Two deep-throated shouts echoed amid the winding mazes of the small canyon leading off from the main gulch that the boy ranchers and their friends had been following. One shout followed closely on that of Dick, announcing his amazing discovery. The other came from the band of rascals whose hiding place had at last been spied out, and by a mere chance at that.

One shout was that of joyful anticipation, and this came from Bud, Dick, Nort and the friends from Diamond X. This shout had in it an anticipation of righteous punishment to be inflicted on those who had stolen the cattle.

The other shout was of baffled rage that their hiding place had been discovered. This shout came from Del Pinzo and his gang.

For it was the lawless Mexican half-breed and his followers, numbering in all more than two score, whom Dick had seen as he made the turn in that winding and narrow gorge. At a place where the rocky defile flared out, making a sort of amphitheatre there were gathered about a spring of water, their horses tethered where they could crop the scanty herbage, the crowd of which our friends had long been in pursuit.

Following the two shouts—one of pleased discovery and the other of baffled rage at being discovered—there was quick action.

"Here they are!" shouted Bud, as soon as he had joined Dick, and had seen what the latter had fairly stumbled upon. "Here's the Del Pinzo crowd!"

Up came riding Nort, Slim, Snake and the others.

"Oh, boy! We've got 'em just where we want 'em," was the exclamation of Yellin' Kid. And I leave you to judge in what tone he uttered the words.

"Unlimber, boys!" called Slim Degnan, grimly and significantly as he whipped out his .45. "There's likely to be action!"

"Hold on! Wait a minute!" counseled Snake, as Bud and his cousins were about to urge their horses forward. The cowboy reached out, and his hand fell with a firm grip on the bridle of Bud's steed.

"What's the idea?" asked that boy rancher. "Now we've found the rascals, can't we go in and clean 'em up?"

"That's natural Bud, most natural," conceded Snake. "But what's th' use runnin' your head in a bee's nest if yon can git th' honey some other way?"

"You mean it won't be safe to ride up to 'em and fight 'em?'?" asked Nort.

"Somethin' like that, yes, son," answered the cowboy. "I think Del Pinzo an' his crowd have been waitin' for just such a chance as this. They'd ask nothin' better than t' have us rush 'em, an' then they'd have a good excuse for sayin', afterward, that they popped us off in self-defense."

"Snake's right!" declared Yellin' Kid, modulating his voice somewhat. "We'd better play this hand cautious like."

Seeing that this was the sentiment of the more experienced men, Bud and his cousins held back, and a moment later, urged by the cowboys, the ranch lads had turned aside and the whole body of pursuers had retreated to a position somewhat away from the turn of the trail where Dick had looked through the defile and had seen the rascals encamped.

"What's the next move?" asked Nort, as the party gathered together, giving their horses a breathing spell, for which the animals were, doubtless, very thankful.

"We'd better look for some shelter," advised Snake, "an' then see what we can do toward learnin' th' intentions of this bunch of bad actors."

"You mean sort of spy 'em out?" asked Dick.

"That's it," chimed in Yellin' Kid. "If this is goin' to be a fight, an' it shore looks as if there was, we want to take all th' advantage we can. They outnumber us two to one!"

This was true enough. The fleeting glimpse our friends had of the outlaws, through the crack in the rocky wall, showed that there were more than two score under the leadership of the unscrupulous Del Pinzo.

Following the skilful advice of the cowboys, Bud and his cousins took their places behind some sheltering rocks, leading their horses in with them, for much depended on their mounts. Without them it meant giving up the chase. And even if one pony was killed or wounded, it meant that its owner would have to make his way back on foot, which was neither pleasant nor safe.

"Get your guns ready," said Slim. "There's going to be action, but not just yet. We want this to be a winnin' fight if we can make it so."

Once within comparative shelter, and feeling somewhat calmer after the first wild excitement, Bud, Nort and Dick looked to their older companions for further advice.

"Somebody's got t' go back t' that crack, unbeknownst t' them scoundrels, an' see what they're doin'," decided Slim.

"S'pose they're there yet?" asked Bud.

"Either that, or they've taken the alarm an' are on their way, or they're doin' just what we are—gittin' ready for a fight," said the foreman grimly. "An' what it is they're doin' we want t' know. Snake, you're pretty good at Indian tactics. S'pose you sneak up there an' take a look in."

"All right," was the ready answer.

Of course Bud, Nort and Dick, each and every one of them, wished they had been selected for this duty. But while they were rapidly learning the ways of the west, in dealing with desperate characters, it was better at this time to have an experienced man spy out the movements of Del Pinzo and his gang. This Snake set out to do.

"An' while he's gone, th' rest of us want t' sort of make up our minds what t' do," said Slim. "If that bunch is gettin' ready t'rush us, same as we may be able to do on our own hook, we want t' have some plan of action."

So a sort of council of war was held, during the absence of Snake, who was soon lost to sight among the rocks, the cowboy making his way in a crouching, crawling position that almost resembled the reptiles he so feared and hated.

There was some low-voiced talk among the remaining cowboys, in which talk Bud and his cousins had no part. For a moment the lads feared there was some scheme afoot to put them in places of safety, out of danger so to speak. And the boy ranchers weren't going tamely to submit to this.

"I say, Slim," exclaimed Bud, with this fear in mind, "we are going to do our share in this fighting, you know!"

"Shore I know it!" grunted the foreman. "You'll have all th' scrappin' you want, if these fellows don't vamoose without firin' a shot! We was just talkin' of the best place t' put you."

"Oh," murmured Bud, "all right."

After some little talk, and a survey of the ground to which the pursuers had retreated in order to make a temporary stand, each person's position was designated, and then guns were loosed in holsters and the supply of cartridges was looked to.

"As soon as Snake comes back we'll know what t' do," Slim said.

"He ought to be along soon now," remarked Dick.

Hardly had he spoken than there was a noise among the loose rocks and boulders some distance up the gulch—in the direction the spying-out cowboy had taken.

"Here he comes!" exclaimed Bud, and his hand went to his gun, for it was very possible that Snake would be pursued, and have to retreat on the run.

However the alarm proved to be a false one, for, after waiting some time, Snake not having appeared, it was surmised that some rock had become loose and rolled down the steep side of the gulch.

The waiters and watchers were just beginning to get a bit worried, and Bud was on the point of suggesting that he be allowed to go look for Snake, when the cowboy came back.

So quietly did he approach, and so unexpected was his appearance that Nort and Dick, on whose side of the improvised "fort" Snake first showed himself, were startled.

"If that had been any of the Del Pinzo crowd they'd have been on top of us before we knew it," confessed Nort.

"Not much!" laughed Bud. "Slim has seen Snake coming along this last three minutes; haven't you, Slim?"

"Yep! I noticed him, but I didn't say anythin'," acknowledged the foreman. "I seen that he was alone. But what's the verdict, Snake?" he asked, anxiously. "Are they gittin' ready t' come at us here, or are they leavin'?"

"Neither one," was the answer, "but they're gettin' ready to do suthin! They're all in a bunch in the middle of that place, holdin' a confab, I reckon. It's hard to say what they are up to. But I got a hunch that if we rushed 'em we could throw a scare int' 'em, anyhow."

"Do you think they know we're here?" asked Bud.

"Oh, sure!" was the answer. "At least they saw us an' heard us when we reached that crack. But of course they can only guess what we're up to now, when we didn't rush 'em first shot. They might have known, though, what our plans was, if I hadn't cracked their spy on the head!" said Snake, calmly.

"You did what?" asked Slim.

"Just as I got t' th' place where I could look in," went on the cowboy, "I saw one of them Greasers up t' the same trick I was tryin' to pull off. He was sneakin' down this way, but I saw him first. Caught a glimpse of his head around the edge of a rock; I just reached out with my gun and tapped him on the noodle."

"Kill him?" asked Dick.

"No. Guess not. Just stretched him out so he can't go back an' tell any tales for a time. Now the way I figger it is this: They'll be waitin' for a report on what their spy sees, same as you was waitin' for me t' come back. Only their spy won't show up for a couple o' hours, an' that gives us a chance to act."

"What had we better do?" asked Yellin' Kid.

"Rush 'em!" instantly decided Snake. "Let's git t' that openin' as quiet as we can, an' rush right for 'em! This rest has freshened our horses, an' we're in better shape now."

"Not so much so, as far as horses go," dubiously declared Slim. "They're pretty badly spent, and can't do much racin'. But I guess maybe it is better for us t' get into action, instid of waitin' for that bunch t' come here. As Snake says, they'll be lookin' for their spy t' come back, an' maybe we can take 'em unawares."

So, after some further talk, it was decided to mount again, ride to the opening that led from the main trail into the hiding place of the outlaws, and boldly attack them.

True, our friends were outnumbered, but they had right on their side, and this sometimes makes a difference. Also they would have a little advantage, they hoped, in making the attack somewhat unexpectedly. For though Del Pinzo and his crowd knew the ranchmen were in the neighborhood they would, as Snake believed, await the return of the spy they had sent out, before doing anything.

"An' that spy won't come t' his senses very soon," declared the avenging cowboy. "When he does he'll have an awful headache!"

As quietly as possible they made their way to the opening. Slim, as a sort of captain, was in advance of the others and looked in. He came back to say:

"They're gettin' ready for suthin'! They're all standin' near their horses, an' seem to be plannin' a move. Get ready t' rush in when I give the word!"

There was a final look to arms and saddle leathers, and then the foreman cried:

"Get into action!" at the same time spurring forward his pony, an example followed by all the others as they rushed into the defile.

And action there was, but not exactly of the kind the boy ranchers and their friends anticipated. For Del Pinzo (easily recognized among the lesser lights of rascaldom) with his followers, after their first angry shouts, leaped for their horses. And their agility in that respect spoke well for their preparedness. In an instant, it seemed, every one of the two score, and more, was in saddle, and headed out of the defile. They were retreating—riding away from the following avengers, and going, it seemed, further into the maze of winding clefts amid the mountains.

To the credit of Del Pinzo—if credit it be and if he be entitled to get credit—he rode at the rear, not starting his horse until all his men had raced away ahead of him.

And then, as Bud, Dick and the others pressed into the defile after them, the Greaser turned and fired once, but with such quick action that eye could scarce follow the motion of his hand and weapon.

There was a sharp crack and the hat of Yellin' Kid, who rode immediately behind Bud, sailed off his head, at the same time that a bullet zipped viciously over the pursuers.

"Close call that, Kid!" remarked Snake, leaning over as his horse galloped forward, and picking up his friend's hat.

"Close nothin'!" snapped out Yellin' Kid. "That was fancy shootin'! If Del Pinzo wanted to get me he could 'a' done it. He can mark out th' pips on a ten spot card with his eyes shut, almost! He shot my hat off just to show he wasn't aimin' t' spill no innocent blood! But wait until I get him! I'll make him sweat for that! A hole through brim an' crown! Why couldn't he be decent about it an' make it one?" grumbled Yellin' Kid as Snake handed him the hat.

"Never mind that!" shouted Slim Degnan. "If we're going t' get them fellers we got t' ride!"

That was evident, for even as he spoke Del Pinzo, the last of the outlaws, disappeared around a turn in the defile. He was "hazing" his men along to some other hiding place, it appeared. And he and his rascally followers seemed to know their ground, for they rode at break-neck pace, without fear of what lay beyond and unseen. It is likely they had traveled that route before.

Another advantage lay with the rustlers. Their horses were fresh, for from the negligent attitudes assumed by the men when Dick had discovered them, it was evident they had been at ease for some time, whereas the pursuers had been on the trail a long time, and the way had been rough and stony.

So it is nothing to the discredit of the boy ranchers that they and their friends were distanced in the first wild rush following the discovery and alarm.

"Come on!" cried Bud. "Come on!" and he and Dick for the moment were in the lead, the canyon being wide enough, here, for several to ride abreast. "We've got to get 'em!"

"And we won't stop until we do!" added his cousin.

But they reckoned not with the roughness of the way, the start the rustlers had, their fresher horses and the fact that Del Pinzo and his crowd were more familiar with the trail than were the boy ranchers. So though our heroes rode on as fast as they could go with comparative safety, they did not, for some time at least, again come within sight of the enemy.

"Wait there! Hold on a little!" finally called Slim to Bud, Dick and Nort, who, in their youthful and natural eagerness, had forged to the front in a bunch. "Pull up! This isn't a hundred yard dash! It's going to be a long race!"

Bud was beginning to believe this, and some of his first exuberance was disappearing. He was getting more cool-headed.

"Let's take it a bit easy," he said to Nort and Dick. "I guess we've got a long trail to follow."

"But we've got to get 'em!" declared Dick.

"You got rid of something that time!" commented his brother, meaningly, if slangily. "We're going to make 'em give back our cattle!"

"Say!" suddenly cried Bud. "That's the queer part of it! Where are the steers?"

And for the first time it occurred to the minds of the boy ranchers that of that quarry they had come most in search of they had had not a glimpse. Not a steer was in sight!

Something of the amazement they felt must have been depicted on their faces, for when Slim rode up to where the boy ranchers had halted he asked:

"What's the matter?"

"Where are the cattle?" asked Bud, shouting almost as loudly as Yellin' Kid would have done. "Did you notice they didn't have a one with them, Slim?"

"Yes. Are you just waking up to that, Bud?"

"I reckon I am. But what does it mean?"

"It means that there's a deeper game being played than we have any idea of, son. We've got to go some to get to the bottom!"