(From which remark, it would appear that the father of a boy is not always the only one who makes an error concerning the youth.)

“What I’m getting at, Teddy, is this: the reading of that letter from Jack has caused me to decide upon a piece of extravagance. I’m going to present him with a handsome yacht.”

“It will cost you a tidy sum, Tom.”

“I know that, but it will be a good investment. He may not have many opportunities for enjoying it while he is an officer of the army, but unless we have war very soon, Jack will follow the example of many others who have been educated at West Point and resign, holding himself at the disposal of the government whenever needed. Of course his ultimate destination is here, in our business, in this office, and the yacht will come in handy during his vacation times.”

“And probably add to the number of his vacations.”

“Which will be well; for it can be said of few of our business men that they have more vacations than are necessary or good for them.”

“May I give you a suggestion, Tom?”

“I am always glad to receive anything of the kind from you.”

“We can make as good yachts on this side of the continent as in the shipyards of the East. Nevertheless, purchase Jack’s yacht in the East.”