“Sealed!” he muttered, in disappointment. “Too bad! But for that, I might——”

He grew silent, examining the seal.

“This is luck!” he finally laughed. “The seal was struck with a ring made to represent the symbol of one of the old freshman societies. The man who struck that seal may have received the ring from Merriwell himself. I know where to find another ring exactly like that.”

Packard thrust the envelope into his pocket and hastened straight to a jeweler’s shop, where he soon purchased a ring which he knew would strike a seal exactly like the one on the envelope.

From the jeweler’s store he went to a stationer’s, where he purchased a stick of sealing-wax like the wax used on the oilskin envelope.

Then came the hardest thing to obtain, an envelope like the one in his pocket; but, after much search, Packard secured just what he wanted.

“Now, I am going to know what the message is!” he exulted.

At first he started for his own room, but he did not go far.

“Oliver may be there,” he thought, “or he may come before the job is done. I must not go there.”

In a moment he thought of a place, and then he proceeded straight to a little club-room, where some of the reckless Yale men often gathered to play cards.