I'll go up and get it." Jamie scarcely dared breathe.

He could see one of the men make a stirrup of his hands, and the other man step into it and swing into the tree.

Up he climbed to a point directly opposite Jamie, and so near Jamie could hear him breathe.
"Got her, Bill ?" asked the man below.
"You bet I got her! She's here all right, just like I said she'd be," answered the man in the tree.
Jamie's heart sank.

After all his hopes and efforts he became suddenly aware that he could not return to camp triumphantly bearing Lem Horn's silver fox pelt as he had pictured himself doing.

Lem would never get the pelt again.