“The Tower treasure!”

“This must be it.”

Joe dragged the gunny sack out into the light beneath the trapdoor. They did not even wait to go out on top of the water tower.

“Hurry!” exclaimed Frank, as with trembling fingers Joe began to open the sack.

It was tied with a piece of twine, and Joe tugged at the stubborn knots. At last, however, the twine fell away, and the bag sagged open.

Joe plunged his hand into the recesses of the sack and he first withdrew an old-fashioned bracelet of precious stones.

“Jewelry!”

“How about the bonds?”