Tredgold looked hastily at his friends. "Come and see me to-morrow," he said, nervously, "and we'll settle things."

"You can send us the rest," said Brisket, "but we want that now. We're off to-night."

"But we must see you again," said Tredgold, who was anxious to make arrangements about the schooner. "We-we've got a lot of things to talk about. The-the ship, for instance."

"I'll talk about her now if you want me to," said Brisket, with unpleasant readiness. "Meantime, we'd like that money."

Fortunately-or unfortunately-Tredgold had been to his bank that morning, and, turning a deaf ear to the expostulations of Captain Bowers, he produced his pocketbook, and after a consultation with Mr. Chalk, and an attempt at one with the raging Stobell, counted out the money and handed it over.

"And there is an I.O.U. for the remainder," he said, with an attempt at a smile, as he wrote on a slip of paper.

Brisket took it with pleased surprise, and the mate, leaning against his shoulder, read the contents: "Where is the 'Fair Emily'?"

"You might as well give me a receipt," said Tredgold, significantly, as he pa.s.sed over pencil and paper.

Captain Brisket thanked him and, sucking the pencil, eyed him thoughtfully. Then he bent to the table and wrote.

"You sign here, Peter," he said.

Mr. Tredgold smiled at the precaution, but the smile faded when he took the paper. It was a correctly worded receipt for twenty pounds. He began to think that he had rated the captain's intelligence somewhat too highly.

"Ah, we've had a hard time of it," said Brisket, putting the notes into his breast-pocket and staring hard at Captain Bowers. "When that little craft went down, of course I went down with her. How I got up I don't know, but when I did there was Peter hanging over the side of the boat and pulling me in by the hair."

He paused to pat the mate on the shoulder.

"Unfortunately for us we took a different direction to you, sir," he continued, turning to Tredgold, "and we were pulling for six days before we were picked up by a barque bound for Melbourne. By the time she sighted us we were reduced to half a biscuit a day each and two teaspoonfuls o' water, and not a man grumbled. Did they, Peter?"

"Not a man," said Mr. Duckett.

"At Melbourne," said the captain, who was in a hurry to be off, "we all separated, and Duckett and me worked our way home on a cargo-boat. We always stick together, Peter and me."

"And always will," said Mr. Duckett, with a little emotion as he gazed meaningly at the captain's breast-pocket.

"When I think o' that little craft lying all those fathoms down,"

continued the captain, staring full at Mr. Tredgold, "it hurts me. The nicest little craft of her kind I ever handled. Well-so long, gentlemen."

"We shall see you to-morrow," said Tredgold, hastily, as the captain rose.

Brisket shook his head.

"Me and Peter are very busy," he said, softly. "We've been putting our little bit o' savings together to buy a schooner, and we want to settle things as soon as possible."

"A schooner?" exclaimed Mr. Tredgold, with an odd look.

Captain Brisket nodded indulgently.

"One o' the prettiest little craft you ever saw, gentlemen," he said,"

"and, if you've got no objection, me and Peter Duckett thought o'

calling her the Fair Emily, in memory of old times. Peter's a bit sentimental at times, but I don't know as I can blame him for it. Good night."

He opened the door slowly, and the sentimental Mr. Duckett, still holding fast to the parcel containing Mr. Stobell's old boot, slipped thankfully outside. Calmly and deliberately Captain Brisket followed, and the door was closing behind him when it suddenly stopped, and his red face was thrust into the room again.

"One thing is," he said, eyeing the speechless Tredgold with sly relish, "she's uncommonly like the Fair Emily we lost. Good night."

The door closed with a snap, but Tredgold and Chalk made no move. Glued to their seats, they stared blankly at the door, until the rigidity of their pose and the strangeness of their gaze began to affect the slower-witted Mr. Stobell.

"Anything wrong?" inquired the astonished Captain Bowers, looking from one to the other.

There was no reply. Mr. Stobell rose and, after steadying himself for a moment with his hands on the table, blundered heavily towards the door.

As though magnetized, Tredgold and Chalk followed and, standing beside him on the footpath, stared solemnly up Dialstone Lane.

Captain Brisket and his faithful mate had disappeared.

_THE END_