"Well," said Penrod, "we might get more and we might get less." This time, however, he felt the need of adding something. He put a question in an indulgent tone, as though he were inquiring, not to add to his own information but to discover the extent of Sam's. "How much do you think horses are worth, anyway?"

"I don't know," said Sam frankly, and, unconsciously, he added, "They might be more and they might be less."

"Well, when our ole horse died," said Penrod, "papa said he wouldn't taken five hundred dollars for him. That's how much horses are worth!"

"My gracious!" Sam exclaimed. Then he had a practical afterthought. "But maybe he was a better horse than this'n. What color was he?"

"He was bay. Looky here, Sam"—and now Penrod's manner changed from the superior to the eager—"you look what kind of horses they have in a circus, and you bet a circus has the best horses, don't it? Well, what kind of horses do they have in a circus? They have some black and white ones, but the best they have are white all over. Well, what kind of a horse is this we got here? He's perty near white right now, and I bet if we washed him off and got him fixed up nice he would be white. Well, a bay horse is worth five hundred dollars, because that's what papa said, and this horse——"

Sam interrupted rather timidly.

"He—he's awful bony, Penrod. You don't guess that'd make any——"

Penrod laughed contemptuously.

"Bony! All he needs is a little food and he'll fill right up and look good as ever. You don't know much about horses, Sam, I expect. Why, our ole horse——"

"Do you expect he's hungry now?" asked Sam, staring at Whitey.