He handed it to the clerk behind the counter.

“Will you tell me what this watch and chain are worth?” he asked.

The clerk took it, and, after a slight examination, said, with a smile:

“I hope you didn’t give much for it.”

“It does not belong to me. My friend purchased it this morning. Is there any gold about it?”

“A little--on the outside. It is covered with a thin coating of gold. I will tell you in a moment what is underneath.”

“It is a kind of composition,” he announced, after a pause.

“How much is the whole thing worth?”

“Three or four dollars, at the outside. The works are good for nothing. It won’t keep good time. If you want a really good gold watch, I will show you some.”

“Not to-day,” said Sam. “I may be getting one soon; then I will call on you.”