Billie laughed, but her eyes were still very thoughtful.

But the holiday season was upon them and it was impossible for the girls to be gloomy or unhappy for very long. They wished with all their hearts that Polly Haddon and her pathetic little brood might be made happy and prosperous once more, but even while they were wishing they could not shake off the exultant thought that Christmas was coming. And Christmas to most of them meant home and family and turkeys and cranberry sauce and presents—oh, oodles of presents!

“No holiday quite as good as good old Christmas,” observed Laura, gaily, as she danced around with a package she had just been doing up in a red ribbon.

“I’m with you on that,” declared Billie. “Oh, do you know, sometimes I can hardly wait until Christmas comes!”

“But you’ll wait just the same,” drawled Vi. “We all will.”

“It’s waiting that makes it worth while,” declared Billie. “It’s like the small boy and the circus. Tell him in the morning that you will take him in the afternoon and it doesn’t amount to much. But tell him a month ahead and he’ll get a whole month’s fun out of it before it comes off.”

“All right, Billie, I’ll tell you a secret,” whispered Vi, with a twinkle in her eyes. “About a year from now we’ll have another Christmas. Now is your time to start thinking about it.” And then there were giggles all around.

“I’ll wait for one Christmas to be over before I think of the next,” declared Billie.

Billie had asked Connie Danvers to come home with her for over the holidays, but Connie, after, writing eagerly home for permission, had had to refuse the invitation. Mrs. Danvers thanked Mrs. Bradley and Billie, but there was to be a big reunion of the Danvers family that Christmas and they had all counted on having Connie with them. If Billie could come home with Connie for Christmas—but here Billie shook her head decidedly, though the invitation was an enticing one. She knew that her mother would certainly want her at home for the most wonderful day in all the year.

And so when the time came, the classmates went their several ways after many fond embraces had been exchanged—to say nothing of various mysterious little green- and red-ribboned parcels.