At half-past ten A.M.  Precisely
All friends, and strangers, cordially invited. 
No reserve price.

It served its purpose admirably, for by soon after ten o’clock quite a considerable crowd had begun to assemble; and it was only after a very serious conversation with the Dean that the sale was allowed to proceed.  But it proceeded, with the distinct understanding that a college porter be present; that no riotous behavior should be allowed; that the sale was a genuine one, and that Mr. Guiseley would call upon the Dean with further explanations before leaving Cambridge.

The scene itself was most impressive.

Frank, in a structure resembling an auctioneer’s box, erected on the hearth-rug, presided, with extraordinary gravity, hammer in hand, robed in a bachelor’s gown and hood.  Beneath him the room seethed with the company, male and female, all in an excellent humor, and quite tolerable prices were obtained.  No public explanations were given of the need for the sale, and Jack, in the deepest dismay, looked in again that afternoon, about lunch-time, to find the room completely stripped, and Frank, very cheerful, still in his hood and gown, smoking a cigarette in the window-seat.

“Come in,” he said.  “And kindly ask me to lunch.  The last porter’s just gone.”

Jack looked at him.

He seemed amazingly genial and natural, though just a little flushed, and such an air of drama as there was about him was obviously deliberate.

“Very well; come to lunch,” said Jack.  “Where are you going to dine and sleep?”

“I’m dining in hall, and I’m sleeping in a hammock.  Go and look at my bedroom.”

Jack went across the bare floor and looked in.  A hammock was slung across from a couple of pegs, and there lay a small carpet-bag beneath it.  A basin on an upturned box and a bath completed the furniture.

“You mad ass!” said Jack.  “And is that all you have left?”

“Certainly.  I’m going to leave the clothes I’ve got on to you, and you can fetch the hammock when I’ve gone.”

“When do you start?”

“Mr. Guiseley will have his last interview and obtain his exeat from the Dean at half-past six this evening.  He proposes to leave Cambridge in the early hours of to-morrow morning.”

“You don’t mean that!”

“Certainly I do.”

“What are you going to wear?”

Frank extended two flanneled legs, ending in solid boots.

“These—­a flannel shirt, no tie, a cap, a gray jacket.”

Jack stood again in silence, looking at him.

“How much money did your sale make?”

“That’s immaterial.  Besides, I forget.  The important fact is that when I’ve paid all my bills I shall have thirteen pounds eleven shillings and eightpence.”

“What?”

“Thirteen pounds eleven shillings and eightpence.”