"You have!" she exclaimed.

"And from now on," said the Captain, still very serious, "I shall smoke a pipe."

With that he took notice for the first time of the package in his hand. It contained a case, which he opened slowly.

"Isn't it a beauty?" he said, holding up a new briar pipe.

"Yes," she replied faintly; "but, Uncle, how did you get it?"

He cleared his throat.

"One must make a beginning," he said; "economy is positively necessary. I bought it."

"Uncle, you didn't spend Frank Toby's subscription for a pipe!"

The Captain looked a little offended.

"Anthy, it was a bargain. It was marked down from two dollars."