"I tell you, I don't understand about it altogether, Nan," she answered. "Dad was so blue last night that I didn't like to question him much."

"How did he come to tell you about it?" Sadie insisted.

The shadow of trouble deepened on Jo's face, and for a moment she walked on between the two girls in silence, her eyes on the ground.

"It was last night after dinner," she said finally, speaking rapidly as though she did not like to remember the scene she was about to describe. "I was raving on about Laurel Hall and wishing the last days of vacation would fly a little faster so that we could start in there when Dad turned around and looked at me. There was—there was a look on his face that frightened me!"

For a time Sadie and Nan said nothing; just stared at Jo with a tragic expression.

"Well—" prompted Nan at last.

"Well," Jo sighed, "he told me I'd better not count too much on going to Laurel Hall. At first I thought it must be a joke, but when I saw Mother over in a corner crying into one of Dad's pocket handkerchiefs, I saw it was all true enough."

"But what did he say?" persisted Sadie, who was always insatiable for details.

"Just what I told you before. That he had been unfortunate in business and had lost a great deal of money, and that he couldn't afford to send me away to school. Poor old Dad, he took it pretty hard, too. So did Mother. I wish there was something I could do to help."

"Same here!" said Nan unhappily. "This is awful, Jo!"