All the little people who live on the Green Meadows and in the Smiling Pool and along the Laughing Brook were to have a holiday. The Merry Little Breezes of Old Mother West Wind had been very busy, oh very busy indeed, in sending word to all the little meadow folks. You see, Peter Rabbit had been boasting of how fast he could run. Reddy Fox was quite sure that he could run faster than Peter Rabbit. Billy Mink, who can move so quickly you hardly can see him, was quite sure that neither Peter Rabbit nor Reddy Fox could run as fast as he. They all met one day beside the Smiling Pool and agreed that old Grandfather Frog should decide who was the swiftest.  
Now Grandfather Frog was accounted very wise. You see he had lived a long time, oh, very much longer than any of the others, and therefore, because of the wisdom of age, Grandfather Frog was always called on to decide all disputes. He sat on his green lily-pad while Billy Mink sat on the Big Rock, and Peter Rabbit and Reddy Fox sat on the bank. Each in turn told why he thought he was the fastest. Old Grandfather Frog listened and listened and said never a word until they were all through. When they had finished, he stopped to catch a foolish green fly and then he said: “The best way to decide who is the swiftest is to have a race.”
 
So it was agreed that Peter Rabbit and Reddy Fox and Billy Mink should start together from the old butternut tree on one edge of the Green Meadows, race away across the Green Meadows to the little hill on the other side and each bring back a nut from the big hickory which grew there. The one who first reached the old butternut tree with a hickory nut would be declared the winner. The Merry Little Breezes flew about over the Green Meadows telling everyone about the race and everyone planned to be there.
 
It was a beautiful summer day. Mr. Sun smiled and smiled, and the more he smiled the warmer it grew. Everyone was there to see the race—Striped Chipmunk, Happy Jack Squirrel, Sammy Jay, Blacky the Crow, Hooty the Owl and Bobby Coon all sat up in the old butternut tree where it was cool and shady. Johnny Chuck, Jerry Muskrat, Jimmy Skunk, Little Joe Otter, Grandfather Frog and even old Mr. Toad, were there. Last of all came Spotty the Turtle. Now Spotty the Turtle is a very slow walker, and he cannot run at all. When Peter Rabbit saw him coming up towards the old butternut tree he shouted: “Come, Spotty, don't you want to race with us?”
 
Everybody laughed because you know Spotty is so very, very slow but Spotty didn't laugh and he didn't get cross because everyone else laughed.
 
“There is a wise old saying, Peter Rabbit,” said Spotty the Turtle, “which shows that those who run fastest do not always reach a place first. I think I WILL enter this race.”
 
Every one thought that that was the best joke they had heard for a long time, and all laughed harder than ever. They all agreed that Spotty the Turtle should start in the race too.
 
So they all stood in a row, Peter Rabbit first, the Billy Mink, then Reddy Fox, and right side of Reddy Fox Spotty the Turtle.
 
“Are you ready?” asked Grandfather Frog. “Go!”
 
Away went Peter Rabbit with great big jumps. After him went Billy Mink so fast that was just a little brown streak going through the tall grass, and side by side with him ran Reddy Fox. Now just as they started Spotty the Turtle reached up and grabbed the long hair on the end of Reddy's big tail. Of course Reddy couldn't have stopped to shake him off, because Peter Rabbit and Billy Mink were running so fast that he had to run his very best to keep up with them. But he didn't even know that Spotty the Turtle was there. You see Spotty is not very heavy and Reddy Fox was so excited that he did not notice that his big tail was heavier than usual.
 
The Merry Little Breezes flew along, too, to see that the race was fair. Peter Rabbit went with great big jumps. Whenever he came to a little bush he jumped right over it, for Peter Rabbit's legs are long and meant for jumping. Billy Mink is so slim that he slipped between the bushes and through the long grass like a little brown streak. Reddy Fox, who is bigger than either Peter Rabbit or Billy Mink, had no trouble in keeping up with them. Not one of them noticed that Spotty the Turtle was hanging fast to the end of Reddy's tail.
 
Now just at the foot of the little hill on which the big hickory tree grew was a little pond. It wasn't very wide but it was quite long. Billy Mink remembered this pond and he chuckled to himself as he raced along, for he knew that Peter Rabbit couldn't swim and he knew that Reddy Fox does not like the water, so therefore both would have to run around it. He himself can swim even faster than he can run. The more he thought of this, the more foolish it seemed that he should hurry so on such a warm day. “For,” said Billy Mink to himself, “even if they reach the pond first, they will have to run around it, while I can swim across it and cool off while I am swimming. I will surely get there first.” So Billy Mink ran slower and slower, and pretty soon he had dropped behind.
 
Mr. Sun, roun............