He was able to hide his own deficiencies, having generally in his employ some college graduate, whose poverty compelled him to accept the scanty wages which Socrates doled out to him. These young men were generally poor scholars in more than one sense of the word, as Mr. Smith did not care to pay the high salary demanded by a first-class scholar. Mr. Smith was shrewd enough not to attempt to instruct the classes in advanced classics or mathematics, as he did not care to have his deficiencies understood by his pupils.

It pleased him best to sit in state and rule the school, administering reproofs and castigations where he thought fit, and, best of all, to manage the finances. Though his price was less than that of many other schools, his profits were liberal, as he kept down expenses. His table was exceedingly frugal, as his boarding pupils could have testified, and the salaries he paid to under teachers were pitifully small.

So it was that, year by year, Socrates Smith, A. M., found himself growing richer, while his teachers grew more shabby, and his pupils rarely became fat.

Allan Roscoe took a carriage from the depot to the school.

Arrived at the gate, he descended, and Hector followed him.

The school building was a long, rambling, irregular structure, of no known order of architecture, bearing some resemblance to a factory. The ornament of architecture Mr. Smith did not regard. He was strictly of a utilitarian cast of mind. So long as the institute, as he often called it, afforded room for the school and scholars he did not understand what more was wanted.

“Is Mr. Smith at leisure?” Mr. Roscoe asked of a bare-arm servant girl who answered the bell.

“I guess he’s in his office,” was the reply.

“Take him this card,” said Mr. Roscoe. The girl inspected the card with some curiosity, and carried it to the eminent principal. When Socrates Smith read upon the card the name

ALLAN ROSCOE,