"I wish I had," said Billy ruefully. "But I do now. I'm glad I had on an old suit."

By this time Andy had the boat near shore, and a little later the two brothers were helping Billy wring the water from his heaviest garments. It was no easy task to get them on again, and Frank insisted that his own coat be used in place of the wet one of his chum.

"You'll need it yourself," insisted Billy. "It's quite cool to-day."

"No, I can keep warm rowing," declared Frank, passing over his garment.

"Then if that's warming work, me for an oar!" exclaimed Billy, who was shivering in spite of the fact that it was late Spring.

With Billy and Frank pulling at the oars, the craft shot down the river toward the boarding school, aided by the swift current. In a short time Riverview Hall loomed in sight and a crowd of students could be seen gathered on the dock near the boathouse.

"Huh! Great rowers you fellows are!" cried Jack Sanderson, when he saw the water in the bottom of the craft, where it had dripped from Billy, and noticed the damp figure of the Freshman.

"What did you do—upset?" asked Ward Platt.

"No, they've been inventing a new kind of submarine," chimed in John North.

But when the students learned what had happened they offered their congratulations to the rescued lad, and to the Racer boys who had so pluckily pulled him out in the nick of time.