Consul Endresen, for instance, and Henry B. Karsten the ship-chandler were not accustomed to be treated with such utter disregard by a so-called "Admiral."

Admiral indeed! Ha, ha! The whole thing was a farce. The old humbug; he was no more an admiral than Ferryman Arne. They turned up their noses at him, but kept their distance all the same, with an instinctive feeling that he might literally go so far as to take them by the scruff of the neck if he felt like it.

The two firms were old-established and respected in the place, having occupied a leading position in the commercial life of the town for generations, by reason of their wealth, superior education and incontestable ability. And in consequence neither felt at home elsewhere than in their native place, where they were used to play first fiddle generally. There was no competition between the two; they were wise enough to realise that any such conflicting element might easily destroy the lead their fathers had established.

But they would not suffer any outsider to intrude on their domains, whether in business or in social life; here they shared in common an undisputed supremacy.

The young Karstens and Endresens were brought up according to the principles of their respective dynasties, and were sent abroad for their commercial education, that they might be properly fitted for the distinguished position they would be called to fill.

Skipper Hansen and Blacksmith Olsen's offspring found it was no easy matter to compete with them.

Wealth, however, was the only thing they really respected at heart, the old as well as the younger generation.

They would devote themselves several times a week to calculating how much the other notables might be worth, and were ill pleased that anyone should be better off than themselves.

It was even said that old Karsten took to his bed out of sheer envy on hearing that someone else had made a heap of money.

Endresen was wilier and rarely showed his feelings, but it was a well-known fact that he would be irritable and unreasonable when he heard of others making a successful deal. The clerks in his office said so.