“Yes, sir,” replied Russell. “It’s a risk, I know, but it isn’t as big as you think, I guess. We didn’t have much money to start on and so we don’t stand to lose very much, even if all went, which it can’t. We’ve taken only half a store and we’ve leased it by the month. A florist has the rest of it, a man named Pulsifer. You see, we couldn’t afford to take a whole store, not where we wanted it, and so we made an offer to this florist fellow and he fell for it right away. He had more space than he needed, except around Christmas and Easter time, and he was quite keen about renting it. Then we haven’t put in a very big stock, sir. You see, there are so many things that we have to handle that we just couldn’t begin to keep them all. So we have samples of most everything and a fair line of the fall things. If we don’t happen to have what’s wanted to-day we telephone to New York for it and we get it to-morrow.”

“I see,” said the Doctor. “And of course you aren’t depending solely on the Academy trade?”

“No, sir, we’re after the High School fellows and the public generally. But we do expect to get a good deal of patronage from the Academy. In fact, sir, what I want to do ultimately is persuade the athletic teams to trade with us instead of New York!”

“Well, I endorse your courage, Emerson, and I trust you won’t be disappointed. That is—” The Doctor stopped and frowned at the pencil. “To be frank, Emerson,” he went on, “I had some idea of persuading you to give up this scheme when I sent for you. I say persuading because there is nothing in the rules of this institution that empowers me to forbid it. The mere fact that it has never before been done doesn’t prohibit it; although it is probably the reason that there is no regulation that does! I dare say you can understand why the faculty would view such a proceeding askance, Emerson.”

Russell looked frankly puzzled and finally shook his head. “No, sir, I’m afraid I can’t,” he said.

The Doctor’s brows went up a trifle and he smiled faintly. “Really? Doesn’t it occur to you that keeping a shop might interfere somewhat with the real purpose of your presence here?”

“You mean it might keep me from studying, sir?”

“Exactly, from study and progress, which, after all, Emerson, are what you are here for.”

“Why, but don’t you see, sir,” exclaimed Russell, “that if I don’t run that store I can’t stay here? Why, I—I’m doing it just because I want to study and learn! I’m doing it so I can, Doctor McPherson!”