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Rh Tom, he was very polite, but our hero cared no more for the swarthy man than he had at first.

"He's altogether too nice," decided our hero, though he realized this was nothing against the man. Certainly there seemed to be nothing to point suspicion to him, any more than to Boswell, and the four chums did not dare make an untoward move. It was too risky, Frank said.

As for the Boxer Hall lads, though some might have held a faint thought that their Randall rivals were responsible for the loss of the cup trophies, no one said so in that many words. Still many Randallites felt that a grim suspicion hung over the college, caused by the unfortunate fact that Tom and his chums had been first on the ground when the articles were discovered to be gone from the wrecked boat.

"Hang it all!" exclaimed Tom, as he and his chums were about to separate for the vacation, to meet soon again, "I wish we could get on the trail of that stuff, and the man who took it!"

"So do I!" added Frank. "Well, maybe something will turn up this Summer."

As for Ruth, she had successfully kept her secret with Tom. If her girl friends noticed the absence of her old brooch they said nothing.

Mr. Farson, the jeweler, fretted much over his loss, but it did no good. He even increased the reward, to no more purpose. It all remained a