Max shook his head to both questions.

"Nixy, fellows, you've got another guess coming," he remarked, soberly.
"Fact is, the eyes Toby saw staring at him through the bushes belonged
to a half-grown boy, and a badly scared one at that!"



CHAPTER II

TREASURE HUNTING.

Strange to say, Toby, usually the last to gather his wits together, was on
this occasion the first to give expression to his overwrought feelings.

"Gee! that's a s-s-screamer you're g-g-giving us, Max," he burst out with.

"But what makes you say it's a boy, Max; why not a man, when you're about
it?" asked the skeptical Steve.

Max held up something he clutched in his hand.

"That's a boy's cap, reckon you'll all admit," he asserted, quietly.

"It sure looks like it," admitted Bandy-legs, bending forward to examine
the article in question.

"And a mighty tattered cap in the bargain, I should say," remarked Owen,
who was something of a bookworm, filled with a theoretical knowledge