question for them very satisfactorily. It was Saturday afternoon, just a week after the finding of Miss Arbuckle’s album, and the girls, Laura, Billie, Vi and Connie, were wandering arm in arm about the beautiful campus of Three Towers Hall when a familiar hail came to them from the direction of the road. “It’s Chet,” said Billie. “No, it isn’t—it’s Teddy,” contradicted Laura. “It’s both of ’em,” added Vi. “No, you are both wrong,” said Connie, gazing eagerly through the trees. “Here they come, girls. Look, there are four of them.” “Yes, there are four of them,” mocked Laura, mischievous eyes on Connie’s reddening face. “The third is Ferd Stowing, of course. And I wonder, oh, I wonder, who the fourth can be!” “Don’t be so silly! I think you’re horrid!” cried Connie, which only made Laura chuckle the more. For while they had been at the Academy, the boys had made a friend. His name was Paul Martinson, and he was tall and strongly built and—yes, even Billie had to admit it—almost as good looking as Teddy! If Billie said that about any one it was pretty sure to be true. For Billie and Teddy Jordon had been chums and playmates since they could remember, and Billie had always been sure that Teddy must be the very best looking boy in the world, not even excepting her brother Chet, of whom she was very fond. But Billie was not the only one who had found Paul Martinson good looking. Connie had liked him, and had said innocently one day after the boys had gone that Paul Martinson looked like the hero in a story book she was reading. The girls had giggled, and since then Laura had made poor Connie’s life miserable—or so Connie declared. She could not have forgotten Paul Martinson, even if she had wanted to. As for Paul Martinson, he had shown a liking for Billie that somehow made Teddy uncomfortable. Teddy was very much surprised to find how uncomfortable it did make him. Billie was a “good little chum and all that, but that didn’t say that another fellow couldn’t speak to her.” But just the same he had acted so queerly two or three times lately that Billie had