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Tim Reardon doubled up with mirth, and rolled over on the grass.

      "Looks just like the elephant at the circus," he cried.

      "Sh-h-h, he'll hear you," whispered Bess Thornton.

      Colonel Witham was certainly doing himself proud. A new thrill of life went through him. He thought of those races and the medals. It was an unfortunate recollection, for it instilled new ambitions within him. He had ridden up the road a few rods, had made a wide turn and started back; and now, as he neared the hotel once more, his evil genius inspired him to show the two how nicely he could make a shorter turn.

      He did it a little too quickly; the wheel lurched, and Colonel Witham felt he was falling. He twisted in the saddle, gave another sharp yank upon the handle-bars – and lost control of the wheel. A most unfortunate moment for such a mishap; for now, as the wheel righted, it swerved to one side and, with increased speed, ran upon the board walk that led down to the boat-landing.

      The walk descended at quite a decided incline to the water's edge. It was raised on posts above the level of the ground, so that a fall from it would mean serious injury. There was naught for the luckless colonel to do but sit, helpless, in the saddle and let the wheel take its course.

      Helpless, but not silent. Beholding the fate that was inevitable, the colonel gave utterance to a wild roar of despair, which, together with the rumbling of the wheels above his head, drove forth his dog from his hiding-place. Cæsar, espying this new and extraordinary object rattling down the board walk, and mindful of the agonizing shrieks of his master, himself pursued the flying wheel, yelping and barking and adding his voice to that of Colonel Witham.

      There was no escape. The heavy wheel, bearing its ponderous weight of misery, and pursued to the very edge of the float by the dog, plunged off into the water with a mighty splash. Colonel Witham, clinging in desperation to the handle bars, sank with the wheel in some seven feet of water. Then, amid a whirl and bubbling of the water like a boiling spring, the colonel's head appeared once more above the surface. Choking and sputtering, he cried for help.

      "Help! help!" he roared. "I'm drowning. I can't swim."

      "No, but you'll float," bawled Little Tim, who was darting into the shed for a rope.

      Indeed, as the colonel soon discovered, now that he was once more at the surface, it seemed really impossible for him to sink. He turned on his back and floated like a whale.

      And at this moment, most opportunely, there appeared up the road the line of bicyclists returning.

      They were down at the shore shortly – Tom Harris, Bob White, George, Arthur and Joe Warren – just as Little Tim emerged from the shed, with an armful of rope.

      "Here, you catch hold," he said, "while I make fast to the colonel." The next moment, he was overboard, swimming alongside Colonel Witham.

      "Look out he don't grab you and drown you both," called George Warren.

      Little Tim was too much of a fish in the water to be caught that way. The most available part of Colonel Witham to make fast to, as he floated at length, was his nearest foot. Tim Reardon threw a loop about that foot, then the other; and the boys ashore hauled lustily.

      The colonel, more than ever resembling a whale – but a live one, inasmuch as he continued to bellow helplessly – came slowly in, and stranded on the shore. They drew him well in with a final tug.

      "Here, quit that," he gurgled. "Want to drag me down the road?" The colonel struggled to his feet, his face purple with anger.

      "Now get out of here, all of you!" he roared. "There's always trouble when you're around. Tim Reardon, you keep away from here, do you understand?"

      "Yes sir," replied Tim Reardon, wringing his own wet clothes; and then added, with a twinkle in his eyes, "but ain't you going to show us those medals, Colonel Witham?"

      It was lucky for Tim Reardon that he was fleet of foot. The colonel made a rush at him, but Tim was off down the road, leaping into the saddle of his mended wheel, followed by the others.

      "Don't you want us to raise the velocipede, so you can ride some more?" called young Joe Warren, as he mounted his own wheel.

      The colonel's only answer was a wrathful shake of his fist.

      "Colonel Witham," said Grannie Thornton, as her employer entered the hotel, a few minutes later, "here's a note for you, from Mr. Ellison. Guess he wants to see you about something."

      "Hm!" exclaimed the colonel, opening the note, and dampening it much in doing so, "Jim Ellison, eh? More of his queer business doings, I reckon. He's a smart one, he is," he added musingly, as he waddled away to his bed-room to change his dripping garments; then, spying his own face in the mirror: 'What's the matter with you, Daniel Witham? Aren't you smart, too? In all these dealings, isn't there something to be made?'

      Colonel Witham, rearraying his figure in a dry suit of clothing, was to be seen, a little later, on the road to the mill, walking slowly, and thinking deeply as he went along. He was so engrossed in his reflections that he failed to notice the approach of a carriage until it was close upon him. He looked up in surprise as a pleasant, gentle voice accosted him.

      "Good afternoon, Colonel Witham," it said.

      The speaker was a middle-aged, sweet faced woman – the same that had appeased the wrath of her husband against Bess Thornton. She leaned out of the carriage now and greeted Colonel Witham with cordiality.

      "Oh, how-dye-do," replied Colonel Witham abruptly, and returning her smile with a frown. He passed along without further notice of her greeting, and she started up the horse she had reined in, and drove away.

      Only once did Colonel Witham turn his head and gaze back at the disappearing carriage. Then he glowered angrily.

      "I don't want your smiles and fine words," he muttered. "You were too good for me once. Just keep your fine words to yourself. I don't want 'em now."

      Colonel Witham, in no agreeable mood, went on and entered at the office door of the mill. A tall, sharp-faced man, seated on a stool at a high desk, looked up at his entrance. One might see at a glance that here was a man who looked upon the world with a calculating eye. No fat and genial miller was James Ellison. No grist that came from his mill was likely to be ground finer than a business scheme put before him. He eyed Colonel Witham sharply.

      "Aha, Colonel," he exclaimed, in a slightly sneering tone, "bright and cheery as ever, I see. I thought I'd like to have you drop in and scatter a little sunshine. Sit down. Have a pipe?"

      Colonel Witham, accepting the proffered clay and and the essentials for loading it, sat back in a chair, and puffed away solemnly, without deigning to answer the other's bantering.

      James Ellison continued figuring at his desk.

      "Well," said Colonel Witham after some ten minutes had passed, "Suppose you didn't get me down here just to smoke. What d'ye want?"

      "Oh, I'm coming to that right away," replied Ellison, still writing. "You know what I want, I guess." He turned abruptly in his seat, and his keen face shaded with anger. He pointed a long lean finger in the direction of the town of Benton. "You know 'em, Dan Witham," he said, "as well as I do. Though you didn't get skinned as I did. You didn't go down to town, as I did twenty odd years ago, with eight thousand dollars, and come back cleaned out. You didn't invest in mines and things they said were good as gold, and have 'em turn out rubbish. You didn't lose a fortune and have to start all over again. But you know em, eh?"

      Colonel Witham nodded assent, and added mentally, "Yes, and I know you, too. Benton don't have the only sharp folks."

      "And now," added James Ellison, "when I've got some of it back by hard work, you know how I keep it from them, and from others, too. Well, here's some more of the papers. The mill and a good part of the farm and some more land 'round here go to you this time. All right, eh? You get your pay on commission. Here's the deeds conveying it all to you – for valuable consideration – valuable consideration, see?"

      The miller gave a prodigious wink at his visitor, and laughed.

      "You don't mind being thought pretty comfortably fixed, eh – all

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