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THE BOYS OF BELLWOOD SCHOOL

before, but it must be the one stolen from Lemuel Mace. How does it happen, though, that Dan has it here? Why is it all battered up? Where is Jem? Why wasn't it sold to the man, Staggers? Say, here's a big puzzle, but I've got the bracelet, and this man Dan can be made to explain all about it when he gets his senses back."

Frank certainly had some perplexing thoughts as to the peculiar situation of the moment. He could only theorize what had happened.

The way he figured It out was that Jem had been unable to make any bargain with the man Staggers and dispose of the bracelet. He had come back to the hut to report this fact to Dan. They must have had a quarrel over it, Frank decided. Jem had probably been beaten off. Not, however, until he had pretty badly bruised up his opponent. The bracelet must have got battered in the struggle for its possession, or Dan, In the delirium which the farmer boy had described to Frank, had banged it about, not knowing what he was doing.

Frank paced up and down In front of the hut, turning all these thoughts over in his mind, and really anxious about the condition of Dan, counting the minutes and hoping for the speedy return of his messenger with aid. He was walking slowly on his tiresome patrol, when he heard a rustle