Chesterton on Puns

A little vignette from Chesterton's career:

The Well and the Shallows, chap. 1 (1935):

When I was a Pauline, an assistant master received a testimonial on leaving the school for a fellowship at Peterhouse. A solemn upper master made on this occasion the first and last joke of his life by observing in a deep voice, "We are robbing Paul to pay Peter." An old schoolfellow of mine, now a journalist but cynical even at that early age, declared that the older master must have engineered the whole career of the younger, and made him a teacher at that particular school and then a don at that particular College, solely in order to enjoy one moment of supreme triumph in making that single pun.