Mrs. Fenton looked amazed.

"A boy like you!" she said.

"I don't wonder you are surprised. I was surprised myself."

"But who had the bonds, and how did you recover them?"

"Two men were in the conspiracy. One of them was sorry for the theft, and ready to help me. The other meant to keep them. He had taken them away from his partner and hidden them in the forest."

"And you found them?"

"Yes; sit down and I will tell you the story."

Fred did so, and when it was finished he added: "How much do you think Mr. Wainwright paid me for my trouble?"

"He ought to pay you handsomely."

"What would you consider paying me handsomely?"