Mandarin Companion has published a collection of graded readings in different levels.
The key point of this series of books is to approach interesting readings with absorbing plots which allow readers into a "extensive" reading. In other words, readers must understand 98% of the words so that they can enjoy the book and at the same time the experience turns into a motivation to keep studying and they get good reading habits.
This type of readings allow students to observe vocabulary in different contexts , learn different meanings of the words, review grammatical structures etc.
The Monkey's Paw is a short horror tale written by W.W. Jacobs.