Merril looked at him gravely, but Jimmy did not appear to find his gaze in any way troublesome.
"I don't think you have anything to do with the matter," he said. "Still, out of courtesy——"
"No," interrupted Jimmy; "I'm not asking a favor, only anticipating things a little. It is, I am afraid, quite likely that I shall have to take over the schooner before very long."
"Then, in accordance with a clause in the agreement, the vessel must be kept in efficient repair to the satisfaction of a qualified surveyor. The man I sent down reports that she needs a new mast, decks relaid, and a good deal of new planking about her water-line. Your father has particulars."
"I suppose," said Jimmy very quietly, "there would be nothing gained by asking you to allow the repairs to stand over until we have brought down one or two more loads of lumber. I expect you know it will cost us the sawmill contract if we lay the schooner off now?"
Merril made a little gesture. "I'm afraid not. I can't afford to take the risk of having the schooner lost, to oblige you, and the fact that you may not carry out the sawmill contract naturally does not concern me."
"Has it occurred to you that we might question your surveyor's report? Half the repairs are quite unnecessary, as you no doubt know. Why the man recommended them is, of course, a question I'm not going into, though it wouldn't be very difficult to hit on the reason. There are, however, other men of his profession in this city."
Again Merril looked at him steadily, with a faint, sardonic gleam, which was more galling than anger, in his eyes. "You will, of course, do what you consider advisable, but if the repairs are not made I shall apply for an injunction to stop you from going to sea; and the law is somewhat costly. The redemption instalment and interest are overdue, and if your father has any money with him, one would fancy it would be more prudent for him to settle his obligations than to give it to the lawyers."
Jimmy realized that this was incontrovertible. Unless the arrears were paid within a fixed time, Merril could foreclose on the vessel and sell her to somebody acting in concert with him, which was, no doubt, what he wished to do. There was, it seemed, no wriggling out of his grip; and, though he felt it would be useless, Jimmy resolved to appeal to his sense of fairness.
"So far as I can figure, you have been paid in interest and charges about forty cents on every dollar you lent; and you still hold a bond for the original amount," he said. "That would be enough to satisfy most men; and all we ask is a little time and consideration. You could let those repairs stand over, and could wait a while for your interest. It will most certainly be paid if we can keep hold of the sawmill contract."