"I'll tell you all about it," said Dick. "I wouldn't tell Mr. Gilbert, and I don't mean he shall know it, but I'd just as lieves tell you. Do you know why Mr. Rockwell gave me this place?"

"No; I've wondered a little, not at that, but at his giving you so much higher pay than boys usually receive."

"Then I'll tell you."

Dick proceeded to give an account of the manner in which he had rescued little Johnny from drowning, as related in the adventures of "Ragged Dick."

"It was a brave act," said Mr. Murdock.

"It was nothing at all," said Dick, modestly. "I could swim like a duck, and I didn't mind the wetting."

"But you ran the risk of drowning."

"I didn't think of that."

"If you had been a coward or a selfish boy, it would have been the first thing you would have thought of. So Mr. Rockwell gave you this place in acknowledgment of your service. I am glad he did. You deserve it."

"He has done more," said Dick. Then he related the events of the evening previous, and told Mr. Murdock of the two gifts he had received. "So, with the money I had before, I have now eleven hundred dollars," Dick concluded. "Shall I leave it in the savings bank, or can I do better with it?"