When he finally spoke it was with a slow and steady measure of speech revealing great self-restraint.

"Did you bet on the race? Is that what's the matter?"

Walter lifted up his head and looked with a terrified face at his father.

"O father, don't be hard on me! I felt so sure we would win! I didn't see any risk! And all the fellows in Burrton bet on the race. A fellow isn't considered loyal to the school unless he bets something."

"How much did you lose?"

"I put up that last one hundred you sent me and fifty more."

"When do you have to pay?"

"I suppose at once. That's the rule."

"What other debts have you?"

Walter hesitated; then he said feebly, "I owe five week's board and some items at the men's furnishing."