As soon as possible the captured robber was handed over to the authorities, and Dick sent a message home acquainting his uncle with what had occurred. This brought on both Randolph Rover and the boys' father.

"You have certainly done wonderfully well," said Randolph Rover, as he took his bonds. "Were you not so rich already I should want to reward you."

"We don't want any reward," said Dick. "But I am sorry we didn't catch Merrick."

For a long time the authorities tried to catch Sid Merrick and also endeavored to learn the whereabouts of Tad Sobber, but without success. They had disappeared, and that seemed to be the end of it. The old house was visited again, but nothing of value was found there. Later on some tramps set it on fire and it was burnt to the ground. A month later John Pike and one other freight thief who was captured were tried for their misdeeds and sent to prison. The authorities used Bill Dangler as a witness against them, and Dangler, consequently, was let go. Strange to say, Dangler turned over a new leaf and became a hard working man in a railroad stone quarry some miles from Carwell.

With the mystery of the traction company bonds cleared up, the Rover boys returned to Putnam Hall to complete their last term at that institution of learning. They applied themselves diligently to their studies, and when the final examinations came off all passed with flying colors.

"Whoop! I'm glad those exams are over!" cried Tom. "I feel as if a hundred-pound weight was taken off my shoulders."

"I am glad, too," answered Sam.

"And I am glad all of us did so well," put in Dick. "Our reports will please father and Uncle Randolph and Aunt Martha."

It had been arranged that the commencement exercises should be carried out on rather an elaborate scale, and many people were invited to attend. This brought all the Rovers and also the Stanhopes and the Lanings to Putnam Hall. Dick had been called on to deliver the valedictory and he made such a stirring address that he was vigorously applauded. Sam and Tom appeared in a humor dialogue, with Fred and Larry, and this was received with shouts of laughter. Songbird recited an original poem which was a vast improvement over the most of his doggerel, and Hans and some of the others sang in a quartet which would have done credit to the average college glee club.

"Oh, it was splendid, Dick!" said Dora, after it was over and congratulations were in order. And her eyes shone like stars as she pressed his hand.