She had taken her portfolio from under her arm and laid it on his desk. It was a pretty portfolio, bound in powder blue and silver, and was fastened by a powder blue tape with silver tassels. Bones eyed it with pardonable curiosity.

"I'm not asking you for money, Mr. Tibbetts," Miss Stegg went on in her soft, sweet voice. "I think we can raise all the money we want at the bazaar. But we must have things to sell."

"I see, dear old miss," said Bones eagerly. "You want a few old clothes? I've got a couple of suits at home, rather baggy at the knees, dear old thing, but you know what we boys are; we wear 'em until they fall off!"

The horrified Hamilton returned to the scrutiny of his notes.

"I don't suppose under-garments, if you will permit the indelicacy, my dear old philanthropist——" Bones was going on, when the girl stopped him with a gentle shake of her head.

"No, Mr. Tibbetts, it is awfully kind of you, but we do not want anything like that. The way we expect to raise a lot of money is by selling the photographs of celebrities," she said.

"The photographs of celebrities?" repeated Bones. "But, my dear young miss, I haven't had my photograph taken for years."

Hamilton gasped. He might have gasped again at what followed, but for the fact that he had got a little beyond the gasping stage.

The girl was untying her portfolio, and now she produced something and laid it on the desk before Bones.

"How clever of you to guess!" she murmured. "Yes, it is a portrait of you we want to sell."