As my reputation in the island was not exactly that of a monied man, he was thrown completely off his guard, and forthwith entered upon a string of abuse regarding the unfortunate vessel. She was too big for diving purposes; she cost twice as much to keep up as he could afford; she took a young man-o'-war's crew to work her; and altogether he wished he'd never set eyes on her. I waited my opportunity, and then said—

"Don't you wish you could sell her?"

"Sell her! You'd just better believe I do!" he replied with considerable energy. "I'm dead sick of her,—there never was a rottener bargain going."

He looked across the smooth stretch of the bay to where the object of his animadversions lay swinging to the tide. Then smothering a curse, he turned to me—

"Look here, Jack," he said, never of course dreaming I meant serious business, "I'm not what you'd call a big bug for style; but I'll tell you what I will do. I'll make you a present of that craft for two fifty, cash on the nail, and lose a hundred pounds by it. Now then, there you are; I couldn't say fairer than that if you was my missus's first husband's uncle, could I?"

He had made me the offer so often "just for style," that such a thing as my accepting it never for an instant crossed his mind. Therefore when I said quietly—

"Make it two hundred, Jim, and I'm your man, cash on the capstan when you please," there never was a man more overcome with astonishment.

"You don't mean it," he gasped; "you don't mean to go and say you've got two hundred pounds, Jack?"

His surprise was almost pathetic.

"I do," I answered, smiling at his earnestness; "and what's more, remember you've offered me the Mother of Pearl for two hundred and fifty pounds. I offer two hundred, cash, if she suits me, and we'll go off and look at her this very minute."