“For shame, Lee,” he cried. “We all know that Clark does not deserve that. I’d like to know if you consider it more honorable to keep still and let a bad fellow lead a dozen others into evil ways, than to warn the professor and so save them. For my part, I’d rather be called a telltale than to feel that I’d had a hand in any boy’s downfall.”

Lee’s face darkened, and he muttered something, under his breath, about “cowards and cheats.”

It was Gordon who broke the silence that followed.

I can bear witness that Clark was anything but cowardly in that affair last year,” he said; “and since I’ve become better acquainted with him, I’ve been convinced that there was some underhanded work about that pony business. I mean that somebody else, and not Clark, was the one to blame.”

“And I know who it was,” added Reed.

At this, all eyes were turned on him, and half a dozen voices cried out:—

“Who, who?”

For a moment Reed hesitated, then he said, “Henderson had a hand in it.”

“Well, who else? Why don’t you out with it?” questioned Hamlin, eagerly.

“Bet a cooky ’twas Crawford,” cried Raleigh. “It was, it was!” he added, as Reed colored, and remained silent.