Marjorie entered the building, and made her way to the room where the rest of the graduating class were gathered. With a sharp pang of regret she realized that this was the last time they would ever be together as students of Miss Allen’s school. No doubt they would often meet later as alumnae, but it would never be the same. It seemed such a short time since they had entered as freshmen--when she and Ruth Henry had ridden up from their home town together, wondering what it would all be like. She was so thankful that Ruth had not dared to come back to the school after her expulsion from the Girl Scouts the preceding summer; her absence had made the year singularly pleasant and peaceful. Yes, Marjorie Wilkinson had been happy during those four years of boarding school life, and she was sorry that it was all over. As soon as she had entered the room, Lily rushed forward with her bouquet. “Marj! You forgot your flowers!” “Oh, thanks, Lil!” cried the other, gratefully. “And I forgot to thank John, too. But I’ll see him again.” She arranged the American beauties on her arm, and fell into her place in the procession of girls who were to walk, two by two, to that pretty stage in the wooded part of the campus. During the first part of the exercises, she kept her eyes steadfastly in front of her, listening with rapt attention to the speaker, as he droned through his dry address. But it did not seem long to her; somehow she wished that he might go on forever, thus, by his act, keeping her a student at Miss Allen’s. But, like everything else, it was over at last, and the principal gave the signal for the singing of the Alma Mater, which was to mark the conclusion of the exercises. It was then that Marjorie looked about the audience, and allowed her eyes to rest upon John Hadley’s. Dropping them for a moment, she looked at him again, mutely trying to make up for her omission in thanking him. The young man understood her meaning, and was happy. CHAPTER II. GOODBYES. Marjorie saw her parents and the Hadleys only for a few minutes after the exercises were over, for almost immediately Mae and Lily came to drag her off to a luncheon, which was to be followed by the last class meeting. As president, Marjorie naturally took the chair. Calling the meeting to order, she put through the necessary details, that the girls might return to their visitors as soon as possible. It was only when she mentioned the formation of some sort of permanent organization, whose purpose it would be to arrange for reunions and other activities, that she realized that the girls were in no hurry to adjourn. “Is it your pleasure to elect officers, and frame a constitution?” she asked. Immediately several girls rose to their feet in hearty approval of the suggestion. Discussion followed, and a unanimous acceptance of the proposition. Almost before she realized it, Marjorie was re-elected president for the coming year.