The Old Man thought carefully for quite a time. "Hundred 'n fifty, 'n your hawser," he said.

The Captain of the Active jammed his telegraph at full speed ahead.

"Good morn', Cap.," he said. "Guess I'll see ye in 'Frisco this side o' the Noo Year." He forged rapidly ahead, and when clear of the bows took a long turn to seaward. The Mate took advantage of his being away and wiped off the paint on the burned patch, which was beginning to smell abominably. Fresh paint was hurriedly put on, and the stages were again aboard when the Active, finding nothing to interest her on the western horizon, returned—again to the lee quarter.

"Saay, Cap., kan't we do a deal; kan't we meet somewhere?" said Cutbush, conciliatory. "Say five hundred or four-eighty, 'n I'll toss ye for th' hawser?"

"I can't do it, Capt'in.... I'd lose my job if I went," (here the Old Man paused to damn the steersman's eyes, and to tell him to keep her full) "if I went that length."

The tow-boat again sheered off, and her skipper busied himself with his telescope.

"Wall, Cap., she may be a smart barque, but I'm darn ef ye can beat her though the Golden Gate the way th' wind is. Saay! Make it three-fifty? What the hell's about a fifty dollars. Darn me! I've blown that in half-hour's poker!"

"Aye, aye! That's so; but I'm no' takin' a hand in that game. Set the stays'ls, Mister, 'n get a pull on the fore 'n main sheets!"

We went about the job, and the Active took another turn, this time to the south'ard. Munro, aloft loosing the staysails, reported a steamer away under the land. She was sending up a dense smoke, and that caused the Old Man to account her another tow-boat out seeking.

"That'll fetch him," he said to the Mate, "'n if he offers again I'll close. Three-fifty's pretty stiff, but we can't complain."