"You're right, Mac," he said presently, endeavouring to control his anger and chagrin. "We'll settle this later. Take that helmet off the diver an' let's hear what he's got to report."

With the helmet removed the diver spoke:

"As near as I can make out, boss, there ain't a thing o' value in this hulk but a couple o' hundred tons o' codfish. She was cut in two just for'd o' the bulkhead an' her anchors carried away on the section that was cut off. She ain't worth the cost o' towin'

her in on the flats."

"So that codfish has some value," sneered Captain Scraggs.

"Great grief, Scraggsy! Don't tell me it's sp'iled," cried McGuffey, simulating horror.

"No, not quite, Mac, not quite. Just _slightly_. I s'pose Gib'll tack a sign to the stub o' the main mast: 'Slightly spoiled codfish for sale. Apply to A.P. Gibney, on the premises. Special rates on Friday.'"

Mr. Gibney quivered, but made no reply. He carefully examined that portion of the derelict above water and discovered that by an additional expenditure of about fifty dollars he might recover an equal amount in bra.s.s fittings. The _Kadiak's_ house was gone and her decks completely gutted. Nothing remained but the amputated hull and the foul cargo below her battered decks.

In majestic silence the commodore motioned all hands into the launch. In silence they returned to the city. Arrived here, Mr.

Gibney paid off the launch man and the diver and accompanied by his a.s.sociates repaired to a prominent jeweller's shop with the pearls they had acc.u.mulated in the South Seas. The entire lot was sold for thirty thousand dollars. An hour later they had adjusted their accounts, divided the fortune of the syndicate equally, and then dissolved. At parting, Mr. Gibney spoke for the first time when it had not been absolutely necessary.

"Put a beggar on horseback an' he'll ride to the devil," he said.

"When you two swabs was poor you was content to let me lead you into a fortune, but now that you're well-heeled, you think you're business men. All right! I ain't got a word to say except this: Before I get through with you two beachcombers I'll have all your money and you'll be a-beggin' me for a job. I apologize for soakin' you two with that diseased codfish, an' for old sake's sake we won't fight. We're still friends, but business a.s.sociates no longer, for I'm too big a figger in this syndicate to stand for any criticism on my handlin' o' the joint finances.

Hereafter, Scraggsy, old kiddo, you an' Mac can go it alone with your stern-wheel steamer. Me an' The Squarehead legs it together an' takes our chances. You don't hear that poor untootered Swede makin' no holler at the way I've handled the syndicate----"

"But, Gib, my _dear_ boy," chattered Captain Scraggs, "will you just listen to re----"

"Enough! Too much is plenty. Let's shake hands an' part friends.

We just can't get along in business together, that's all."

"Well, I'm sorry, Gib," mumbled McGuffey, very much crestfallen, "but then you hove that dog-gone fish at me an'----"

"That was fortune hittin' you a belt in the face, Mac, an' you was too self-conceited to recognize it. Remember that, both of you two. Fortune hit you in the face to-day an' you didn't know it."

"I'd ruther die poor, Gib," wailed McGuffey.

The commodore shook hands cordially and departed, followed by the faithful Neils Halvorsen. The moment the door closed behind them Scraggs turned to the engineer.

"Mac," he said earnestly, "Gib's up to somethin'. He's got that imagination o' his workin'. I can tell it every time; he gets a foggy look in his eyes. We made a mistake kiddin' him to-day.

Gib's a sensitive boy some ways an' I reckon we hurt his feelin's without intendin' it."

"He thrun a dead codfish at me," protested McGuffey. "I love old Gib like a brother, but that's carryin' things with a mighty high hand."

"Well, I'll apologize to him," declared Captain Scraggs and started for the door to follow Mr. Gibney. McGuffey barred his way.

"You apologize without my consent an' you gotta buy me out o' the _Victor_. I won't be no engineer with a skipper that lacks backbone."

"Oh, very well, Mac." Captain Scraggs realized too well the value of McGuffey in the engine room. He knew he could never be happy with anybody else. "We'll complete the deal with the _Victor_, ship a crew, get down to business, an' leave Gib to his codfish.

An' let's pay our bill an' get outer here. It's too high-toned for me--an' expensive."

For two weeks Captain Scraggs and McGuffey saw no more of Mr.

Gibney and Neils Halvorsen. In the meantime, they had commenced running the _Victor_ regularly up river, soliciting business in opposition to the regular steamboat lines. While the _Victor_ was running with light freights and consequently at a loss, the prospect for ultimate good business was very bright and Scraggs and McGuffey were not at all worried about the future.

Judge of their surprise, therefore, when one morning who should appear at the door of Scraggs's cabin but Mr. Gibney.

"Mornin', Gib," began Scraggs cheerily. "I s'pose you been rolled for your money as per usual, an' you're around lookin' for a job as mate."

Mr. Gibney ignored this veiled insult. "Not yet, Scraggsy, I got about five hundred tons o' freight to send up to Dunnigan's Landin' an' I want a lump sum figger for doin' the job. We parted friends an' for the sake o' old times I thought I'd give you a chance to figger on the business."

"Thanky, Gib. I'll be glad to. Where's your freight an' what does it consist of?"

"Agricultural stuff. It's crated, an' I deliver it here on the steamer's dock within reach o' her tackles. No heavy pieces. Two men can handle every piece easy."

"Turnin' farmer, Gib?"

"Thinkin' about it a little," the commodore admitted. "What's your rate on this freight? It ain't perishable goods, so get down to bra.s.s tacks."

"A dollar a ton," declared the greedy Scraggs, naming a figure fully forty cents higher than he would have been willing to accept. "Five hundred dollars for the lot."

"Suits me." The commodore nonchalantly handed Scraggs five hundred dollars. "Gimme a receipt," he said.

So Captain Scraggs gave him a receipted freight bill and Mr.

Gibney departed. An hour later a barge was bunted alongside the _Victor_ and Neils Halvorsen appeared in Scraggs's cabin to inform him that the five hundred tons of freight was ready to be taken aboard.

"All right, Neils. I'll put a gang to work right off." He came out on deck, paused, tilted his nose, and sniffed. He was still sniffing when McGuffey bounced up out of the engine room.

"Holy Sailor!" he shouted. "Who uncorked that atter o' violets?"

"You dog-gone squarehead," shrieked Captain Scraggs. "You been monkeyin' around that codfish again."

"What smells?" demanded the mate, poking his nose out of his room.

"That tainted wealth I picked up at sea," shouted a voice from the dock, and turning, Scraggs and McGuffey observed Mr. Gibney standing on a stringer smiling at them.

"Gib, my _dear_ boy," quavered Captain Scraggs, "you can't mean to say you've unloaded them gosh-awful codfish----"

"No, not yet--but soon, Scraggsy, old tarpot."

Captain Scraggs removed his near-Panama hat, cast it on the deck, and pranced upon it in a terrible rage.

"I won't receive your rotten freight, you sc.u.m of the docks," he raved. "You'll run me outer house an' home with that horrible stuff."

"Oh, you'll freight it for me, all right," the commodore retorted blithely. "Or I'll libel your old stern-wheel packet for you.

I've paid the freight in advance an' I got the receipt."

Captain Scraggs was on the verge of tears. "But, Gib! My _dear_ boy! This freight'll foul the _Victor_ up for a month o'

Fridays--_an' I just took out a pa.s.senger license!_"

"I'm sorry, Scraggsy, but business is business. You've took my money an' you got to perform."

"You lied to me. You said it was agricultural stuff an' I thought it was plows an' harrers an' sich----"

"It's fertilizer--an' if that ain't agricultural stuff I hope my teeth may drop out an' roll in the ocean. An' it ain't perishable.