One morning, about a week after the taking of this resolution, it was announced that one of Elwood's horses had been stolen, on the night before; and the regulators were straightway assembled, to ferret out and punish so daring an offender. It happened (accidently, _of course_) to be a horse which had cast one of its shoes, only the day before; and this circumstance rendered it easy to discover his trail. Driscol, Elwood's invaluable lieutenant, discovered the track and set off upon it, almost as easily as if he had been present when it was made. He led the party away into the prairie toward the east; and though his companions declared that they could now see nothing of the trail, the sharp-sighted lieutenant swore that it was "as plain as the nose on his face"--truly, a somewhat exaggerated expression: for the color, if not the size, of that feature in his countenance, made it altogether too apparent to be overlooked! They followed him, however, convinced by the earnestness of his asseverations, if not by their own eyes, until, after going a mile toward the east, he began gradually to verge southward, and, having wound about at random for some time, finally took a direct course, for the point of timber on which Grayson lived! On arriving at the point, which terminated, as usual, in a dense hazel-thicket, Driscol at once pushed his way into the covert, and lo! there stood the stolen horse! He was tied to a sapling by a halter, which was clearly recognised as the property of Grayson, and leading off toward the latter's house, was traced a man's footstep--_his_, of course! These appearances fully explained the theft, and there was not a man present, who did not express a decided conviction that Grayson was the thief. Some one remarked that his boldness was greater than his shrewdness, else he would not have kept the horse so near. But Driscol declared, dogmatically, that this was "the smartest thing in the whole business," since, if the trail could be obliterated, no one would think of looking _there_ for a horse stolen only a mile above! "The calculation" was a good one, he said, and it only failed of success because he, Driscol, happened to have a remarkably sharp sight for all tracks, both of horses and men. To this proposition, supported by ocular evidence, the regulators assented, and Driscol stock, previously somewhat depressed by sundry good causes, forthwith rose in the regulator market to a respectable premium!