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124, since she drew a little too much water to get right up to shore.

The girls cruised about Rainbow Lake, being saluted many times by other craft, the occupants of which seemed to admire Betty's fine boat. In turn she answered with the regulation three blasts of the air whistle. At several private docks, the property of wealthy cottagers, could be seen signs of preparation for the coming water carnival. The boat houses were being decorated, and in some cases elaborate schemes of ornamentation were under way for the boats themselves.

"It looks as though it would be nice," remarked Mollie.

"Yes, I think we shall enjoy it," agreed Betty.

They stopped at one cottage, occupied by a Mrs. Ralston, whom Betty knew slightly. Mrs. Ralston wanted the girls and Aunt Kate to stay to lunch, but they told of their picnic plans. They wanted to inquire about Mr. Stone and Mr. Kennedy, and they were all glad to learn that the two young men were held in the highest esteem, and were given a great deal of credit for their hard work in connection with the lake pageant.

"And to think they could be so unfeeling as