Hearing the sound of voices from the open door of the shed in which The Golden Butterfly, as Peggy had christened it, was nearing completion, they, without ceremony, at once made their way toward it. Peggy, glancing up from her sad reverie at the sound of footsteps, gave a glad little cry as she beheld the visitors standing framed in the sunlight of the open door. While she and the tall, dark-haired girl mingled their contrasting tresses in an exuberant school-girl caress, the lad and Roy Prescott, were, boy fashion, slapping one another on the back and shaking hands with just as much enthusiasm.

“Why, if this isn’t simply delightful, Jess, you dear old thing,” cried the delighted Peggy, as, with both hands on her chum’s shoulders, she held Jess Bancroft off at arm’s length, the better to scrutinize her handsome face, “and Jimsy, too,” as she turned to the lad with a bright smile of welcome; “wherever did you two come from?”

“From the clouds?” demanded Roy.

“No, hardly, although I don’t wonder at your asking such a question,” laughed Jess, merrily, exchanging greetings with Roy. “Roy Prescott, positively I can see your wings sprouting.”

They all laughed heartily at this, while Jess ran on to explain that she and her brother were stopping for the summer at Seaview Towers, a summer estate which their father, a Wall Street power, had leased for the season. Of course, explained the merry girl, who had been Peggy’s closest chum at school, her first thought had been to take a spin over in her new motor car and look up her friends, for Roy and James—or Jimsy—Bancroft had been almost as close chums as the girls.

“And so this is the wonderful Golden Butterfly that you wrote to me about?” exclaimed Jess enthusiastically after the first buzz of conversation subsided.

“Yes, this is it,” said Roy with great satisfaction in his tones, “and I’m proud of it, I can tell you. I think I’ve made a success of it.”

Jess and Jimsy exchanged glances. And then Jess stole a look at Peggy, but no cloud had crossed the face of Roy’s sister.

“Oh, you darling,” thought Jess, “you’re too sweet for anything. I just know how much you contributed to the Golden Butterfly’s existence, and yet you won’t detract a bit from Roy’s self satisfaction.”

As for Jimsy Bancroft, he said nothing. He glanced rather oddly at Roy for an instant. Then his eyes turned to Peggy’s face. Perhaps they dwelt there for rather a long period of time. At any rate, they were still fixed on her brave beauty when a sudden shadow fell across the stream of sunlight that poured into the open portal of the workshop.