“He’s a regular capitalist,” murmured Tom.

They talked the project over for a half-hour longer, and then, very full of it, sought their rooms. Dan informed Gerald the next morning that he had been writing articles for The Scholiant all night in his dreams!

Alf and Dan went over to Greenburg the next forenoon and had a talk with the printer. They displayed a copy of The Scholiast and asked him what it would cost to have three hundred copies printed. At first the foreman of the shop thought they were offering him the contract to print The Scholiast every week, and was extremely affable. Later, when he found that they only wanted one issue turned out, he was inclined to pay no more attention to them, and they had to explain that the thing was a joke in order to reinlist his interest. This proved a lucky move, for the foreman had a strong sense of humor and was immediately eager to have a hand in the hoax. But after he had done his figuring on the job their enthusiasm was somewhat dashed, for forty dollars and eighty cents seemed a good deal to pay for the joke. Dan told the man they would have to think it over, and would let him know right away; and after swearing him to secrecy returned to Yardley.

Tom was for taking more fellows into the scheme in order to raise the money, but the others demurred on the ground that it would increase the risk of having the secret leak out. It was Gerald who finally proposed a solution of the difficulty.

“I’ve got a lot of money I don’t need,” he said, apologetically. “I could pay fifteen dollars and you could make up the rest. I’d be awfully glad to.”

“That doesn’t seem fair, though,” said Dan. “We ought all to share alike. I’m pretty nearly busted though, and that’s a fact.”

“I’ll get my allowance Wednesday or Thursday next,” said Alf. “I guess I can put in seven or eight of it. I tell you what, fellows. Let Gerald put in fifteen—or twenty, if he will—and we’ll all pay him a dollar a week until we’re even. How’s that?”

That suited every one, and so Gerald advanced twenty dollars to the fund and the others made up the balance; and the next day the printer was informed that the copy for the first, last, and only issue of The Scholiant would be in his hands by Wednesday.

That was a busy week, and it would be untruthful to say that studies didn’t suffer in 7 Dudley and 28 Clarke. Every evening there was a meeting in one room or the other, and the Editorial Force read their productions, compared notes, criticised each other’s efforts, planned new work, and laughed themselves tired. Alf was Editor-in-Chief, Tom was assistant Editor, Dan was Business Manager, and Gerald was Star Reporter.