IV

Jimmy Preston sat curled up on one foot by the table in Peg Morrison’s loft. His yellow hair was damp and towsled, for he had run bare-headed through the rain, bearing his precious book of “Vallable Information” tucked under his blouse.

“I didn’t bring my red ink,” he explained breathlessly to Peg, “‘cause I was ’fraid I’d spill it. I fought I could borrow some of yours.”

“You can, an’ welcome, son,” agreed Peg, “but remember that’ll give me an option on yours. Them that borrows ought to be willin’ to lend. They ain’t though, as a gen’ral thing. Borrowers is spenders, and lenders is savers, as a rule.”

“I’ll lend you my whole bottle of red ink an’ I’ll lend you my pen, too,” said Jimmy magnificently.

The little boy spread his book open on the table for Mr. Morrison’s inspection. “You see I’ve begun it already,” he said with pride.

“Le’ me see; what you got here?” and Peg traced the first wavering line with a horny forefinger.

“That’s how not to lose a letter,” said Jimmy proudly. “Barb’ra says sometimes letters are ’portant, an’ you don’t want to lose ’em.”

“‘Lev letters in the posoffis. They wil be saf ther,’” read Peg slowly. He paused and screwed his mouth in a noiseless whistle.