When Fred Sheldon had spent some minutes examining the knife he had picked up from the floor, he opened and closed the blades several times, and finally dropped it into his pocket, running his hand to the bottom to make sure there was no hole through which the precious implement might be lost.

"I think that knife is worth about a thousand dollars," he said, with a great sigh; "and if Aunt Lizzie and Annie don't get their silverware and money back, why they can hold on to the jack-knife."

At this juncture it struck the lad as a very strange thing that the two ladies should sleep in one part of the house and leave their valuables in another. It would have been more consistent if they had kept the chest in their own sleeping apartment, but they were very peculiar in some respects, and there was no accounting for many things they did.

"Maybe they went in there!" suddenly exclaimed Fred, referring to the tramp and his friend. "They must have thought it likely there was something in their bed-room worth hunting for. I'll see."

He felt faint at heart at the thought that the good ladies had been molested while they lay unconscious in bed, but he pushed his way through the house, candle in hand, with the real bravery which was a part of his nature.

His heart was throbbing rapidly when he reached the door of their apartment and softly raised the latch.

But it was fastened from within, and when he listened he distinctly heard the low, gentle breathing of the good souls who had slumbered so quietly all through these exciting scenes.

"I am so thankful they haven't been disturbed," said Fred, making his way back to his own room, where he blew out his light, said his prayers and jumped into bed.

Despite the stirring experiences through which he had passed, and the chagrin he felt over his stupidity, Fred soon dropped into a sound slumber, which lasted until the sun shone through the window.

Even then it was broken by the gentle voice of Aunt Lizzie, as she was sometimes called, sounding from the foot of the stairs.