s would feel that we had the moral right to
sell out," explained Paul quietly. "You see, although we have built up
the paper it belongs to a certain extent to the school."

"Nonsense!" cut in Mr. Carter impatiently. "That's absurd! The
publication was your idea, wasn't it?"

"Yes, at the beginning it was; but--"

"They wouldn't have had it but for you, would they?"

"I don't know; perhaps not," confessed the boy reluctantly.

"It was your project," insisted Carter.

"Yes."

"Then nobody has any right to claim it."

"Maybe not the right to really claim it. But all of us boys have slaved
together to make it a success. It is as much their work as mine."

"What do they intend to do with it?"

"Pass it on to the school, I suppose. We haven't talked it over, though.
We haven't got that far yet."

"Well, all I can say is that if you handed it over to the school free of
charge you would be darn stupid. Why not make some money out of it?
Offer to sell it to the school if you think you must; but don't give it
away."

Paul shook his head dubiously.

"The school couldn't buy it. They've nothing to buy it with."

"Then you have a perfect right to sell it to somebody else," put in Mr.
Carter quickly. "In the world of business, people cannot expect to get
something for nothing. What you can't pay for you can't have. If the
school has no money--" he broke off with a significant gesture. "Now if
I offered you fellows a lump sum in June--a sum you could divide amongst
you as you saw fit--wouldn't that be a perfectly fair and legitimate
business deal?"

"I--I--" faltered Paul.

"Wouldn't it?" Mr. Carter persisted.

"I suppose so," murmured Paul unwillingly. "Only, you see, I still feel
that the paper should go to the school. I think the other fellows would
feel so too."

Nettled Mr. Carter rose and strode irritably across the room and back.
Then he came to a standstill before Paul's chair and looked down with
steely eyes into the lad's troubled face.

"But you admitted just now that you and the staff had made the paper
what it is, didn't you?"

"Yes."

"Then it belongs to you, doesn't it?"

"In a certain sense; yes."

"Now see here, Paul," began Mr. Carter. "You are the editor-in-chief of
that magazine, and the head of the bunch. What you say would go with
them--or it ought to. You could make them think about what you pleased.
Why don't you put it up to your staff to sell the paper to me and pocket
the proc