OLD MOTHER RABBIT was waiting for Peter, but when he told her all about his ride in the shiny red sleigh, and how he had seen Santa Claus, and had shown her the presents he had, she forgot all about whipping him for running away.

Of course Old Mother Rabbit couldn’t open the packages, because it said on them “DON’T OPEN UNTIL CHRISTMAS.”

WHEN Christmas Day came, and the packages were all opened, there was a nice coat for Old Mother Rabbit, and a set of beautiful doll dishes for Flopsy. Mopsy got a lovely doll with golden hair and blue eyes—and it went to sleep when you laid it down.

Cotton-tail’s present was a long necklace of lovely pink coral beads. Santa Claus must have known that Peter loved Cotton-tail the best of all his sisters.

And in Old Mother Rabbit’s package was a jack-knife and some marbles for Peter.

“You see,” said Peter, “it sometimes happens that things turn out all right after all.”