Then Fred's eye roved toward the pile of stuff on which no one had bid. 
"There's a good saddle," suggested Ripley. "The real western kind," 
nodded the auctioneer. 
It looked the part. 
"I'll give you two dollars for the saddle," Fred offered. 
"You'll pay ten if you get that saddle," replied the red-faced auctioneer. 
"Put it up and let us see how the bids will run," proposed Ripley. 
"The sale is closed. Anything that is sold now will go at private sale," 
retorted the auctioneer. 
"Oh, come now!" protested Ripley. "I'd like to trade with you." 
"You can, if you produce the price. At least, your friend can. I can't 
deal with you, for you're a minor." 
Fred tried vainly to persuade the auctioneer to lower the price of the 
saddle, but finally concluded to pay ten dollars for it and two dollars for 
a bridle. A worn saddle cloth was "thrown in" for good measure. Ripley 
handed the money to the auctioneer's clerk. 
"Saddle up," directed Fred, tossing a quarter to the man who held the 
pony's bridle. 
Though flushed with his bargain, Fred was also feeling rather solemn. 
He had parted with nearly all of the sixty dollars his father had handed 
him that morning as his summer's spending money. He was beginning
to wonder if his pony would really take the place of all the fun he had 
planned for his summer vacation. 
"Here is your mount, sir," called the man who had done the saddling. 
"Now, let's see what kind of a horseman you are." 
"As good as you'll find around Gridley," declared Fred complacently. 
Putting a foot into the left stirrup, he vaulted lightly to the animal's 
back. 
"He has a treasure, and we're stung," muttered Dave Darrin in a low 
voice. "Those that have plenty of money and can afford to lose don't 
often lose!" 
Before starting off Fred, glancing over at Dick & Co. standing 
dolefully on the truck, brayed insolently: 
"Haw, haw, haw!" 
Dave clenched his fists, but knew that he could do nothing without 
making himself ridiculous. 
"Get up, Prince!" ordered young Ripley, bringing one hand smartly 
against the animal's flank. 
"He's going to call his pony 'Prince,'" whispered Danny Grin. 
"It looks like an appropriate name," nodded Dick wistfully. 
For some reason the pony didn't seem inclined to start. Fred dug his 
heels against the animal's side and moved away at a walk. 
"A-a-a-ah!" murmured a crowd of small boys enviously. 
"Now, show a little speed, Prince," ordered Fred, digging his heels in 
hard. 
The pony broke into a trot. Someone passed Ripley a switch, with
which he dealt his animal a stinging blow. Away went pony and rider at 
a slow canter. 
"Fine gait this little fellow has," exulted Fred, while cheers went up 
from the small boys. 
Suddenly the animal slowed down to a walk. Fred applied two sharp 
cuts with the switch, again starting his mount. Fred turned and came 
cantering back toward the group, feeling mightily proud of himself. 
Suddenly the pony stopped, trembling in every limb. 
"Get off, young man!" called someone. "Your pony is going to fall!" 
Fred got off, feeling rather peculiar. He wished that the six fellow high 
school boys over on the truck would move off. 
Mr. Dodge hurried over to the young man, looking very much 
concerned. 
"Fred," murmured the banker, "for all his fine looks I'm afraid there is 
something wrong with your pony." 
"What is it?" asked Fred, looking, as he felt, vastly troubled. 
At that moment an automobile stopped out in the road. 
"Beg your pardon, Mr. Dodge," called the chauffeur, "but are you 
going to want me soon?" 
"I want you at once," called back the banker, adding in a lower voice to 
Fred: 
"Flannery, my new chauffeur, was a coachman for many years. He's a 
fine judge of horseflesh." 
Flannery came up, an inquiring look on his face. 
"I want you to look this pony over and tell me just what you think of
him," directed the banker. 
Flannery went over the pony's "lines" with the air of an expert, as, 
indeed, he was. 
"Fine-looking little beast," said Flannery. "He has been well fed and 
groomed." 
Then he looked into the pony's mouth, examining the teeth with great 
care. 
"Used to be a nice animal once," decided Flannery, "but he was that a 
long time ago. He's about twenty-five or twenty-six years old." 
"What!" exploded young Ripley, growing very red in the face. 
"Thinking of buying him, sir?" asked the chauffeur respectfully." 
"I've already bought him," confessed Fred ruefully. 
Flannery whistled softly. Then he took the pony by the bridle, dragging 
him along over the ground at a trot, the crowd making way for him. 
"Wind-broken," announced the ex-coachman, leading the trembling 
animal back. "Bad case, too." 
"A    
    
		
	
	
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