“But who were these men?” asked Code. “Whom did they mean by the chief?”

“I was just gettin’ to that. After a while, from a little bit here an’ a little there, I made out that the first young feller was private secretary to the president 43 of the Marine Insurance Company. That’s the firm that carried the old May, isn’t it?”

“Yes.”

“I thought so. They’ve got my Rosan, too, though I wish mightily now that they hadn’t. This feller is the private secretary to the president, an’ the other two are clerks or something in the office. They may have been up to something crooked, and then again they may have just been talkin’ things over as young fellers often do when they’re interested in their work. Anyway, there’s enough in what they said to set you thinkin’, I cal’late.”

“Yes,” said Code slowly and grimly, “it is. I’ve only known that the island was talking since last night, and now I find St. John’s is, too. It’s spreading pretty fast, it seems; and I wonder where it will end?” He pondered silently for a while.

“If they sue to recover, what’ll you do?” ventured Tanner hesitatingly.

“God knows!” answered Schofield and laughed bitterly. “I haven’t got a thing on earth but the Charming Lass, an’ this year I haven’t caught enough fish to pay for my new mains’l. My credit is still good at Bill Boughton’s, but that’s all.”

“But the cottage––”

“That is my mother’s, and they could never get that. If they sue and I lose they must take the Lass, and after they’ve subtracted the judgment 44 from the sale price I suppose I’ll get the rest––maybe enough to buy a second-hand sloop.”

“Yes, but that isn’t the worst part of it, Code. As soon as they bring suit they will attach the schooner, so that even if the trial doesn’t come up for weeks you still can’t use her, and will have to sit around idle or go hand-lining in your dory. And you know what that means with winter comin’ on.”