The crashing roar of the harpoon-gun was followed by a swirl as the whale sounded for a long dive, but a moment later there came a dull, muffled report from the water, the explosive head of the harpoon, known as the 'bomb,' having burst. For a minute or two there was no sound but the swish of the line and the clank of the big winch as it ran out, while the animal sank to the bottom.

There was a moment's wait, and then Hank, seeing the line tauten and hang down straight, called back:

"We can haul in, sir; I got him just right."

Compared to the excitement of the chase in the open boat this seemed very tame to Colin, and he said so to the captain, when he went aft, while the steam-winch gradually drew up the finback whose end had come so suddenly.

"My boy," was the reply, "I'm not whaling for my health. Other people have a share in this, besides myself and the crew, and what they're after is whales—not sport. The business isn't what it was; in the old days whale-oil was worth a great deal and whaling was a good business. Then came the discovery of petroleum and the Standard Oil Company soon found out ways of refining the crude product so that it took the place of whale-oil in every way and at a cheaper price."

"But I thought whalebone was what you were after!" said Colin in surprise.

"It was for a time," the captain answered, "after the oil business gave out. But within the last ten years there have been so many substitutes for whalebone that its value has gone down.

There's a lot of whalebone stored in New Bedford warehouses that can't be sold except at a loss."

"Well, if the oil is replaced and whalebone has no value, what is to be got out of whaling now, then?" the boy queried.

"Oil again," was the reply; "for fine lubricating work there's nothing as good. It's queer, though, how things have changed around. Fifty years ago, New Bedford was the greatest whaling port in the world, ten years ago there wasn't a ship there, they had all gone to San Francisco. Now 'Frisco is deserted by whalers, and the few in the business have gone back to the old port."