Smithers, nothing daunted by the surly manner in which he had been addressed, after more or less fumbling, drew from the inside pocket of his coat a crumpled sheet of letter-paper. It bore the college printed address on the top, and was dated December 23.

"Whose writing is that, do you think?" asked Smithers.

'As Gold in the Furnace' — Part 77

"I don't know. Let me look at it. Yes, I do though! It's my cousin's! What does he say?"

'As Gold in the Furnace' — Part 77

He straightened out the creases and read the letter hurriedly.

'As Gold in the Furnace' — Part 77

"Phew! by all that's great, this is a stunner!" said Garrett.

The other two boys exchanged glances of satisfaction. Smithers' eyelids twitched more than ever.

"No matter where it came from," answered Stockley; "it's just what we want to settle this business. It has been hanging fire long enough. It ought to be settled for everybody's sake. I think this will do it."

Garrett did not like his cousin, and hitherto had not been above doing him a bad turn occasionally. He was recognized, more or less, as the mouthpiece of those opposed to Roy. To do Andrew justice it must be admitted that he never quite realized what injury he was doing his cousin. A full realization of the injustice of his course was not to come to him for a long time, but now, since this interview, he was very uneasy. If Henning was determined to act on the offensive, he must prepare to defend himself. Here was a piece of paper, luckily thrown in his way, with which he could divert suspicion from himself should his cousin be goaded into retaliating. He knew enough of Roy's character to realize that he would have his hands full, if that individual decided to take the initiative in the tangle.

But what of the "find" of Smithers? What important piece of information did it contain which was evidently so detrimental to Henning as to draw the sudden exclamation of surprise from Garrett's lips? It was not a complete letter, but merely a first draft. It ran as follows: "My dear friend."

The word "friend" had been marked through and "chum" inserted instead.

"Your letter rec'd last Monday. Sorry to say that ... have no money now ... so can't possibly do the thing you wish ... awfully sorry ... feel like stealing the money rather than letting this thing go undone. However, wait till the end of Christmas week. It won't be too late then. Something's going to happen before that! Then we can go into partnership--at least for the merit of the thing. Keep everything dark. Don't say a single word to anybody about it. Mind now, chum, everything must be kept a secret, or--smash. Yours, Roy H."