"I didn't," said Mr. Tallman. "And I wouldn't sell Toby now, only I just have to. You see it's this way, Mr. Brown. I owe a lot of money I can't pay. I owe some to that Mr. Tang we met the other day, and he's a hard man. He wants every penny, and I don't blame him for that. I'd pay if I could, but I can't.

"I thought everything was going nicely, after I met you, and some friends let me take money to pay some of my debts. Then I had bad luck. That's what I had, bad luck."

"Was it about Toby?" asked Bunny eagerly. "Is he hurt?"

"No, Toby is all right," answered Mr. Tallman. "The only bad luck about him is that I have to sell him. I hope he brings you good luck.

"No, the bad luck I speak of is that I have lost a lot more money. In fact, I have been robbed," said Mr. Tallman.

"Robbed!" cried Mrs. Brown, and she looked at the doors and windows as if to make sure they were fastened, though it was broad daylight, when no burglars would come.

"Yes, burglars, or thieves of some sort, got in my house the other night," went on Mr. Tallman, "and took a box of valuable papers. They were stocks and bonds on which I could have raised money, but which I was saving to the last minute," he said. "Of course, you little tots don't know what stocks and bonds are," he added, speaking to Bunny and Sue, "so I'll just say that the thieves took away a box of papers that I owned. And the papers could have been sold for money."

"Oh, Mr. Tallman!" burst out Bunny. "I know where there's a lot of paper. It's down at the printing office, where they make the Journal daddy reads every night."

"Yes, but the kind of paper the burglars took away from my house isn't that kind," said Mr. Tallman. "Never mind about that. I want to tell you about the pony."

And it was about the pony that Bunny and Sue most wanted to hear.