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TOM SWIFT AND HIS PHOTO TELEPHONE

But though Mr. Peters, in his powerful motor boat, passed close to Tom's more modest craft, the big man did not glance toward our hero and his chum. Nor did Mr. Boylan, who was with his friend, look over.

"I guess they've had enough of you," chuckled Ned.

"Probably he wishes he hadn't paid me that money," said Tom. "Very likely he thought, after he handed it over, that I'd be only too willing to let him manage one of my inventions. But he has another guess coming."

Tom and Ned rode on for some distance, thoroughly enjoying the spin on the lake that fine Summer day. They stopped for lunch at a picnic resort, and coming back in the cool of the evening they found themselves in the midst a little flotilla of pleasure craft, all decorated with Japanese lanterns.

"Better slow down a bit," Ned advised Tom, for many of the pleasure craft were canoes and light row boats. "Our wash may upset some of them."

"Guess you're right, old man," agreed Tom, as he closed the gasoline throttle, to reduce speed. Hardly had he done so than there broke in upon the merry shouts and singing of the pleasure-seekers the staccato exhaust of a powerful motor boat, coming directly behind Tom's craft.