“Well?”

“We want all we can get. Although we enjoy the game, we’re not easy marks.”

“I didn’t take you for easy marks, Merriwell,” said McGann. “You misunderstood me.”

“I hope I did.”

Bart was smiling in a grimly satisfied manner.

“What is your idea of what is right in the way of terms?” asked the manager of the Outcasts. “Will two hundred dollars satisfy you?”

“Hardly!”

“Then what?”

“Not less than fifty per cent of the net receipts.”