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Rh to the president. I suppose you know we won the boat-race by almost three lengths. That makes up for losing the ball-game. We missed you on the team this year. They’ve elected Sid Welch captain for next year. Sid’s so pleased he can’t see straight. To-day was Class-Day and we had a fine time. You ought to have heard me orate. How’s old Roy? He owes me a letter, the scoundrel. Write as soon as you can to the Waldorf. I’ll be there to-morrow evening. Tell Roy to come and see me as soon as he gets home. You, too, if you stop over there. I’ve got lots of news for you that I can tell better than I can write. Hope you fellows win your game to-morrow. They’d ought to have taken you on, Chub. But next year, when I get there, I’ll fix that for you. So long. Don’t forget to let me know whether we can have the house-boat. Yours, Dick.’”

“Good old Dickums,” murmured Chub as he folded the letter. “Well, it’s all settled,” he went on animatedly. “We’ll take the midnight train to-morrow, Roy; see Mr. Cole; look up Dick, and get ready for the cruise! Won’t we have fun, though?”