The next morning the two young men met at their place of business, for both were employed in the same mercantile establishment. Tom Chester was heavy-eyed, and looked as if he had been up all night. Philip's eye was bright, and his nerves were as steady as usual.

"Did you have a good time, Tom?" asked Philip.

"Capital! I made all my calls, and had a jolly supper—to top off with. Didn't get into bed till four this morning. I feel rather seedy to-day, that's a fact. But New Year's Day only comes once a year."

"True; how much did it cost you?"

"Fifty dollars. I suppose you, like a prudent boy, saved your money?"

"There you are mistaken. I spent fifty dollars, also."

"You did!" exclaimed his friend in astonishment. "How was that?"

"In making people happy."

"I don't understand you."

Philip gave a brief outline of what he had done.