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 name was still legible on each side of the bow, however, in faded black. Through the roof a rusty smoke-stack pushed its way to lean perilously to starboard. Atop the cabin, reached by a narrow companion, benches inside a pipe-railing had afforded accommodation for passengers in fine weather. The boat was secured fore and aft with frayed hawsers, and her rail lay close to the wall. Laurie viewed her speculatively from stem to stern and then stepped aboard. Had there been any one about to observe him they might have thought that here was a possible purchaser, for he went over the boat completely and exhaustively, giving, however, most of his time to the cabin. In the end he went ashore and once more viewed the derelict in frowning speculation. There was no doubt that the ''Pequot Queen'' had outlived her use as a water-craft. She still floated and would probably continue to float for many years yet, but old age had claimed her, as rotting timbers and yawning seams showed. Yet Laurie, whether or not he was a prospective purchaser, turned away at last with an expression of thoughtful satisfaction on his countenance.

Back by the railroad, he stopped and viewed