"How do you know?"

"I am sure it is quite true, for my father was talking about it last night, and of course I understood how it was that Mabel's place was vacant this morning," continued Ethel.

"Vacant! I should think it was! You don't suppose she would show her face here, do you?" exclaimed Julia Woburn. "Of course no one would take any notice of her. Only fancy the idea of being seen with a bankrupt's daughter!" she added scornfully.

"Well, it is not her fault." "I suppose she could not help it," said one or two of the girls.

"If it is not her fault it is her father's, and of course it is a great disgrace to the family. I shouldn't think they would ever hold up their heads again," remarked Julia proudly.

"It is very sad." "I always thought them rich." "Mabel was never proud," began a chorus of voices, but the luncheon bell ringing at that moment put an end to the conversation.

The subject was not forgotten, however, and was referred to again in the afternoon, when the girls were preparing to return home.

"What do you think the Stanleys will do?" asked a girl of Ethel Thompson, who having brought the news was expected to know everything relating to her unfortunate school-fellow's family affairs.

"I don't know," replied Ethel. "Perhaps Mr. Stanley will begin business again, men do sometimes, you know; or he may go away from the town and start elsewhere."

"The best thing he can do, I consider," cried Julia. "I can't conceive how people can show themselves in a place where every one knows they have failed. I am sure I could not do it. But some persons have coarse natures and do not feel things as much as others."