Dingwell rubbed the open fingers of one hand slowly through his sunburnt thatch of hair. "Doggone my hide, if it don't look like they took it with them," he murmured. "But that ain't reasonable, Dave. The man in charge of this hold-up knew his business. It was smooth work all the way through. If it hadn't been for bad luck he would have got away with the whole thing fine. They still had the loot with them when they got here. No doubt about that. Well, then! He wouldn't divvy up here, because, if they separated, and any one of them got caught with the gold on him, it would be a give-away. But if they didn't have the dough on them, it would not matter if some of the boys were caught. You can't do anything with a man riding peaceable through the hills looking for strays, no matter how loaded to the guards with suspicions you may be. So they would cache the loot. Wouldn't they? Sure they would if they had any sense. But tell me where, Dave." His thoughtful eyes had for some moments been resting on something that held them. He stooped and picked up a little chip of sealing-wax. Instantly he knew how it had come here. The gold sacks had been sealed by the express company with wax. At least one of the sacks had been opened here by the robbers. Did this mean they had divided their treasure here? It might mean that. Or it might mean that before they cached it they had opened one sack to see how much it held. Dingwell clung to the opinion that the latter was the truth, partly because this marched with his hopes and partly because it seemed to him more likely. There would be a big risk in taking their haul with them farther. There was none at all in caching it. It was odd how that little heap of ashes in the center of the camp-fire drew his eye. Ashes did not arrange themselves that way naturally. Some one had raked these into a pile. Why? And who? He could not answer those questions offhand. But he had a large bump of curiosity about some things. Otherwise he would not have been where he was that afternoon. With his boot he swept the ashes aside. The ground beneath them was a little higher than it was in the immediate neighborhood. Why should the bandits have built their fire on a small hillock when there was level ground adjacent? There might be a reason underneath that little rise of ground or there might not. Mr. Dingwell got out his long hunting-knife, fell on his knees, and began to dig at the center of the spot where the campfire had been. The dirt flew. With his left hand he scooped it from the hole he was making. Presently the point of his knife struck metal. Three minutes later he unearthed a heavy gunnysack. Inside of it were a lot of smaller sacks bearing the seal of the Western Express Company. He had found the gold stolen by the Rutherford gang from the Pacific Flyer.