"Huh?" gasped Chief Collig. "What's that you say?" exclaimed Smuff. "The stolen stuff has been found." "No!" "Here it is," put in Fenton Hardy, getting up and dumping the gunny sack upside down on the table. There was a tinkle and clatter as jewels came rolling out on the table, and then there was a rustle of paper as the packets of bonds followed. "Where was it found?" asked the chief. "This doesn't clear him. He probably hid it some place." "The stuff was found just where Jackley said he hid it. In the old tower." "But the old tower was searched high and low." "There is more than one 'old tower'," went on Mr. Hardy. "Only we didn't happen to think of that at the time. It was found in the old water tower, down at the Junction, where Jackley used to work." Chief Collig was speechless with surprise. He gazed at Smuff, whose jaw had dropped in astonishment. "Who found it?" asked Smuff at last. "These two lads," said Mr. Applegate, indicating the Hardy boys. "They found it this morning." "Them kids?" scoffed Chief Collig. "I don't believe it." "Well, there's the stuff to prove it," snapped Fenton Hardy. "I've got my jewelry back, thanks to them," declared Adelia Applegate shrilly. "They were smarter than the whole pack of you. If it wasn't for them, the stuff would never have been found. And I was the one who didn't want to let them search the old tower and who spoke crossly to them. Why, they're _real_ detectives, both of them." In all the talk and excitement that followed the clearing up of the Tower mystery, the Hardy boys received no compliment that they treasured so much as that remark of Adelia Applegate's. "Well," said Chief Collig, scratching his head, "I'll be bumped!" He looked at Smuff. "I'll be bumped, too," declared Smuff. "This beats all," said the chief. "It does," agreed his faithful satellite. "Shut up!" snapped the chief. "Who asked you to say anything?" "Nobody." "Well, then, keep quiet. A fine detective you are! Why didn't you think of that? The old tower! Of course he meant the old water tower. What else could he have meant? But _you_ wouldn't think of it. Not in a hundred years--you wouldn't think of it. What kind of a detective are you, anyway? Here was a case that was as simple as A B C and you couldn't think of it. You let yourself be beat by a couple of boys!" Smuff looked properly ashamed of himself, although it was plain that he was struggling with the temptation to ask the chief why _he_ had not thought of the water tower, too. But he stifled the impulse and thereby doubtless saved the chief the trouble of dismissing him for impudence and insubordination. "Yes," said Hurd Applegate, "the Hardy boys recovered the treasure. And I think you will admit that Mr. Robinson is cleared. Personally, I am satisfied that he knew nothing whatever of the theft and I want to apologize to him for any unjust suspicions I may have had. Mr. Robinson, will you let me shake your hand?"