After dinner, accompanied by Dick, he conveyed the puppy to the village and arranged for his board and room—the latter a comfortable soap-box in the office—at Watson’s livery-stable. And after a heartrending parting the two boys returned to the academy and two o’clock recitations.

“Do you think he’ll be happy there?” asked Trevor wistfully.

“Sure to be,” Dick assured him. “He’ll be as happy as—as a bull pup!”

The following afternoon Carl Cray burst excitedly into the study, where the two were deep in the morrow’s lessons.

“It’s come!” he cried triumphantly. “She’s here!”

“Who’s come?” asked Dick blankly.

“What’s here?” echoed Trevor.

“Why, the ice-yacht—The Sleet!”