“We’ll drink it in water, the favorite beverage of the one to whom it will be given.”

They all rose, each with an uplifted glass of water. There was a hush, and, with a grave smile, Casper turned his eyes on the lad at June Arlington’s side.

“Here’s to Dick Merriwell,” he said. “Here’s to his friends and his foes; may his friends never falter in their loyalty, and may his foes soon realize their folly and become his friends.”

“Splendid! splendid!” was the cry as they drank the toast.

Dick thanked Casper in a clever little speech, his face flushed and his heart warmed by it all. It was Randall who proposed the next toast.

“Here’s to Yale,” he bowed; “Yale, Harvard’s beloved rival. May the blue ever flutter high above all other colors save the crimson.”

“I’ll have to attach an amendment to that,” laughed Dick. “May the best team win, and, if it does, the blue has no fear of finding itself looking up to the crimson.”

“You wait until your freshman baseball team goes against our freshies!” cried Randall. “You know we have a slab wizard by the name of Sparkfair.”

“Keep it dark, keep it dark!” came in a hoarse whisper from Dale. “Don’t put the enemy wise. Let him march unsuspecting to the slaughter.”

Randall laughed.