"Did you see that?" asked Billy in great glee when Jack came ashore."We won't hear any more boasting from that quarter I guess."

"We didn't have enough gasolene to go rapid," growled Herring, whomcame up at that moment. "We got out without knowing it. We'llrace you for ten dollars to-morrow."

"0h, we are satisfied," chuckled Billy, while Percival lookedsignificantly at Jack, and said:

"What did I tell you, Jack? A poor excuse is better than none."

Jack exclaimed nothing, and he and Percival went off into the woods.

Within a short time of the supper hour when the boys returned theywere told by Bucephalus that the doctor wished to look at them, andthey went at once to the cottage where they found a well-dressedstranger talking with the principal.

"This is the youthful gentleman who found the watch," said Dr. Wise."Will you describe it to him?"