"Why, indeed!"

There was a note of sarcasm, or was it ridicule, in the words, that put Paul on his mettle.

"We intend to make it a good, dignified magazine," he went on quickly. "We plan to have the school news and some more serious articles in it. We've got a managing board, and an editorial staff, and all the things papers have."

"And why do you come to me?"

"Because we need a printer."

"You wish me to print this remarkable document?"

Paul smiled ingenuously. "Yes, sir." There was a silence. Mr. Carter seemed too dumfounded to speak.

"You see," went on the boy, "getting out a paper would give us fellows some business experience and at the same time some practice in writing. I believe we could make the thing pay, too."

"How many subscribers have you?"

"I had two last night—myself and another boy," Paul replied. "But to-day I have a hundred and fifty; by to-morrow I expect to add about two hundred more."