"You say, too, that the war is nearly over, that the Peace Commission is sitting at Ghent, and that rumors are coming home that they are near to an agreement. That is your excuse for wishing to keep our privateers at home. You are a foolish and an overscrupulous man, Reuben Hallowell, for I say that such a reason makes all the more haste for her to be gone. We should reap what profit we can while there is yet time." He leaned forward, his dark, eager face close to theirs, all caution forgotten in the intensity of his purpose. "Once at sea the Huntress is beyond reach of tidings or orders. If she should take her last and richest prizes a little after peace has been declared, who will ever know it?"

He was silent and stood staring at them with unwavering, defiant eyes. Cicely could hear her sharply drawn breath as she waited for her father to answer.

"We are partners no longer, Martin Hallowell," he said. "We were not born to work together and it is clear that we have come to the parting of the ways. To-morrow we will make division of our holdings, for I tell you plainly that I will have no more to do with you and your dishonest schemes."

"It shall be as you say," Martin agreed, quick to press home an advantage. "And since it was I who urged the building and launching of the Huntress, it is only proper that she should fall to my share. She shall sail this day week, as I have told you. And you, my dear cousin, for your effort to stop her, shall soon be a most regretful man."

He went out, this time closing the door very gently behind him. The echoes of his vague threat seemed to hang in the great room long after he was gone.

"What—what can he do?" questioned Cicely.

Her father, with a visible effort, answered cheerfully, "An angry man loves to threaten, but we have naught to fear from him. And now," he gathered the big ledger under his arm, "I must work for a little in the countingroom and then we will go home."

Cicely, left alone, went back to fetch her letters and stopped for a moment at one of the long windows to look down upon the harbor where the Huntress dipped and swayed at anchor, a stately, beautiful thing that seemed to quiver with life as she rocked in the choppy seas, her shimmering reflection, beginning to be colored by the sunset, rocking and dancing with her.

"Oh, I must draw it," cried Cicely, catching up a sheet of fresh paper. "If only the light holds and the ship does not swing round with the tide!"

The minutes passed while she worked eagerly, but finally was forced to lay down her pencil, unable to see more in the dusk. The door flew open and some one came in with the impulsive rush that belonged only to her brother Alan.