"Mr. Merriwell," said Reynolds, stiffly, "I am here in the interest of my friend, Mr. Bascomb."

"I presumed as much," came quietly from Frank's lips.

"You have openly insulted Mr. Bascomb, and he demands an immediate apology."

Frank whistled.

"Is that all?" he exclaimed, with a queer twist of his face and a twinkle in his eyes.

"You will find this a very serious matter, sir," said Reynolds, with an assumption of great dignity.

"Mr. Bascomb may also find it serious."

"Will you apologize?"

"You may tell Mr. Bascomb that I will apologize to him when he is man enough to apologize to Fred Davis, and publicly acknowledge that he treated the little plebe in an unmanly and bullying manner."

Reynolds made a scornful gesture.