"I have had a good offer for the horses," he said. "Two gentlemen, who arrived yesterday from France, and are staying at the inn of a friend of mine, are requiring horses for themselves and their servants, and I have promised my friend a slice of my commission, if he will bring them round hither. Will you name your price for them?"

"No, I would rather not," Mr. Jervoise said cautiously. "If we asked too high a figure, we might frighten the purchasers away. If we should ask too little, we should be the losers. I daresay they have named, to your friend, the price they are willing to give. You had better ask from them a good bit above that, then you can come down little by little, and maybe, seeing the horses are really good ones, they may advance a bit. I am not used to a horse deal, and will leave it to you to make the bargain. We are sorry to part with the animals, but they might die on the voyage, or get so injured as to be worthless; and, moreover, we shall have no use for them there. Therefore, as we must sell, we are ready to take the best terms we can get."

When they returned to the inn, after an absence of two hours, they found that the landlord had sold the horses, for a sum nearly approaching their value, the gentlemen being as anxious to purchase them as they were to sell. The next day, they bought three or four rolls of west country cloth, and a supply of clothes suitable to their condition, together with trunks for their carriage. All these were sent down to the ship, in the course of the afternoon, and they themselves embarked late in the evening, as she was to set sail at daybreak.

The lads, accustomed to spacious and airy rooms, were quite taken aback at the small and stuffy cabin allotted to their joint use, and slept but badly, for the loading of the ship continued by torchlight, until within an hour of the time of their departure. After tossing about for some hours in their narrow beds, they were glad to go on deck, and to plunge their heads into a pail of water, and were then, after combing their long hair, able to take an interest in what was passing round them.

The sailors were busy; stowing away the cargo last received, tidying the decks, and coiling down the ropes. There were but few persons on the quay, for those who had been engaged in loading the cargo had gone off to bed, as soon as the last bale was on board.

In half an hour the sailors began to hoist the sails, the hawsers were thrown off, and, with a gentle wind blowing aft, the ship glided along past the shore, being helped by the tide, which had begun to ebb half an hour before. The lads were greatly interested in watching the well-wooded slope on the left, with the stately ruins of Tintern Abbey rising above the trees. Then they passed the round fort, at the water's edge, on their right, and issued out from Southampton Water into the broad sheet between the island and the mainland.

It was dotted with sails; fishing craft and coasters for the most part, but with some larger ships bound from the east to Southampton, and others that had come in through the Solent. This was very entertaining to the boys, and they were still more pleased when they saw the fortifications of Portsmouth, with cannon pointing seaward, and with many vessels riding in the strait by the side of the town.

"That fort would give the French or the Dutch a hot reception, were they at any time to think to capture the dockyard and shipping," Sir Marmaduke said.

"The Dutch have already captured the place, and that without shedding a drop of blood," Mr. Jervoise remarked.

"'That is true enough," the knight said, stamping his foot angrily on the deck, "but what has been won so easily may be lost as quickly. I have seen several changes since I can first remember, and I hope I may live to see another. However, we need not talk of that now."