"Scholars," said he, at last, "I think we are all too much fatigued and excited to consider this difficult problem this afternoon. In spite of the ill treatment I have received at your hands, I am still your friend, as I have always been. By and by you will see that you have done wrong. To-morrow morning, if you will meet at the usual hour in the school-room, I shall have a proposition to make, which I am confident will restore peace to the Parkville Liberal Institute. You are dismissed now, for the day."

Mr. Parasyte left the hall, and we held a meeting there on our own account. If the principal did not know what to do, we were no better off, and we finally separated without any fixed plans. We agreed to meet in the school-room in the morning, though we all doubted whether Mr. Parasyte would have any proposition to submit. The students decided not to send the circulars to their parents until the next day.

We wanted advice, and our hope was with Mr. Hale. At Vallington's suggestion, half a dozen of us were appointed a committee to wait upon him. He had expressed a desire to hear "the other side" of the case. We went to Mr. Hale's house, and found there Mr. Hardy, the assistant teacher, who had been discharged. We told our story, and related the facts as they occurred. Mr. Hardy said nothing in our presence, and we left him with Mr. Hale, who, we afterwards learned, had sent for him.

Bob invited me to spend the night with him, and having no home now, I was glad to accept. After supper, I was called into the library, and questioned at great length by Mr. Hale and Mr. Hardy in regard to the affairs of the Institute. While we were thus engaged, Bob was sent to deliver several notes to prominent and wealthy men in the place. At seven o'clock there were not less than half a dozen of the "heavy men" of Parkville in the library.

Of course Bob and I did not know what was going on, but we were confident that the affairs of the Institute were under discussion. At a later hour, Mr. Hale and another gentleman drove off, in a buggy, towards the cottage of my uncle, where I heard one of them say they were going. Bob and I went to bed, tired out, and did not ascertain what had been done by the gentlemen who assembled that evening.

At nine o'clock in the forenoon of the next day, the students were all in their seats, in the school-room; but Mr. Parasyte did not appear. It was reported that there were half a dozen gentlemen with him in his office, and that my uncle Amos was one of them. I was astonished at this intelligence. I subsequently heard that he was there on business, and hardly spoke a word during a long and stormy interview between Mr. Parasyte and his visitors.

The clock on the school-house struck ten, and still Mr. Parasyte did not come. It was deeply impressed upon our minds that something was about to happen, and we waited with intense anxiety for the event. At half past eleven o'clock, Mr. Parasyte entered the school-room. He looked sad and subdued, and his coming was the signal for a breathless silence among the boys. It was evident that he had a proposition to make.

"Young gentlemen, I appear before you now for the last time," said he.

He paused, and his words made a tremendous sensation, though, I am happy to say, there was no demonstration of any kind. We looked upon him as a fallen man.

"I have sold the Parkville Liberal Institute to a company composed of the citizens of this town, who have made me an offer for the property, so liberal that I could not afford to refuse it. Until about a week ago, my relations with the students have been exceedingly pleasant. I shall not allude to recent events. I take my leave with many regrets, and I sincerely desire that prosperity and happiness may attend you in the future. Good by."