"I suppose if there is no owner found for the watch it will go to
you, Jack?" Dick continued.

"I am sure I don't want it, Dick. It is not a boy's watch, and it
is altogether too expensive a thing for me to carry. The rest of my
things don't match it at all."

"You could sell it, I suppose? Or you might make a present of it to
Miss Margaret. You said she was greatly taken with it."

"Yes, she was, but what business have I got making costly presents
to a girl that I never saw before last night? Be sensible, Jack."

"But I'm sure you are as good as she is, Jack."

"Maybe, but look at the difference in fortune. And, as I said
before, what business have I making presents, costly or otherwise,
to people I have just met? It would be a piece of impertinence."

"You must not take me too seriously, Jack," laughed Dick.

That afternoon the boys went up the river in Jack's boat, and Jack
inserted an advertisement in the News, which appeared the next morning.

The advertisement was simply to the effect that a watch had been found,
and could be had upon proving property, and paying for the
advertisement, no description being given.

About the middle of the forenoon the next day a crafty-looking man came