Nelson had scarcely spoken when Billy Darnley made a sudden clutch for the pocket of his vest.

Much dilapidated, the pocket gave way easily; and in a twinkle the bully was running up the street with five dollars in bills and a bit of cloth clutched tightly in his dirty fist.

"Hi! stop!" cried Nelson, but instead of heeding the demand, the bully only ran the faster. Soon he passed around a corner and down a side street leading to the East River.

Nelson was an excellent runner, and, papers under his arm, he lost no time in making after the thief. Thus block after block was passed, until pursued and pursuer were but a short distance from one of the ferry entrances.

A boat was on the point of leaving, and without waiting to obtain a ferry ticket, Billy Darnley slipped in among the trucks going aboard. A gate-keeper tried in vain to catch him, and then came back and shut the gate, just as Nelson reached it.

"Open the gate!" cried Nelson, so out of breath he could scarcely utter the words. "Open the gate, quick!"

"Go around to the other entrance," replied the gate-keeper, and then added, "Are you after that other newsboy?"

"I am. He stole five dollars from me."

"Five dollars! That's a good one. You never had five dollars in your life. You can't get a free ride on any such fairy tale as that. You go around and buy a ticket, or I'll call a policeman."

In despair Nelson looked through the high, slatted gate and saw that the gates on the ferryboat were already down. A bell jangled, and the big paddle wheels began to revolve. In another moment the boat had left the slip and was on its way to Brooklyn.