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118 he added that I could go off for the rest of the day and enjoy myself, and here I am."

"And you didn't squeal on Koswell & Company?" asked Sam.

"Nary a squeal."

"Do you imagine they confessed?"

"I think they told the president over the 'phone that I was innocent, maybe the three swore to it, but I don't think they gave their names."

"What did they mean about Sharp's room?"

"I was curious about that, and I found out from one of the servants. Sharp found an envelope under the door. It contained a five-dollar bill, and on it was written in a scrawl, 'For a new photograph.

"Koswell & Company got scared mightily," mused Dick. "Well, I am glad, Tom, that you are out of it."

"And as a token of your escape we'll present you with this," added Sam, and brought forth the package from Dan Baxter. Tom was much surprised, and listened to the story about the former bully of Putnam Hall with interest.

"Good for Dan!" he cried. "I'll write him a letter the first chance I get."

"And here's a letter from Nellie," said Dick,