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WHAT THE OLD GRADUATE LEARNED

has done something to deserve this honor. By the way, what did you do?"

"Do? I didn't do much of anything. But—er—ah, well I'm considered a mighty nice fellow—you know you said we were too modest."

"Of course you must have been 'a mighty nice fellow,' to receive this honor. I take that for granted. That ought to be a sine qua non. But surely they can't elect all the mighty nice fellows. There aren't enough clubs for that. How did you gain the honor? Why did they single you from among a dozen other just as mighty nice fellows who didn't get in and are left out as much as are the many who were not mighty nice or eligible at all, in fact?"

"Well," said the young man looking modest, "I was considered very desirable. In fact," he said breathing out a lungful of cigarette smoke, "that wasn't the only club that wanted me."

The old graduate looked puzzled. "Oh, I know," he said suddenly, "I had forgotten; when your brother was in college he

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