"You must let me be the judge of that," said the lady, kindly. "Here is the key; I nearly forgot to give it to you. I suppose you know how to wind it up?"

"Yes," said Dick. "I understand that. I am very much obliged to you."

"You are very welcome. Whenever you look at it, let it remind you that under all circumstances you can rely upon the friendship of Johnny's parents."

Dick slipped the watch into a watch-pocket in his vest, for which he had never before had any use, and attached the chain to his button-hole.

"How beautiful it is!" he said, in tones of admiration.

"It was bought at Ball & Black's," said Mrs. Rockwell. "If it should not keep good time, or anything should happen to it, I advise you to take it there, and they will repair it for you."

Dick perceived by his new watch that it was nearly ten o'clock, and rose to go. He was kindly invited to renew his visit, and promised to do so. Just as he was leaving the room, Mr. Rockwell handed a sealed envelope to Dick, saying, "Put this in your pocket, Richard. It will be time enough to open it when you get home."

Dick sped home much more quickly than he had come. He thought with delight of Fosdick's surprise when he should see the new watch and chain, and also with pardonable exultation of the sensation he would produce at the table when he carelessly drew out his watch to see what time it was.

When he reached his boarding-house, and went upstairs, he found Fosdick sitting up for him.

"Well, Dick, what sort of a time did you have?" he asked.