as the boat skimmed along over the little waves of the lake.

"Let us know about it," added Fred.

"About what?" asked Tim Bunker, whose modesty in his new position did
not seem to cause him much trouble.

"We are to have a race with the Butterfly, when Tony gets things to his
mind," replied Frank.

"That'll be fun! Are ye going to put up anything?"

"Put up anything?"

"Yes; what's going to be the stakes?"

"I don't know what you mean, Tim."

"When they race horses, each man bets on his own."

"We are not going to bet; that would be contrary to the constitution."

"Would it? I didn't hear nothing about betting."

"Article second says that one of the objects of the association shall be
the acquiring of good habits in general; and I am sure betting is a very
bad habit."

"Well, I s'pose it is."