distance from Andy, and had
stood with arms linked. Now they were ready to proceed. On the various
walks, that traversed the big campus in the quadrangle of Yale, other
students were hurrying to and fro, some going to their rooms, others
coming from them. Some were going towards their eating clubs or to the
University dining hall. And Andy was feeling hungry.

"Well, come on," urged Mortimer to his companions. "I guess we've
started this freshman on the right road. Just see that you follow it,
Blair. I'll be watching you."

"And I'll be watching you!" thought Andy. And at that moment he was
gazing intently at Gaffington. As he looked, Andy saw something fall
from below the flap of the coat of one of the trio, and land softly on
the pavement. It fell limp, making no noise.

One of Mortimer's companions, who, Andy afterward learned, was Leonard,
or "Len," Scott, reached his hand into his pocket, and brought it out
with a strange look on his face.

"Hello!" he exclaimed, blankly, "my wallet's gone!"

"Gone!" exclaimed the other, Clarence Boyle by name. "Are you sure you
had it?"

"I sure did!" said Len, feeling in various pockets. "Just cashed a
check, too!"

"Come on back to your room and have a look for it," suggested Mortimer
pulling his chum half-way around. "If it's gone I can lend you some. I'm
flush to-night."

"But I'm sure I had it," went on Len. "I remember feeling it just as we
came out of Lawrance. I had about fifty dollars in it!"

"Whew!" whistled Mortimer. "Some little millionaire, you are, Len. Never
mind, I can let you have twenty-five if you need it." Andy knew that
Mortimer's father was reputed to be several times a millionaire.

"But I don't like to lose that," went on Len. "I guess I will go back
and have a look in my shack. If I can't find it I'll stick up a notice."

"You might have dropped it when we met that other bunch of freshmen and
had the little argument with them about their hats," suggested Clarence.

"That's right," went on Mortimer, still pulling on Len's arm, as though
to get him away from the spot. "Maybe one of the freshmen frisked it off
you," he added, looking at Andy.

By this time the trio had turned half-way around, evidently to go back
to Scott's room and look for the missing pocketbook. Andy had a clear
view of the object that had fallen from under the coat of one of them.

"There is something," the freshman said, pointing to the object on the
pavement. "I saw on