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The Ragged Trousered Philanthropists was collected and given to Philpot, who was to bring back a gallon of beer in a jar. He promised to get back as soon as ever he could, and some of the shareholders decided not to drink any tea with their dinners, but to wait for the beer, although they knew that it would be nearly time to resume work before he could get back. It would be a quarter to one at the very earliest.

The minutes dragged slowly by, and after a while the only man on the job who had a watch began to lose his temper and refused to answer any more enquiries concerning the time. So presently Bert was sent up to the top of the house to look at a church clock which was visible therefrom, and when he came down he reported that it was ten minutes to one.

Symptoms of anxiety now began to manifest themselves amongst the shareholders, several of whom went down to the main road to see if Philpot was yet in sight, but each returned with the same report—they could see nothing of him.

No one was formally 'in charge' of the job during Grass's absence, but they all returned to their work promptly at one because they feared that Sawkins or some other sneak might report any irregularity to Crass or Misery.

At a quarter past one Philpot was still missing and the uneasiness of the shareholders began to develop into a panic. Some of them plainly expressed the opinion that he had gone on the razzle with the money. As the time wore on this became the general opinion. At two o'clock, all hope of his return having been abandoned, two or three of the shareholders went and drank some of the cold tea.

Their fears were only too well founded, for they saw no mere of Philpot till the next morning, when he arrived looking very sheepish and repentant and promised to refund all the money on Saturday. He also made a long rambling statement from which it appeared that on his way to the 'Cricketers' he met a couple of chaps whom he knew who were out of work, and he invited them to come and have a drink. When they got to the pub they found there the Semi-Drunk and the Besotted Wretch. One drink led to another, and then they started arguing, and he had forgotten all about the gallon of beer until he woke up this morning.

Whilst Philpot was making this explanation they were putting on their aprons and blouses and Crass was serving 212