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company to establish a local exchange for the residences of their village.

      Some were annoyed by this lack of public interest in so convenient a utility as the telephone. The Randolphs would have liked one in their house, and so would the Darings, the Camerons, the Fergusons and a few others; but these were obliged to wait until there was sufficient demand to warrant the establishment of an exchange.

      The telegraph operator of the village was a young fellow who had been a schoolmate of both Phil and Phoebe Daring, although he was some few years their elder. Dave Hunter had gone to St. Louis to study telegraphy and afterward served as an assistant in several cities until he finally managed to secure the position of operator in his home town.

      The Hunters were nice people, but of humble means, and Dave was really the breadwinner for his widowed mother and his sister Lucy, a bright and pretty girl of Phoebe’s age. Encouraged by her brother’s success, Lucy determined to become a telegraph operator herself, as many girls are now doing; but to avoid the expense of going to a school of telegraphy Dave agreed to teach her during his leisure hours. In order to do this he stretched a wire from his office to his home, two blocks away, and placed instruments at either end so that Lucy could practice by telegraphing to her brother and receiving messages in reply.

      She was getting along famously when Phoebe Daring and Nathalie Cameron called on her one day and were delighted by her ability to telegraph to her brother.

      “Why, it’s as good as a telephone, and much more fun,” declared Phoebe, and Nathalie asked:

      “Why couldn’t we have telegraphs in our own houses, and get Dave to teach us how to use them? Then we could talk to one another whenever we pleased – rain or shine.”

      The idea appealed to Phoebe. Lucy telegraphed the suggestion to her brother and he readily agreed to teach the girls if they provided instruments and stretched wires between the various houses. That would be quite an expense, he warned them, and they would have to get permission from the village board to run the wires through the streets.

      Nothing daunted, they immediately set to work to accomplish their novel purpose. Marion Randolph, the eldest of the Randolph children, was home from college at this time and entered heartily into the scheme. They were joined by Janet Ferguson, and the four girls, representing the best families in the village, had no trouble in getting permission to put up the wires, especially when they had the judge to argue their case for them.

      Dave, seeing he could turn an honest penny, undertook to put up the wires, for there was not enough business at the Riverdale telegraph office to demand his entire time and Lucy was now competent to take his place when he was away. He connected the houses of the Darings, the Randolphs, the Camerons and the Fergusons, and then he connected them with his own home. For, as Lucy was the original telegraph girl, it would never do to leave her out of the fun, although she could not be asked to share the expense.

      Lucy seemed a little embarrassed because Dave accepted money for his work and for teaching the four girls how to operate. “You see,” she said one day when they were all assembled in her room, “Dave has lately developed a money-making disposition. You mustn’t breathe it, girls, but I’ve an idea he’s in love!”

      “Oh, Lucy! In love?”

      “He’s been very sweet on Hazel Chandler, the postmaster’s daughter, of late, and I sometimes think they’ve had an understanding and will be married, some day – when they have enough money. Poor Hazel hasn’t anything, you know, for there are so many in the Chandler family that the postmaster’s salary and all they can make out of the little stationery store in the post office is used up in living.”

      “It’s used up mostly by Mrs. Chandler’s social stunts,” declared Nathalie. “She’s proud of being the leader of Riverdale society, and a D. A. R., and several other things. But doesn’t Hazel get anything for tending the shop and handing out the mail when her father is away?”

      “Not a cent. She’s lucky to get her board. And when she’s not in the shop her mother expects her to do housework. Poor thing! It would be a relief to her to marry and have a home of her own. I hope Dave’ll manage it, and I’d love to have Hazel for a sister,” said Lucy. “Mind you, girls, this is a secret; I’m not even positive I’m right in my suspicions; but I wanted to explain why Dave took the money.”

      “He was perfectly right in doing so, under any circumstances,” declared Phoebe, and the others agreed with her.

      Phoebe and Marion learned telegraphy very quickly, developing surprising aptitude; Nathalie Cameron was not far behind them, but Janet Ferguson, a remarkably bright girl in her studies, found the art quite difficult to master and made so many blunders that she added materially to the delight they all found in telegraphing to one another on all possible occasions. When Marion went back to college the other four continued to amuse themselves by gossiping daily over the wire; but gradually, as the novelty of the thing wore away, they became less eager to use their lately acquired powers and so, at the period of this story, the click of an instrument was seldom heard except when there was some question to ask or some real news to communicate. By concerted arrangement they were all alert to a “call” between six and seven in the evening and from eight to nine in the mornings, but their trained ears now recognized the click-click! if they were anywhere within hearing of it.

      Cousin Judith was much amused and interested in this odd diversion of Phoebe’s, and she recognized the educational value of the accomplishment the girl had acquired and generously applauded her success. Indeed, Phoebe was admitted the most skillful operator of them all. But aside from the amusement and instruction it furnished, the little telegraph circuit was of no practical value and could in no way be compared with the utility of the telephone.

      On this evening, after hearing the exciting news of the loss of Mrs. Ritchie’s box, Phoebe went to her room with the idea of telegraphing to Janet and asking about the matter. But as she sat down before the instrument she remembered that the Ferguson household was a sad and anxious one just now and it was scarcely fitting to telegraph to her friend in regard to so personal and important an affair. She decided to run over in the morning for a quiet talk with Janet and meantime to call the other girls and ask them for further news. She got Lucy Hunter first, who said that Dave had come home full of the gossip caused by the missing box, but some one had come for him and he had suddenly gone away without telling the last half of his story.

      Then Phoebe, after a long delay, got Nathalie Cameron on the wire and Nathalie had a lot to tell her. Mr. Cameron was a retired manufacturer who was considered quite wealthy. Several years ago he had discovered Riverdale and brought his family there to live, that he might “round out his life,” as he said, amid quiet and peaceful scenes. He was a director in Spaythe’s bank, as had been Judge Ferguson. Mr. Cameron also owned a large plantation that adjoined the property of Mrs. Ritchie, on the Bayport road. Nathalie told Phoebe that the Cameron box, containing many valuable papers but no money, had also been in the judge’s cupboard, but Mr. Spaythe had reported it safe and untampered with. Nor had any box other than Mrs. Ritchie’s been taken. So far as they knew, the Ritchie box was the only one in Mr. Ferguson’s care that contained money, and it seemed as if the thief, whoever he might be, was aware of this and so refrained from disturbing any of the others. This theory, reported Nathalie, was sure to limit the number of suspects to a possible few and her father was positive that the burglar would soon be caught. Mr. Cameron had been at the bank and witnessed Mrs. Ritchie’s display of anger and indignation when her box could not be found. He had thought Mr. Spaythe rather too cold and unsympathetic, but the banker’s nature was reserved and unemotional.

      “Father says the woman was as good as a vaudeville,” continued Nathalie, clicking out the words, “but not quite so circumspect – so you can imagine the scene! She is said to be rich and prosperous, but was furious over her loss and threatened Mr. Spaythe with so many horrible penalties, unless he restored her property, that he had to take refuge inside the bank and lock the door on her.”

      This was merely such gossip as Phoebe had heard from Don, but it was interesting to have the details from another viewpoint.

      To understand the excitement caused by the disappearance of Mrs. Ritchie’s box it is only necessary to remember that Riverdale

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