"You do not hold a grudge?"

"What do you take me for?"

"Shake hands?"

"Of course."

Their hands met, but Frank did not fail to note that Rains shook in a manner that was very cold and insincere.

"I reckon Merriwell has come pretty near showing what he is made of," said Hodge; "and those fellows who have been claiming that he has won his popularity by luck had better keep still in the future."

"That's so!" shouted the crowd, and several who did so had been saying the most disagreeable things about Frank a short time before.

There is nothing in the world so ephemeral as popularity. The individual who is to-day a hero may be an outcast to-morrow. There is nothing harder to hold than the esteem of a set of school-boys. He who is regarded as an idol in the fall may be supplanted by a rival in the spring, and may find himself unnoticed and neglected. Having once become a leader in a school, the fellow who has obtained the position must prove his superiority to all comers in order to hold it. Even then his success will produce jealous enemies, who will seek his overthrow by some means, no matter how unfair.

Frank had not sought popularity; it had come unbidden. Having found himself a leader, however, he had pride enough to hold the position just as long as he was capable of doing so fairly and honestly. But he had already discovered that he would be assailed openly and secretly, and his foes would try to drag him down by any means, fair or foul.

Had Rains been a little more cordial, had he shaken hands with Frank as if he really held no grudge, Merriwell would have been more than glad to hail him as a good fellow and a friend. But the touch of his fingers was enough to reveal the bitterness in his heart. Having disliked and envied Merriwell before, Rains would now dislike and envy him still more.