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Rh an old ship, and go cruising on their own account? Carthew was an experienced yachtsman; Hadden professed himself able to “work an approximate sight.” Money was undoubtedly to be made, or why should so many vessels cruise about the islands? they, who worked their own ship, were sure of a still higher profit.

“And whatever else comes of it, you see,” cried Hadden, “we get our keep for nothing. Come, buy some togs, that's the first thing you have to do of course; and then we'll take a hansom and go to the Currency Lass.”

“I'm going to stick to the togs I have,” said Norris.

“Are you?” cried Hadden. “Well, I must say I admire you. You're a regular sage. It's what you call Pythagoreanism, isn't it? if I haven't forgotten my philosophy.”

“Well, I call it economy,” returned Carthew. “If we are going to try this thing on, I shall want every sixpence.”

“You'll see if we're going to try it!” cried Tommy, rising radiant from table. “Only, mark you, Carthew, it must be all in your name. I have capital, you see; but you're all right. You can play vacuus viator, if the thing goes wrong.”

“I thought we had just proved it was quite safe,” said Carthew.

“There's nothing safe in business, my boy,” replied the sage; “not even bookmaking.”

The public house and tea garden called the Currency Lass represented a moderate fortune gained by its proprietor, Captain Bostock, during a long, active, and occasionally historic career among the islands. Anywhere from Tonga to the Admiralty Isles, he knew the ropes and could lie in the native dialect. He had seen the end of sandal wood, the end of oil, and the beginning of copra; and he was