The quartette of girl chums from Lakeview Hall and Walter Mason, to
whom the girls at once revealed the contents of Juanita's letter,
were greatly excited over the Mexican treasure and the seekers
therefor.

Without doubt the Mexican girl at Honoragas had written the truth,
as she knew it, to Rhoda. Lobarto, the bandit, had met his death
five or six years before. It seemed quite probable that he should
have sent word to his relatives in the South of the existence of
his plunder and the place where he had been forced to cache it.
When he was chased out of American territory, the treasure he had
left behind would become a legacy for his relatives if they could
find it and were as inclined to dishonesty as Lobarto himself.

This nephew of the old bandit chief, Juan Sivello, seemed eager to
find the hidden treasure; and if he was really supplied with a
diagram indicating the location of the cache, Juan would probably
make a serious attempt to uncover it.

The question was, as Walter Mason very sensibly pointed out, having
come up to Rose Ranch for this particular purpose, would the
Mexicans endanger their plans by making a raid on the horses, and
so be chased away without securing the buried riches of Lobarto?

"Doesn't seem reasonable, after all, to me," said Walter, "that the
Mexicans your father and the cowboys set out in chase of are the
same crowd that Juanita says started up here to find the treasure.
There are two gangs of 'em."