“Very,” agreed Billy as he took his leave. “By the way, sir, does any one else know of your offer?”

“Nobody; not even Reade. I guess he’s pretty sore that we took him off aviation on the eve of making the prize offer, but it can’t be helped.”

“Why, I—you see, sir, I’d rather not take it, if it is blocking Reade in any way. I don’t want to take the assignment at all if it’s going to hurt Reade with the paper.”

The managing editor gave an impatient wave of his hand.

“Let me attend to Reade,” he remarked impatiently, “you go and get out a story for to-morrow about possible contestants. Of course your friends, the Chester boys, will enter?”

Billy looked dubious.

“I don’t know,” he replied. “I rather think they were planning for a rest and to continue their studies, and this cross-country flight won’t be any picnic. However, I hope they do enter,” replied Billy.

“I had no idea that there would be any doubt about it,” said Mr. Stowe impatiently, “well, do the best you can. Anyhow, get interviews with Blewitt, Sharkness and Auldwin. They will be sure to enter their machines, and let’s have a good, live story for to-morrow. By the way, not a word of this to anybody but the aviators you may see till we publish the offer. The Despatch would be quite capable of offering a similar prize to-morrow morning if they learned what was in the wind.”

Billy nodded as Mr. Stowe once more gave a sign of dismissal, and hastened from the room. So hurried was his exit, in fact, that he almost bumped into Reade as he made his way out. The editorial room was deserted, except for the dark-haired, slender young fellow with whom Billy had almost collided. The other reporters were all out on their assignments.

“Well?” were Fred Reade’s first words.