“When did you hear that?”

“This morning.”

“Is that true?  Are you really a poor boy?”

“Yes.”

John Bundy was astonished, but on the whole he was not saddened.  In the estimation of the school Rodney had always ranked higher than he, and been looked upon as the star pupil in point of wealth.

Now that he was dethroned John himself would take his place.  This would be gratifying, though just at present, and till the beginning of the next month, he would be distressed for ready money.

“Well, that’s a stunner!” he said.  “How do you feel about it?  Shall you stay in school?”

“No; I can’t afford it.  I must get to work.”

“Isn’t there anything left—­not a cent?”

“There may be a few dollars.”

“And then,” said Bundy with a sudden thought, “there is this casket of jewelry.  You can sell it for a good deal of money.”

“I don’t mean to sell it.”

“Then you’re a fool; that’s all I’ve got to say.”

“I don’t suppose you will understand my feeling in the matter, but these articles belonged to my mother.  They are all I have to remind me of her.  I do not mean to sell them unless it is absolutely necessary.”

“I would sell them quicker’n a wink,” said Bundy.  “What’s the good of keeping them?”

“We won’t discuss the matter,” said Rodney coldly.

“Do you mind my telling the other boys about your losing your money?”

“No; it will be known tomorrow at any rate; there is no advantage in concealing it.”

A heavy step was heard outside.  It stopped before the door.

“I must be getting,” said Bundy, “or I’ll get into trouble.”

It was against the rule at the school for boys to make calls upon each other in the evening unless permission were given.

John Bundy opened the door suddenly, and to his dismay found himself facing the rigid figure of Dr. Sampson, the principal.

“How do you happen to be here, Bundy?” asked the doctor sternly.

“Please, sir, I was sympathizing with Ropes on his losing his money,” said Bundy with ready wit.

“Very well!  I will excuse you this time.”

“I’m awful sorry for you, Ropes,” said Bundy effusively.

“Thank you,” responded Rodney.

“You can go now,” said the principal.  “I have a little business with Master Ropes.”

“All right, sir.  Good night.”

“Good night.”

“Won’t you sit down, Dr. Sampson?” said Rodney politely, and he took the casket from the chair.

“Yes, I wish to have five minutes’ conversation with you.  So these are the jewels, are they?”

“Yes, sir.”

“They seem to be quite valuable,” went on the doctor, lifting the pearl necklace and poising it in his fingers.  “It will be well for you to have them appraised by a jeweler.”

“It would, sir, if I wished to sell them, but I mean to keep them as they are.”