tives of the man who had guarded the
treasure till his death. That treasure had been turned over to Frank.

Frank had brought his play to New Haven, and his old college friends had
given him a rousing welcome. And now he had made plans to return to
college in the fall, while his play was to be carried on the road by a
well-known and experienced theatrical manager.

The friends who had been with Frank when he discovered the treasure,
with the exception of Toots, the colored boy, had refused to accept
shares of the fortune. Then Merry had insisted on taking them abroad
with him, and here they were on the steamer "Eagle," bound for
Liverpool.

Toots, dressed like a "swell," was on the pier. He shouted with the
others, waving his silk hat.

The crowd was cheering now:

"Beka Co ax Co ax Co ax!
Breka Co ax Co ax Co ax!
O-----up! O-----up!
Parabolou!
Yale! Yale! Yale!
'Rah! 'rah! 'rah!
Yale!"

CHAPTER II.

SURPRISING THE FRENCHMAN.

"Bah! Ze American boy, he make me--what you call eet?--vera tired!"

Frank turned quickly and saw the speaker standing near the rail not far
away. He was a man between thirty-five and forty years of age, dressed
in a traveling suit, and having a pointed black beard. He was smoking.

An instant feeling of aversion swept over Merry. He saw the person was a
supercilious Frenchman, critical, sneering, insolent, a man intolerant
with everything not of France and the French.

This man was speaking to another person, who seemed to be a servant or
valet, and who was very polite and fawning in all his retorts.

"Ah! look at ze collectshung on ze pier," continued the sneering
speaker. "Someone say zey belong to ze great American college. Zey act
like zey belong to ze--ze--what you call eet?--ze menageray. Zey yell,
shout, jump--act like ze lunatic."

"It is possible, monsieur," said Frank, with a grim smile, "that they
are copying their manners after Frenchmen at a Dreyfus demonstration."

The foreigner turned haughtily and stared at Frank. Then he shrugged his
shoulders, turned away and observed to his companion:

"Jes' like all ze Americans--ah!--what eez ze word?--fresh."

The other man bowed and rubbed his hands together.

"Haw!" grunted Browning, lazily. "How do you like that, Frank?"

"Oh, I don't mind it," murmured Merry. "I consider the source from which
it came, and regard it as of no consequence."

Diamond was glar