Jacob Simmons was found guilty of blackmail, and was sentenced to one year at hard labor in the State prison, in addition to a fine of three hundred dollars.

But where was Matthew De Vere all this time?

Among those who congratulated Fred, none did so with more sincerity than did Nellie Dutton, and the flattering remarks made about him by the entire village were very gratifying to her.

As she and Fred talked over the trying events of the preceding months, she remarked that she had learned to esteem him more highly than ever.

"To hear you say that, Nellie," said he gratefully, "more than repays me for all I have suffered from Matthew De Vere's malice."

"I am glad, then, that we are such good friends," said Nellie thoughtfully.

"Yes, even better than in the old days, are we not?" said Fred, almost affectionately.

"We know each other better, I think," answered Nellie. Then she went to the piano, and, playing her own accompaniment, she sang with unusual effect one of Fred's favorite songs.

A few days after the trial Fred received a note from Mr. De Vere, asking him to come to the bank. Obtaining permission to leave the mill Fred started off. He found the bank president looking worn and anxious. Mr. De Vere greeted him kindly, and said:

"Fred, I have sent for you to offer you a position. Would you like to become a banker?"