But before we follow them back to Deepwater it will be well if we turn back the hands of the clock a matter of some twelve hours, and glance at what had been taking place there.

In the first place, there had been a considerable sensation early in the morning, when a notice went up on the Salmon's House board; a notice that attracted a noisy, mystified, questioning crowd of juniors and seniors alike.

OYEZ! OYEZ! OYEZ!

Be it known that a new publication entitled the "BUSY BEE," will be published this day, SATURDAY, and will be on Sale at Study No. 9, Salmon's House—Price ONE PENNY. Negotiable VALUE in the shape of stamps, cricket-bats, chewing gum, suspension-bridges, etc., etc., will NOT be accepted.

IMPORTANT!—No Free List.

The "BUSY BEE" is a real live-wire, top-notch, rip-roaring, and snorting good paper—you simply cannot afford to miss it!

HOP IN NOW FOR YOUR CUT!

Magnificent Illustrations—
Astounding Articles—
Criticism that Stings—
Red-hot Revelations—
Libel by the Armful—
Look for the Pink Label!

SEP. PATCH,
Printer and Publisher.

This was the flaring notice, executed in giant capitals, and with lavish expenditure of red and green inks, and the comment it provoked was considerable. Curious seniors and excited fags marched in a body to Study No. 9, and found the genial Patch, his sleeves rolled up, standing behind an improvised counter—he had moved the study table into the doorway. On the table stood a stack of printed papers.