"All right!" agreed the latter.

"Then we'll put 'em in the well."

He lifted off a hatch aft of the scale, opening into a compartment containing something over three feet of water; it was twelve feet long and thirteen wide, and divided into two parts by a low partition running lengthwise of the sloop. Two water-tight bulkheads separated it from the rest of the boat, and several hundred inch-and-a-quarter holes, bored through its bottom to allow free access to the water outside, gave it the appearance of a pepper-box. It already contained hundreds of live lobsters.

Picking the shell-fish carefully from the tub, Jim and the captain dropped them, one by one, into the well. Soon all were safely transferred to their new quarters, and the hatch was replaced. Captain Higgins invited Jim and Budge down into his little den of a cabin. Unlocking an iron box, he took from it a wallet and began counting out bills.

"Forty-two dollars and a half!"

He passed the amount over to Jim.

"You carry quite a sum of ready money, Captain," said Lane.

"Yes; I have to. This business is cash on the nail. My boat can take over twelve thousand pounds of lobsters, and sometimes she's almost filled. I've started out with three thousand dollars in that box, and I rarely go with less than two thousand. It'd surprise you to figure up the amount of cash these smacks spread along the coast. They say that one winter, when lobsters were specially high, a Portland dealer paid a smackman over fifty-five hundred dollars for a single trip."

"Somebody must make a big profit. Think what a lobster costs in a market!"

"Somebody does—sometimes. But it isn't the smackmen. Lobsters ought not to be kept in a well longer than a few days. A friend of mine started out from Halifax with ten thousand pounds of Cape Breton lobsters. He got caught in a gale of wind and lost forty-seven hundred pounds before he landed in Boston. Some years ago a Maine dealer put one hundred and five thousand lobsters in a pound during May and June; he fed them chiefly on herring, and the total cost was over ten thousand dollars. Things went wrong and he took out just two hundred and fifty-four live ones. Not much profit about that!"