"All the time?"
"Most of the time."
"Very well. Here is your bill. I advise you to destroy it without delay, or it may get you into serious trouble."
"What?" cried the man, angrily. "Destroy it? I'll have that yacht. This bill gives me the right to it."
"That bill gives you the right to nothing!" came clearly and distinctly from Merriwell's lips. "Either you have been badly fooled or you are a rascal trying to obtain property that you have not the slightest claim upon. It looks as if the latter were the real condition of affairs. Fergus Fearson is confined in a madhouse, and so he cannot deny that he ever gave you a bill of sale of this yacht."
"Deny it? Here is his signature!"
"And that may be forgery! I tell you to be careful!"
"It is not forgery! It is genuine! Your bluff will not go, sir! The yacht is mine, and I will have her."
"Even if the signature is genuine, the bill is not worth the paper it's written on!" declared Merriwell, with the utmost coolness.
"More bluffing! You are crazy! Why isn't it good?"