"I think the Osprey is a pretty name, Miss Greendale. I should have accepted the Crocodile if you had suggested it. The name that you have chosen will suit admirably; so henceforth she shall be the Osprey, pending your formally christening her by that name. I might, of course, be hypercritical and point out that, although a fishing eagle, the Osprey can scarcely be called a water bird, inasmuch that it is no swimmer."

"But it is hypercritical even to suggest such a thing," she said, pouting. "The Osprey has to do with the sea. It is strong and swift on the wing, and the sails of the yacht are wings, are they not? Then it is strong and bold, and I am sure your boat will not be afraid to meet a storm. Altogether, I think it is an excellent name."

"I think it a very good name, too."

"You ought to have one for your figurehead."

"Yachts don't have figureheads, else I would certainly have it. At any rate, I will choose an eagle for my racing flag."

"I have never been on board a yacht yet," the girl said. "I think I only know one man who has one, at least a large one; that is Mr. Carthew. Of course you know him; he had a new one this spring––the Phantom. He has won several times this season."

"I saw he had," Frank said, quietly. "Yes, I used to know him, but it's seven or eight years since we met."

"And you don't like him," she said, quickly.

"What makes you think that, Miss Greendale?"

"Oh, I can tell by the tone of your voice."