"Sh-h!" cried one of them in a muffled whisper. "Here they come! Make a circle around them now and don't let either of them out!"

So Kate Speed and Lottie Sparks were surrounded by as ghostly a company as ever haunted a school gymnasium on a Friday night.

The speaker for the ghosts, who was none other than Jessie Robinson, well disguised, said in a deep voice:

"We are here assembled to bid you welcome and farewell!"

An unghostlike giggle came from the circle of white-enshrouded figures.

But Lottie and Kate did not giggle. They were palpably nervous. The gymnasium beyond the light provided by matter-of-fact electric torches in the muffled hands of the ghosts was filled with disturbing shadows. They thought of the thieves who had twice robbed the gymnasium and began to wish themselves safe back in bed.

The deep voice of the speaker continued.

"You are hereby warned, oh you livers upon earth—" Another giggle. "Livers" sounded funny "like something a chicken has," Sadie afterward explained—"that ghostly eyes are watching you. In other words," with a sudden fierce vindictiveness one does not usually associate with ghosts, "we have heard the horrid tales you have been spreading about the chums from Woodford, Kate Speed and Lottie Sparks. We like those girls, you two miserable sneaks——"

"Hear! Hear!" from the circle of "ghosts" while the captives, realizing the trap they had fallen into, made a break for liberty.

"Hold 'em, ghosts!" said the deep voice of the speaker, and the ghostly ring pressed tighter about the now thoroughly frightened Kate and Lottie.