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Rh awed by the crowd and pleased with the gentlemanly manner of his prisoner.

Professor Elliott stood awaiting the approaching crowd, staring in a puzzled way at them through his eye glasses. Frank walked straight up to him.

"Professor Eliott," he said, "I have just been arrested by this officer, on the complaint of Gill Mace, I am led to believe."

The academy president stared in astonishment at Frank, and then at Gill, who had kept up with the coterie.

"Yes, I had him arrested," proclaimed Gill.

"Indeed," spoke Mr. Elliott. "Upon what charge, may I ask?"

"He stole a diamond bracelet from my uncle's jewelry store at Tipton," declared Gill.

"There is the bracelet in question, Professor Elliott," said Frank, promptly placing a little parcel done up in tissue paper in the hands of the professor.

"I told you he had it. Didn't I say so?" crowed and chuckled the triumphant Gill.

"However, I didn't steal it," continued Frank. "There is a story I should like to tell you, Professor Elliott. Its telling now may save some trouble later on."

"Yes—yes," nodded Mr. Elliott in a somewhat