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the brief words which had passed between Montague Smith and Captain Cosgrove, the young electrician became satisfied that much of the doings of the two men had never been made public, and, moreover, would not reflect to their credit should those doings be exposed.

"They are deep ones," thought Franklin, as he watched them enter the cabin of the Sunflower. "Evidently Captain Cosgrove knows all about Belden Brice, and how Smith is swindling him. I would like to hear more of their talk."

Had the case in hand been an ordinary one, the young electrician would have despised playing the eavesdropper. But with him, as with everybody else, "circumstances altered cases," and he was not long in reaching the conclusion that he must hear the continuation of the conversation.

As has been mentioned, the Sunflower lay close beside the dock, and in less than a minute after, the two men had disappeared, Franklin was on board. Looking around to see that he was not observed, he tiptoed his way towards the cabin.