He nodded back up the road. Coming in the same direction that the boys themselves had traveled was a faded, queer-looking old red wagon, much decorated on the outside by a lot of hanging, swinging tin and agate ware.

"That's the old-fashioned tin-peddler that I've heard a good deal about as being a common enough character some forty years ago," said Prescott. "Our grandmothers used to save up meat-bones, rags and bottles and trade them off to the peddler, receiving tinware in return."

"The man on that wagon was doing business forty years ago," remarked Tom. "In fact, judging by his appearance, he must have been quite a veteran at the business even forty years ago."

A bent, little old man it was who was perched upon the seat of the red wagon. Once upon a time his hair had been tawny. Now it was streaked liberally with gray. He was smoking a black little wooden pipe and paying small attention to the sad-eyed, bony horse between the shafts. There was a far-away, rather dull look in the old peddler's eyes.

Just before he reached the boys, whom he had not seen, he took a piece of paper from his pocket, pulled his spectacles down from his forehead and read the paper.

"I don't understand it," muttered the peddler, aloud. "I can't understand it. I wish I had someone to give me the right of it."

"Could we be of any service, sir?" Reade inquired.

Hearing a human voice so close at hand the peddler started for an instant. Then he pulled in the horse.

"I dunno whether you can be of much use to me," answered the peddler slowly. "You don't look old enough to know much about business."

"Still, I know more than anyone would think, from just looking at me," volunteered Reade, reddening a bit as he saw the laughter in Dick Prescott's eyes.