The exhausted boy sleeps late the next day. While he is still hovering between slumber and full consciousness, he observes the old Jew remove a small box from its place of concealment in the floor. Fagin gloats over the costly horde in the box.
The old man is alarmed at the discovery that Oliver is watching him, for he thought that the boy was still sleeping soundly. Fagin genially explains that the treasure is his life's savings; he diverts Oliver's attention and the box vanishes.
Later, the Dodger comes in with Charley Bates, who had been present the evening before. Bates is notorious for laughing immoderately for any, or no, reason. The arrivals deliver some articles to Fagin and reveal that they have attended an execution. After breakfast, the two practice picking the pockets of the "merry old gentleman."
The game is interrupted by the entrance of two rather slovenly girls, Betsy and Nancy. After the four young people depart, Fagin counsels Oliver to take The Artful Dodger as his special model. Then Fagin gives Oliver his first lesson in picking pockets.
