“Maybe not as bad as that,” interposed Herb. “But a lot of doughnut manufacturers would have to go out of business, I know that.”

“Aw, you know too much!” exclaimed Jimmy, scornfully. “At least, you think you do, which is worse. I don’t see what you have to go to high 126 school for, anyway. You know all there is to know, already.”

“I don’t know but what you’re right,” agreed Herb, complacently. “But the trouble is, I can’t seem to get the teachers to believe it. Maybe you’ll be nice enough to explain things to them to-morrow, Jimmy?”

“Explain nothing!” exclaimed Jimmy. “They’d soon think I was as foolish as you, and I’d hate to get a rep. like that.”

“Harsh words,” laughed Bob. “You fellows had better quit saying nice things about one another, or you’ll be mixing it first thing you know.”

“No chance,” denied Herbert, with a grin. “I’m too hungry to think of scrapping, and I’ll bet Jimmy is too. How about it, old pal?”

“I should say so!” agreed Jimmy. “Thank heaven we’re almost home. If we had much further to go, I guess you’d have to carry me.”

They were indeed almost home by this time, and branched off to their respective houses. Though they were all late, they managed to make up for lost time in the way of eating and their mothers had reason to be thankful that they were not late very often.

An interesting bit of information came about this time in the news conveyed by Mr. Rockwell to Mr. Layton, whom he had chanced to meet on a train, that the motor boat which had run down 127 Larry and his companions had been found in a remote inlet some distance down the coast, where it had evidently been deserted by the men who had stolen it. From sundry papers that had been left on the boat, through an oversight of the rascals, it was gathered that they were members of a gang of hotel thieves who had been “working” the hotels at the summer resorts along the coast, where a long list of unsolved robberies had been perpetrated. The police were working on the case, but the thieves had not yet been apprehended.

“Well,” said Bob, when he heard the news, “it’s good to know that Mr. Wentworth got his motor boat back anyway. But I won’t be satisfied till I hear that the police have landed the thieves.”