"I mean maybe he is trainin' elephants to fight in the
war. You know he made an aerial warship, so why couldn't he
have a lot of armor plated elephants?"

"Oh, I suppose he could if he wanted to," admitted Ned.
"But I guess he isn't doing that. Don't get to going too
fast in high speed, Harry, or you may have nightmare. Well,
I'm going down to see Tom."

"And you won't tell him I was peekin'?"

"Not if you don't do it again. I'll advise him to have
that tree cut down, though. It's too good a vantage spot."

Harry turned and went in the direction of his home, while
Ned kept on down the hill toward the house of his chum. The
young bond salesman was thinking of many things as he
tramped, along, and among them was the information Harry had
just given.

But Ned did not pay a visit to his chum that evening. When
he reached the house he found that Tom had gone out, leaving
no word as to when he would be back.

"Oh, well, I can tell him to-morrow," thought Ned.

It was not, however, until two days later that Ned found
the time to visit Tom again. On this occasion, as before, he
took the road through the clump of woods where he had seen