"Yes, fortunately that was all. But there surely would have been more if you had not, Walter would have drowned. How you managed to get him out, without both of you going down, is more than I can understand."

"He dived in and swam out with me," Walter informed him.

"Quite so. And you wished my son to say nothing about it?" added the banker with a twinkle in his eyes, not wholly lost on the boy who was standing so rigidly before him, steeling himself to the most trying ordeal he ever had experienced.

"I did, sir."

"Walter respected your wishes in the matter. But something came up last evening that induced him to make a clean breast of the whole affair. And I am very glad he did so."

"Yes, sir."

"Walter tells me you are a great lover of animals, especially horses."

"I am more fond of them, sir, than of anything else in the world, save my mother," answered the boy, his eyes growing bright.

"And he also has told me about this new club of which I most heartily approve. It will be an excellent thing for Walter. But of course you will not be able to go out with the boys, not having a pony of your own."

"No, sir," answered Tad in a firm voice.