Peter did as he was told. He had not taken many steps when he jumped back with a cry.
"What is it? What is it?" he asked.
Polly ran forward, and what do you think she saw?
On the other side of the tree something moved. Polly saw two large eyes, two long ears, a brown head, and then she knew that it was a pony.
"Peter, Peter!" she cried, "here is the pony! It is on the Christmas tree! O Peter, Peter, Peter!"
"Lead her out," said father. "She will come with you. She likes children."
So Polly took hold of the little strap. And the pony walked out into the room after her.
"Her name is Brownie," said father. "She is grandmother's present to you and Peter. She is half yours and half Peter's."
"O grandmother!" cried Polly. "I thank you now, but I will thank you better by and by."
"Which half is mine, grandmother?" asked Peter.