The night mail at Fardale was not delivered at the academy till the following morning, and Frank had come to the village post office late that afternoon to obtain an expected letter from home, if it had arrived.

He had also hoped that, on his way to the post office, or in returning to the academy, he might catch a glimpse of Inza. Frank was now a welcome visitor at Inza's home, but, being governed by natural tact and delicacy, he did not wish to call too frequently, fearing Inza's parents might regard him as something of a bore.

Shortly after entering the village he had noticed the stranger in black, who seemed to be staring wonderingly at the boy. To Frank's surprise, this man followed him about.

Finally the stranger slipped softly to Frank's side, and hoarsely whispered the question with which this chapter opens. At the same time, he pointed to a peculiar ring which Merriwell wore on the third finger of his left hand.

Frank drew back, looking the man over from head to feet.

"I beg your pardon, sir," he said, in a manner that was intended to repulse further advances.

But the man was not to be choked off thus easily.

"The ring," he repeated. "I asked you where you obtained it."

"I know you did," said the boy, coolly.

"Answer me!" sibilated the stranger, his brows darkening beneath the wide brim of the hat, and a gleam of fire showing in his eyes. "Tell me the truth, boy!"