foolishly extravagant."

"Well, perhaps I am."

"You are spending three times as much as I am."

"I'll do better next term. I wish my guardian would hurry along that
check."

Two days later a letter came for Walter in the familiar handwriting of
Doctor Mack. He tore it open hastily, and as he read it he turned pale
and sank into a chair.

"What's the matter?" asked Gates.

"Matter enough!" answered Walter, in a hollow voice. "My money is
lost, and I've got to leave college!"




CHAPTER V

WALTER TAKES MATTERS PHILOSOPHICALLY


Walter's announcement, recorded at the close of the preceding chapter,
fell like a thunderbolt on his room-mate.

"You have lost your money?" repeated Gates, in a tone of incredulity.