"You appear to like old Horace," Stubby said thoughtfully, "about as much as our fellows used to like Fritz when he dropped high explosives on supposedly bomb-proof shelters."

"Just about as much," MacRae said shortly. "Well, you'll transfer that registry—when? I want to get back to Squitty as soon as possible."

"I'll go to town with you now, if you like," Stubby offered.

They acted on that. Within two hours MacRae was the owner of two motor launches under British registry. Payment in full left him roughly with five thousand dollars working capital, enough by only a narrow margin. At sunset Vancouver was a smoky smudge on a far horizon. At dusk he passed in the narrow mouth of Squitty Cove. The Bluebird was swinging about to go when her sister ship ranged alongside. Vincent Ferrara dropped his hook again. There were forty trollers in the Cove. MacRae called to them. They came in skiffs and dinghys, and when they were all about his stern and some perched in sea boots along the Blackbird's low bulwarks, MacRae said what he had to say.

"Gower has come alive. My market for fish bought in Gower's territory is closed, so far as Crow Harbor is concerned. If I can't sell salmon I can't buy them from you. How much do you think Folly Bay will pay for your fish?"

He waited a minute. The fishermen looked at him in the yellow lantern light, at each other. They shifted uneasily. No one answered his question.

MacRae went on.

"You can guess what will happen. You will be losers. So will I. I don't like the idea of being frozen out of the salmon-buying business, now that I have got my hand in. I don't intend to be. As long as I can handle a load of salmon I'll make the run. But I've got to run them farther, and you fellows will have to wait a bit for me now and then, perhaps. The cannery men hang together. They are making it bad for me because I'm paying a few cents more for salmon. They have choked off Crow Harbor. Gower is hungry for cheap salmon. He'll get them, too, if you let him head off outside buyers. Since I'm the only buyer covering these grounds, it's up to you, more than ever, to see that I keep coming. That's all. Tell the rest of the fishermen what I say whenever you happen to run across them."

They became articulate. They plied MacRae with questions. He answered tersely, as truthfully as he could. They cursed Folly Bay and the canneries in general. But they were not downcast. They did not seem apprehensive that Folly Bay would get salmon for forty cents. MacRae had said he would still buy. For them that settled it. They would not have to sell their catch to Folly Bay for whatever price Gower cared to set. Presently they began to drift away to their boats, to bed, for their work began in that gray hour between dawn and sunrise when the schooling salmon best strike the trolling spoon.

One lingered, a returned soldier named Mullen, who had got his discharge in May and gone fishing. Mullen had seen two years in the trenches. He sat in his skiff, scowling up at MacRae, talking about the salmon packers, about fishing.