Conrad continued to find his salary insufficient. He was still more dissatisfied after an interview with one of his school companions, a boy employed in a Wall Street broker's office.

He was just returning from an errand on which Mrs. Hamilton had sent him, when he overtook Fred Lathrop on his way uptown.

The attention of Conrad was drawn to a heavy gold ring with a handsome stone on Fred's finger.

"Where did you get that ring?" asked Conrad, who had himself a fancy for rings.

"Bought it in Maiden Lane. How do you like it?"

"It is splendid. Do you mind telling me how much you paid?"

"I paid forty-five dollars. It's worth more."

"Forty-five dollars!" ejaculated Conrad. "Why, you must be a millionaire. Where did you get so much money?"

"I didn't find it in the street," answered Fred jocularly.

"Can't you tell a feller? You didn't save it out of your wages, did you?"