'It came right out of the chest,' he said, as if to excuse his alarm.

'It could not!' said Pelham, bluntly. 'I was looking in the chest when Nannie shrieked, and there was nothing in it—that I know! I saw no rat anywhere.'

'But I saw it!' said George. 'Look! look!' he shouted, excitedly. 'There it goes! Just by your foot! You may depend upon it this box has a false bottom. Let us turn it over and see.'

'I believe you are right, George!' said Pelham. 'Hold the candle, Nan, and we will see where this rat came from.'

The chest, empty as it appeared to be, was yet so heavy that it was with difficulty that the two boys could turn it over, but they did it at last, and now there was no doubt where the rat had come from, for the floor was strewn with little bits of nibbled paper, and there was a biggish hole in the false bottom by which he had evidently gnawed his way into the chest.

'Now, then, the fun is beginning!' exclaimed Pelham, excitedly, 'We must get inside this false bottom; it is full of old letters. I can see that much! Perhaps we shall find a love-letter of William the Conqueror to Joan of Arc!'

'Oh, no, you will not!' said Nannie, wisely, 'for Joan of Arc lived many reigns after William I. I read about her only last week.'

But neither Pelham nor George heeded Nannie's superior information, so busy were they prizing off the somewhat thin layer of wood which formed the false bottom of the chest.

It gave way at last, and disclosed a whole heap of letters, some nibbled into mere powder by the busy rat and some still uninjured, and on the top of all a yellow parchment folio bearing in large letters the words, 'Will of George Pelham, Esquire, of Vale Place, Surrey.'

Pelham got very red as he exclaimed, excitedly, 'Surely this is the lost will!'