“I think,” suggested Paul Martinson, his face looking extremely worried, “that we had better search through the woods thoroughly in case they are lost. Something must have happened to them to keep them away this long.”

He had no sooner made the suggestion than it was carried into effect, and the girls and boys scattered through the woods in search of the two who had disappeared.

They returned in a little while, however, dispirited and more anxious than ever. There was an attempt to go on with the fun in the hope that Teddy and Billie would return in a little while to laugh at their fears, but it was no use. The fun lagged, and finally the girls broke up the party altogether by declaring their intention of going back to the school.

“Billie may be at the Hall now for all we know,” Connie said hopefully, as they started back along the road. “She may have been cold or something and asked Teddy to take her home.”

“Humph,” sniffed Laura, “that sounds a lot like Billie.”

Nevertheless they did hope that, foolish as it sounded, Billie had returned to the Hall before them. But when they reached there and found no sign of either her or Teddy they were puzzled and more worried than ever.

The boys had gone on toward the Academy, and there was not one of them who was not disturbed in his mind. Teddy was as popular at the Academy as Billie was at the Hall, and, besides, Billie was a general favorite with all the lads.

“I’ll wait a little while after I get back,” Chet told them as they tramped back silently, their sleds skidding along behind them, “and then I’ll call up the Hall. If Billie isn’t back by then we’ll have to notify the police—or something.”

And at the Hall her classmates had decided to wait a little while also before they reported Billie’s disappearance to Miss Walters.

Probably nothing serious had happened, they argued, and if Miss Walters were notified Billie might have a lot of explaining to do that otherwise she would be saved.