"So I thought at the time, sir," Fred said quietly.
"And I am now prepared to rectify my mistake. You may tell your mother that I will give her a hundred dollars for it."
"A hundred dollars?"
"Yes; that is probably more than it is worth at present, but I can afford to wait until it increases in value."
Mr. Ferguson sat back in his armchair and fixed his eyes on Fred with the air of one who has made a most generous offer.
"Did your mother authorize you to make a bargain?" he inquired.
"No, sir."
"She wished you to report to her, I suppose. This offer will hold good for twenty-four hours. You can come around to-morrow evening, and the matter can be settled at once. It may be well for your mother to come round also, as her signature will be required to the bill of sale."
"I am sorry to disappoint you, Mr. Ferguson, but I don't think we will sell."
"Young man," said Ferguson severely, "if you advise your mother to reject this offer, you will take upon yourself a great responsibility."