showed himself, followed by about half of the ranch hands.
"We thought we found the trail, but we lost it again," said the ranch owner. "Todd and some of the others are still at it, but I am afraid the thieves are out of our reach. I have sent word to the sheriff, and I suppose he'll put some men on the trail to-morrow."
"Did you stop at the Merwell ranch?" asked Belle.
"Yes, I stopped there less than an hour ago. Mr. Merwell had just come in from a hunt for Link."
"What! then Link isn't back yet?" cried Dave.
"No, and his father was a good deal worried about his absence. When I told about the loss of the horses, Mr. Merwell was worried more yet. He said we needn't think that his son touched them."
"It is queer where Link is keeping himself," mused Roger.
"That's true—unless he was hurt by the storm," answered Phil.
"Have you any idea who these horse-thieves are?" asked Dave.
"We have a general idea, yes," answered Mr. Endicott. "The gang who took the other animals was led by a bold cowboy named Andy Andrews. Andrews is a thoroughly bad egg, and there had
