"I suppose you'd want us to go chasing them!"

"Of course. We should have to, if there were any, wouldn't we?"

"Certainly," his friend answered. "Don't you remember how the old bos'n of the Itasca used to tell us about the early days of the Revenue Cutter Service when chasing pirates was a regular part of its duties? Officially it is still, I suppose, but there aren't any more pirates to chase."

"What has put them all out of business?" Eric said thoughtfully. "I've often wondered."

"Steam, mainly," his friend replied, "that 'insult to a seaman's intelligence,' as our friend the fluent skipper of the Northwestern called it."

"But I don't see why," persisted Eric. "After all, in the days of sailing ships, the pirates only had sailing ships—and they weren't always such an awful lot faster. Why couldn't pirates to-day have steamships, just as fast in comparison to the steamers of to-day as their clippers were to the sailing ships of old? They'd get much bigger hauls. Why, one good hold-up of an Atlantic steamer would make a pirate crew rich for life!"

"You'd better take to the trade," suggested his companion.

"I'd sooner do the chasing," replied the boy; "it's much more fun, anyway, and I'd rather be on the right side, every time. But don't you think that there really would be a chance for a big Atlantic greyhound pirate?"

"I don't think so," the other answered meditatively. "For one thing, we'd have pirates if there was any such chance. After all, Eric, you've got to remember that a pirate was successful because of his own personality. They were a mighty forceful lot—Kidd, Blackbeard, Lolonnois, and all those early pirates. On a big steamer, the pirate captain wouldn't have the same sort of chance. There's too many in a crew, for one thing. Then he'd be practically at the mercy of his engineers and engine hands. In a mutiny, he'd be up against it for fair."

"But if a pirate captain could bluff a couple of mates and forty sailors in his crew, I don't see why he shouldn't he able to bluff a couple of engineers and fifty stokers," suggested Eric.