Needless to say, that few, if any, of the students had the least suspicion against the chums. Nor, for that matter, did any of the faculty entertain any unjust thoughts. It was regarded more as an accident. Mr. Long being the party who suffered, could, perhaps, be excused for thinking that perhaps the boys had taken the bracelet in a joke, and were now afraid to return it. In fact he hardly knew what to believe. In due time the police came to the school, made an investigation and questioned our heroes. They went away as wise as they came. But, as several days passed, and there was no trace of the bracelet, there was an undefined air of suspicion directed against the chums. It was not in so many words, but nevertheless they felt it.