The principal had returned from Burlington in the afternoon, and when he saw the four-oar boat, with the Dragon in tow, moving up to Hornet Point, he walked over to the cottage. He was a spectator of the affecting interview between Mrs. Bristol and her husband, even before the Dragon was hauled up to the shore. Tom Topover was very much battered in the conflict with Paul. He was sure of two very black eyes, and he could hardly walk when he was helped out of the flatboat. The principal thought he had been punished enough for the present; and as he seemed to be very humble, for him, he was allowed to limp home, after a strong admonition from the captain. The principal had been so good a friend to the family, that Mrs. Bristol begged him to stay and hear her husband's story, and listen to the adventures of Paul since he left in the afternoon. The moving of the cottage had to be related by Paul. The prolonged conversation was interrupted only by the arrival of the Sylph. After the shoe was landed at the boat-shed, and the gundalow towed to the stone quarry, the students learned all about the new steamer, in which they were very much interested, though they were sorry to learn that Major Billcord was her owner. On Monday afternoon, the shoe was bolted to the keel of the Lily, and the inside work, which had been left unfinished for this job, was completed. The following Saturday was appointed for the launch of the boat, for this day would complete the school year of the institution. Invitations had been sent to the gentlemen who had served as examiners the preceding year, and on Friday afternoon the Sylph, fully manned, and dressed in gay colors, brought up Mr. Bridges, Mr. Ritchie, and Mr. Plint. They were hospitably entertained at the mansion. In the forenoon a sort of public exhibition took place in the great hall of the boat-house, which delighted the spectators, and gave them a very high idea of the progress of the students in the mechanic arts, as well as in the book studies. After this show, the visitors went through the shops, and inspected the Lily as she stood on the stocks. A brass band played a portion of the time, and in the middle of the day a choice collation was served on the green. About all the young ladies in Genverres, and not a few from Burlington and Westport, were present. Possibly there was some heavy flirting done, for again the students in their uniform were lions of the first order. But the great event of the day was to be the launch of the Lily. She had been fully prepared in the morning for the exciting occasion, and two jury-masts had been put up on board, and she was covered with flags and streamers. The boat was to move from the ways at four, and an hour before that time the students and the principal were not a little astonished to see the two Chesterfield barges pull into the Beechwater, and take positions near the farther side of the lake.