"Oh! oh!" a shrill scream was heard; and Viola Vincent pushed her way through the crowd of girls, and threw herself upon Peggy.

"My Veezy-vee!" she cried. "It was my room! V., do you hear? It was our room that horrid wretch was robbing. My dear, if we had been there we should have been murdered in our beds, I know we should. Peggy Montfort has saved our lives. Isn't it perfectly awful?"

"That she should have saved your lives?" asked the Snowy Owl, laughing. "Come to your senses, Vanity, and don't strangle Peggy. She's black in the face, and I shall have to set about saving her life if you don't let her go."

Released from Viola's embrace, Peggy gasped, and shook herself like a Newfoundland puppy.

"Don't be ridiculous, Vanity!" she said, looking at once pleased and shamefaced. "It wasn't anything, of course; it was just what any one else would have done. But do look out for your things! They are scattered all about the lawn; he threw away a lot of them when he first came out, and we shall be stepping on them if we don't take care. Oh! oh, please don't say anything more about it. It was just the merest chance I happened to go up." This was to Vivia Varnham, who, trying to overcome her ungraciousness, was expressing her gratitude for what Peggy had done. It was evidently an effort and was not pleasant for either girl.

The girls scattered over the lawn, picking up here a hairpin, there a brooch or buckle. It really seemed as if Vanity Fair was stocked like a jeweller's shop. Gertrude Merryweather, standing by Peggy, uttered an exclamation. "My dear! Peggy! Why, you are all over blood! You are bleeding now. What—where—oh! oh, Fluffy, look here!" Bertha came running, as Gertrude lifted Peggy's arm, which was indeed dripping blood. Both girls exclaimed in horror, and Bertha turned quite white; but Peggy looked at it coolly.

"Oh!" she said. "That must be where I went through the window after him."

"The window?"

"Yes, didn't you hear the crash? He smashed the window in Miss Russell's study and got out, and I followed him, of course. It isn't anything. Why, I didn't feel it till you spoke."

"That is excitement!" said the Snowy Owl. "You must come in and be bandaged this minute, Peggy! Come right along to the Nest; I have bandages and lint all ready."