"At any rate, she is sure to come back here for it," went on Paul, "and I wanted to save her any possible anxiety. I hope it belongs to some real nice girl, and if it does, don't forget to say that I found it. And you might add that I would be glad to receive a small reward in the shape of permission to show the aforesaid pretty girl the sights around here in the auto I am soon to run."

"All right," laughed Jack. "That would be some sort of reward. But, as for myself, I must confess I would prefer a smile of gratitude. Just fancy the girl receiving back her ring! Won't she flop over in a sheer state of collapse!"

"Have you looked inside the ring?" asked Ed. "There might be a name or initials in it."

"Never thought of it," admitted Paul. "Hazel, who was with me when
I found it, made me hurry right back, and I didn't get a chance."

Jack lead the circlet, and holding it close to a drop-light, he peered closely at it.

"By Jove!" he exclaimed. "There are initials!"

"Whose?" asked Ed.

"'I.G.' Whose are they? 'I.G.' Why, of course. `I.G.'—Ida Giles! Whoever would have thought it? Ida Giles with an engagement ring!"

"And why not?" queried Ed. "Isn't Ida the bright-red, dashing sort? Lots of fellows would call her dashing, and, from what I have seen of her to-night, she certainly is bright."

"Well, of all things!" exclaimed Jack, who seemed unable to get over it. "And you're on her side, eh, Ed? Why, man, not a fellow in the whole of Chelton ever got through more than one dance with her—except Sid Wilcox, and I can't see why he sticks to her."