"One of the finest pearl collars in the world, they say. Worth maybe fifty thousand dollars. Wonderful!"

"A pearl necklace?" queried the girl from the Red Mill, her interest growing.

"Yes, indeed."

"How careless of her!" said Heavy, with a yawn.

"Silly!" exclaimed The Fox. "It was stolen, of course."

"By whom?" demanded Ruth.

"Why, if the police knew that, they'd get back the necklace, wouldn't they?" demanded Mary Cox, with scorn.

"But I didn't know—they might suspect?" suggested Ruth, meekly.

"They do. Gypsies."

"Gypsies!" cried Ruth and Helen together. And then the latter began: "Oh, girls! listen to what happened to Ruth and me only a week ago!"