"Ruined!" repeated the boy. "What do you mean? Come back to where I've left my bicycle. Now that you've told me so much, you may as well let me have the whole story."

They retraced their steps in silence, Cole apparently making up his mind whether or not he should disclose the story of his misfortunes.

"I might as well make a clean breast of the matter," he muttered. "It'll all come out sooner or later. When you speak to the master, sir," he continued, "you'll say what you can for me, I hope. I'm sorry for what's past, and I've done my best to make amends."

Looking at his companion as they came once more under the light of the gas-lamp, Brian was astonished to see what a change had taken place in his appearance. He looked ill and careworn; his clothes were untidy, and his chin had evidently not been shaved for days.

"You needn't be afraid to tell me everything," said the boy. "I'm sorry if you're in a mess, and I'll do what I can to get you out of it, William."

"Thank you, sir," was the reply.

They walked slowly along the deserted road, and as they did so Cole told his story.

"It was my own fault," he began. "I got to spending my evenings with a lot of young chaps at the 'Red Horse,' and soon I was short of money. They was a betting lot, and one of 'em told me if I could lay my hand on as much as fifty pound, he'd put me on to a way of making a fortune. I needn't trouble you now, sir, with a long account of how it was to be done; but it seemed simple and easy enough, and I thought about it night and day. You know that old box, Mr. Brian—the one in the master's library at the Pines? Well, of course, I'd heard the story about it, and seen it a good many times when I was in doing odd jobs or helping with the cleaning. I'd made up my mind that there must be money inside it, and the thought came over me that if I could get out enough to carry out the plan this other fellow had proposed, I might make my fortune and go abroad. The amount of money I'd taken I'd send back to Mr. Ormond, with no name, but just a note to say it had been taken out of his box."

"But why did you pretend you were going to Australia?" asked Brian.

"I'm coming to that, sir. To avert suspicion, in case anything went wrong and it was found that the box had been tampered with, I made out I was going to emigrate, and that I should have left England the very night I was going to rob the box. Mr. Brian, I'm no better than a common thief; but I tell you solemnly, I meant to return what I took."