During the month of May, the members of the two clubs continued to spend many of their leisure hours on the lake; but my young friends must not suppose that life was to them a continuous holiday; and, because these books are devoted chiefly to their doings on the water, that boating was the only, or the principal business that occupied them. They had their school duties to perform, their errands to do, wood to split, yards to sweep; in short, they had to do just like other boys. A portion of Wednesday and Saturday afternoon, and of their other holidays, was given to these aquatic sports; so that they were really on the lake but a small part of the time. Probably, if they had spent all their leisure in the boats, the exercise would have lost its attractions, besides interfering very much with their home and school affairs. Pleasures, to be enjoyed, should be partaken of in moderation. Boys get sick of most sports in a short time, because they indulge in them too freely.

Nothing specially worthy of note occurred in either club till near the end of the month of May. The intimacy between Charles Hardy and Tim Bunker was observed to increase, though no one had any suspicion of the secret which had cemented the bond of their union.

The lost purse was the property of Mr. Walker. At a subsequent visit to Rippleton, he had mentioned his loss, but he had no idea where he had dropped it. Tim congratulated his still unwilling confederate on the success of his villainy. Mr. Walker did not even know whether he had lost his money in the town or not; so, of course, he had no suspicion of them.

"You are a first-rate fellow, Charley, but you are too chickenish by half," said Tim Bunker.

"I don't feel right about it, and I wish I had given up the purse when I found it."

"Pooh!"

"I meant to do so."

"I know you did. You were just fool enough to do such a thing. If it hadn't been for me, you would have done it."

"O, I wish I had!"

"Don't be a fool, Charley."

"I would give the world to feel as I felt before I did this thing."

"Don't think any more about it."

"I can't help thinking. It worries me nights."

"Go to sleep then."

"I can't. What would Frank say if he knew it?"

"Humph! Frank again!"

"They would turn me out of the club."

"You are no worse than any of the rest of them."

"They wouldn't steal," replied Charles, warmly.

"Don't you believe it. If I should tell all I know about some of them, they wouldn't be safe where they are, let me tell you."

"What do you know, Tim?"

"I don't choose to tell."

Charles found some satisfaction in this indefinite accusation; but it was not enough to quiet his troubled conscience. Life seemed different to him since he had stolen the purse—he had not got far enough in wickedness yet to believe that it was not stolen. He felt guilty, and his sense of guilt followed him wherever he went. He could not shake it off. Everybody seemed to look reproachfully at him. He avoided his companions in the club when not on duty with them. He began to hate Frank Sedley, though he could not tell the reason. William Bright, who was now the coxswain, Frank's term having expired, was a very strict disciplinarian, and the guilty boy had grown very impatient of restraint. He was surly and ill-natured when the coxswain rebuked him, even in the kindest tones. Everything went wrong with him, for the worm was gnawing at his heart.

"Won't you tell me, Tim?" asked he, in reply to Tim's remark.

"Not now, Charley; one of these days you shall know all about it."

"I am afraid we shall both get turned out of the club."

"No we shan't; if we do—— But no matter.'

"What would you do, Tim?"

"Never mind now, Charley. I have a plan in my head. Captain Sedley told me the other day if I didn't behave better I should be turned out."

"Then you will be."

"I don't care if I am. If they turn me out, they will make a mistake; that's all."

There was something mysterious in the words of the Bunker which excited the curiosity of Charles. He could not help wondering what he would do. Tim had so much resolution he was sure it was not an idle boast.

"I know what I am about," continued Tim, with a wise look.

"Captain Sedley says you still associate with your old companions," added Charles.

"What if I do?"

"That would be ground enough for turning you out."

"Would it? They are better fellows than you long faces, and you will say so when you know them," replied Tim, speaking as though it were a settled fact that he would know them by and by.

This conversation occurred one Wednesday afternoon, as the two boys were on their way to the boat-house. On their arrival, Tim was informed by Captain Sedley, who was apparently there for that purpose, that he was expelled from the club. It was sudden and unexpected, and had been done by the director without any action on the part of the club.

"What for?" asked Tim, in surly tones.

"I find that you still associate with your old companions, which is sufficient proof that you don't mean to reform," answered the director.

"I don't care," growled Tim, as he turned on his heel and walked out of the hall.

Charles Hardy was then called aside by Captain Sedley, who kindly pointed out to him the danger he incurred in associating with such a boy as Tim.

"I would not have kept company with him if he had not been a member of the club,"............