"Well, Peter, what do you think of it?" asked Jerry.

"What is it?" asked Peter innocently. "Is it another dam?"

Jerry threw back his head and laughed and laughed.

Peter looked at him suspiciously. "I don't see anything to laugh at," said he.

"Why, it's a house, you stupid. It's Paddy's new house," replied Jerry, wiping the tears of laughter from his eyes.

"I'm not stupid!" retorted Peter. "How was I to know that that pile of mud and sticks is meant for a house? It certainly doesn't look it. Where is the door?"

"To tell you the truth, I don't think it is much of a house myself," replied Jerry. "It has got a door, all right. In fact, it has got three. You can't see them because they are under water, and there is a passage from each right up through that platform of mud and sticks, which is the foundation of the house. It really is a very fine foundation, Peter; it really is. But what I can't understand is what Paddy is thinking of by building that great pile of mud right in the middle. When he gets his walls built, where will his bedroom be? There won't be any room at all. It won't be a house at all—just a big useless pile of sticks and mud."

Peter scratched his head and then pulled his whiskers thoughtfully as he gazed out at the pile in the water where Paddy the Beaver was at work.

"It does look foolish, that's a fact," said he. "Why don't you point out to him the mistake he is making, Jerry? You have built such a splendid house yourself that you ought to be able to help Paddy and show him his mistakes."

Jerry had smiled a very self-satisfied smile when Peter mentioned his fine house, but he shook his head at the suggestion that he should give Paddy advice.