Deerslayer has negotiated for the release of the two white men being held prisoner by the Iroquois. He has shown the Chief Rivernote the curious little ivory elephants, the beasts with two tales - and demanded the return of Tom Hutter and Harry March for their exchange. Rivernote barters with the woodsmen and finally refuses the offer. As the Iroquois push off in their raft, Judith, who was watching them through the spyglass, cries out a warning!