What an unlucky snarl it was! How unfortunate that the March Hare's bank account should have been muddled and its editor driven to repair an error that was not his! Had not this occurred, all would have gone smoothly and he could have thrust the odious money back in Mr. Carter's face and left his office a free man. He hated Mr. Carter, the March Hare, the school, and all the web of circumstances in which he was entangled! He wanted that typewriter. It seemed as if he must have it. In the meantime, the May issue of the school paper came out and preparations for the June number, the last that 1920 would publish, began. The swift passing of the days forced Paul's hand. Whichever way he was to act he must act soon now, and he found himself no nearer a decision than he had been two weeks ago. He still had Mr. Carter's money in his pocket, and he was still eyeing the Corona he longed for and which he could neither bring himself to purchase nor give up; he was, too, quite as unreconciled to doing his Alma Mater an injury as he had been before. Round and round in a circle he went, the same old arguments bringing him to the same old conclusions. There seemed to be no way out.

While he was still pondering what he would do, an interesting visitor arrived at the Cameron home. This was Mr. Percy Wright, a college classmate of Paul's father and the owner of one of the largest paper mills in the State. He was a man of magnetic personality and wide business experience and Paul instantly conceived that warm admiration for him which a younger boy will often feel for an older man.

A fund of amusing anecdotes rippled from Mr. Wright's tongue. It seemed as if there was no subject on which he could not converse. He had an entertaining story about almost every topic suggested and kept the entire Cameron family laughing heartily through each meal. Paul watched the stranger with fascinated eyes. How charming he was, how witty, how clever! And yet Mr. Wright was not always jesting. On the contrary, he could be very serious when his hobby of paper-making, with its many interdependent industries, was mentioned.

He was, for example, in close touch with the publication of periodicals, newspapers, and books, and he immediately hailed Paul as a colleague.

"So you are the editor-in-chief of a widely circulated monthly magazine, are you, my boy?" he remarked. "Well, you certainly have an enviable job. It is a pity you are not going to keep on with the work. Your father tells me he thinks you have made a great success of it."

Paul colored uncomfortably.

"Not that I would have you throw over your college career," added Mr. Wright quickly. "Not for a moment! But publishing work is so alluring! I have always wanted to own a newspaper and I have not yet given up hope of doing so before I die."

"My paper isn't anything wonderful," said Paul modestly.

"But it is a clean, good magazine of its sort. I have been looking over several copies of it since I have been here. You have nothing to be ashamed of. I call the March Hare a mighty fine little publication. It's a splendid starter and I'll be bound has given you some excellent experience. Every paper has to have a beginning. All our big newspapers began on a small scale. There is some difference between one of our modern Sunday issues and the Boston News-Letter of long ago."

"I don't think I know what the Boston News-Letter was," Paul said.