insolence, as well as politeness, turned and went down the
path up which Ned had come.

The young bank clerk waited a little while, and then
turned his attention to the tree which seemed to have
suddenly assumed an importance altogether out of proportion
to its size.

"Well, since I'm here I'll have a look up that tree,"
decided Ned.

Favoring his bruised hand, Ned essayed the ascent of the
tree more successfully this time. As he rose up among the
branches he found he could look down directly into the yard
with the high fence about it. He Could see only a portion,
good as his vantage point was, and that portion had in it a
few workmen--nothing else.

"No elephants there," said Ned, with a smile, as he
remembered Harry's excitement. "Still it's just as well for
Tom to know that his place can be looked down on. I'll go
and tell him."

As Ned descended the tree he caught a glimpse, off to one
side among some bushes, of something moving.

"I wonder if that's my Simp friend, playing I spy?" mused
Ned. "Guess I'd better have a look."

He worked his way carefully close to the spot where he had