Ethel did not wait to hear more, but went to school next day full of the idea of humbling Julia by means of this wonderful piece of news. She had already whispered it to two or three girls when the cousins appeared at the door and the bell rang for class.

Julia was rather late, and in her hurry she placed her hat upon the nearest vacant peg, which happened to be Mabel Stanley's. Mabel entered at that moment, and seeing that her peg was occupied, quietly asked Julia to remove her hat. She did so with a very bad grace, and without saying a word hastened to join her companions in the schoolroom.

"How shamefully Julia Woburn treats that poor child!" said one of the elder girls who lingered in the cloak-room, "and I hear that it is simply because Mr. Stanley has failed in business."

"Yes," replied the other, "and what makes it more disgraceful is—that her own father was a bankrupt not very long ago!"

"Her father? Mr. Woburn? Surely you are mistaken!"

"No, indeed. Ethel Thompson brought the information this morning, and is quite full of it."

It so happened that Julia was returning to the cloak-room for a book which she had forgotten, when she heard her own name mentioned, and pausing for an instant on the threshold overheard all that was said.

She ran in and confronted the two girls, her eyes flashing and her heart beating fast, and exclaimed, "Did Ethel really say that? How dare she tell such an untruth!"

"Perhaps it was only a joke," said the girl who had spoken first.

"It is a slander, an insult, and I'll not stand it!" said Julia indignantly.