away, and the white youth could not but notice the change which came over both Mukoki and his young friend when they stood once more beside the smooth white stub that reached up to the floor of the chasm above. He controlled his own enthusiasm enough to inspect more closely the dead tree which had affected them so strangely. The discovery he made fairly startled him. The surface of the stub was not only smooth and free of limbs, but was polished until it shone with the reflecting luster of a waxed pillar! For a moment he forgot the paper which he held in his hand, forgot the old cabin, and the nearness of gold. In blank wonder he stared at Mukoki, and the old Indian shrugged his shoulders.

      "Ver' nice an' smooth!"

      "Ver' dam' smooth!" emphasized Wabi, without a suggestion of humor in his voice.

      "What does it mean?" asked Rod.

      "It means," continued Wabigoon, "that this old stub has for a good many years been used! by something as a sort of stairway in and out of this chasm! Now if it were a bear, there would be claw marks. If it were a lynx, the surface of the stub would be cut into shreds. Any kind of animal would have left his mark behind, and no animal would have put this polish on it!"

      "Then what in the world—"

      Rod did not finish. Mukoki lifted his shoulders to a level with his chin, and Wabi whistled as he looked straight at him.

      "Not a hard guess, eh?"

      "You mean—"

      "That it's a man! Only the arms and legs of a man going up and down that stub hundreds and thousands of times could have worn it so smooth! Now, can you guess who that man is?"

      In a flash the answer shot into Rod's brain. He understood now why this old stub had drawn his companions away from their search for gold, and he felt the flush of excitement go out of his own cheeks, and an involuntary thrill pass up his back.

      "The mad hunter!"

      Wabi nodded. Mukoki grunted and rubbed his hands.

      "Gold in bullet come from here!" said the old pathfinder. "Bad dog man ver' swift on trail. We hurry get canoe—cut down tree!"

      "That's more than you've said in the last half-hour, and it's a good idea!" exclaimed Wabi. "Let's get our stuff down here and chop this stub into firewood! When he comes back and finds his ladder gone he'll give a screech or two, I'll wager, and then it will be our chance to do something with him. Here goes!"

      He started to climb the stub, and a minute or two later stood safely on the rock above.

      "Slippery as a greased pole!" he called down. "Bet you can't make it, Rod!"

      But Rod did, after a tremendous effort that left him breathless and gasping by the time Wabi stretched out a helping hand to him. Mukoki came up more easily. Taking only their revolvers with them the three hurried to the birch bark, and in a single load brought their possessions to the rock. By means of ropes the packs and other contents of the canoe, and finally the canoe itself, were lowered into the chasm, and while the others looked on Mukoki seized the ax and chopped down the stub.

      "There!" he grunted, as a last blow sent the tree crashing among the rocks. "Too high for heem jump!"

      "But a mighty good place for him to shoot from," said Wabi, looking up. "We'd better camp out of range."

      "Not until we know what we've struck," cried Rod, unstrapping a pan from one of the packs. "Boys, the first thing to do is to wash out a little of that river-bed!"

      He started for the creek, with Wabi close behind him bearing a second pan. Mukoki looked after them and chuckled softly to himself as he began making preparations for dinner. Choosing a point where the current had swept up a small bar of pebbles and sand Wabi and Rod both set to work. The white youth had never before panned gold, but he had been told how it was done, and there now shot through him that strange, thrilling excitement which enthralls the treasure hunter when he believes that at last he has struck pay dirt. Scooping up a quantity of the gravel and sand he filled his pan with water, then moved it, quickly back and forth, every few moments splashing some of the "wash" or muddy water, over the side. Thus, filling and refilling his pan with fresh water, he excitedly went through the process of "washing" everything but solid substance out of it.

      With each fresh dip into the stream the water in the pan became clearer, and within fifteen minutes the three or four double handfuls of sand and gravel with which he began work dwindled down to one. Scarcely breathing in his eagerness he watched for the yellow gleam of gold. Once a glitter among the pebbles drew a low cry from him, but when with the point of his knife he found it to be only mica he was glad that Wabi had not heard him. The young Indian was squatting upon the sand, with his pan turned toward a gleam of the sun that shot faintly down into the chasm. Without raising his head he called to Rod.

      "Found anything?"

      "No. Have you?"

      "No—yes—but I don't think it's gold"

      "What does it look like?"

      "It gleams yellow but is as hard as steel."

      "Mica!" said Rod.

      Neither of the boys looked up during the conversation. With the point of his hunting-knife Rod still searched in the bottom of his pan, turning over the pebbles and raking the gravelly sand with a painstaking care that would have made a veteran gold seeker laugh. Some minutes had passed when Wabi spoke again.

      "I say, Rod, that's a funny-looking thing I found! If it wasn't so hard I'd swear it was gold? Want to see it?"

      "It's mica," repeated Rod, as another gleam, of "fool's gold" in his own pan caught his eyes. "The stream is full of it!"

      "Never saw mica in chunks before," mumbled Wabi, bending low over his pan.

      "Chunks!" cried Rod, straightening as if some one had run a pin into his back. "How big is it?"

      "Big as a pea—a big pea!"

      The words were no sooner out of the young Indian's mouth than Roderick was upon his feet and running to his companion.

      "Mica doesn't come in chunks! Where—"

      He bent over Wabi's pan. In the very middle of it lay a suspiciously yellow pebble, worn round and smooth by the water, and when Rod took it in his fingers he gave a low whistle of mock astonishment as he gazed down into Wabigoon's face.

      "Wabi, I'm ashamed of you!" he said, trying hard to choke back the quiver in his voice. "Mica doesn't come in round chunks like this. Mica isn't heavy. And this is both!"

      From the cedars beyond the old cabin came Mukoki's whooping signal that dinner was ready.

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