“He has a right to bail,” said the deputy. “Judge Klein is sitting at the court house now. I can take him before him.”

“Then we’ll go at once,” said Mr. Plum.

A little later they were before the bar of justice—Mr. Newton a little pale, but standing firm and upright. Ned flushed and indignant, with many a vindictive look at the manager of the investment company. Tom was clutching the bundle of notes in his pocket. The lawyer seemed to take it all as a matter of course.

“What is this case?” asked the old and learned judge, and when it had been explained and when he had read the accusation in the warrant, he said:

“I take it that you do not wish to plead now.”

“Yes, your honor, we do!” interposed Mr. Plum. “I wish to enter a plea of not guilty for my client. We waive arraignment now, and ask that he be admitted to bail, which we are prepared to furnish in any amount.”

“Um,” murmured the court. “I see he is accused of taking bonds to the value of thirty-three thousand dollars. I believe I must fix bail at ten thousand dollars.”

There was a gasp from Ned. Mr. Newton seemed to turn a trifle paler. Tom whispered hoarsely to his chum:

“Great bean pots! I brought only five thousand dollars with me!”

CHAPTER V
IVAN BARSKY