“I like Sea Cow better,” replied Toby, pulling up his line to look disgustedly at the untouched bait. “Get something with more zip to it. Like Dart or Scud—or—or Slap-Bang. Slap-Bang would be a good name for a knockabout, for that’s just the way they go, slapping the water and banging down on the waves.”

But Arnold wasn’t very enthusiastic about that suggestion. He said something “more—more romantic” would be better, and Toby, anxious to oblige, suggested in rapid succession Polly, Mary, Moonlight, Lillian, Corsair, Pirate, and Mayflower. But Arnold was hard to please, and turned up his nose at all of those. After that the subject was momentarily abandoned and Arnold reverted to the question of Toby’s expenditure of that one hundred and fifty dollars. It seemed to hurt Arnold to think of that magnificent sum lying idle in the bank, and he was all for action. He had more schemes for getting rid of it than Toby could remember.

“How much did you say it would take to go to Yardley Hall for a year?” Toby asked finally, putting fresh bait on his hook and absent-mindedly wiping his hands on his trousers.

“Yardley? I don’t remember what we figured it. Why?”

“I was just thinking,” murmured Toby. “Seems to me we said it would be about three hundred and fifty dollars for everything.”

“I guess so. Let’s see. A hundred and fifty for tuition, say two hundred for room and board, and about ten or fifteen for other things. How much is that?”

“Three hundred and sixty-five,” replied Toby promptly. “I’d have to have two hundred and fifteen more, wouldn’t I?”

“Say!” Arnold sat up very suddenly. “You’re not thinking of—of——”