"I think that makes the thing quite plain," he said.

Jimmy glanced at the paper. "Got a wire last minute, and sent over to your hotel, but didn't find you in," he read. "Had to go out unexpectedly on the Sound steamer."

"He stopped your putting another man on?" he said.

"Yes," said Jordan, with a snap in his dark eyes. "Knew he was going all the while. Played me for a sucker. Well, I guess I was one, or I wouldn't have given him an option of selling me to Merril."

"Selling you?"

"Exactly. I might have known it's quite hard for an outsider to kick against the people who boss these things. Still, since Merril knows, there's no reason why I should keep my knife in the sheath. Raise them a hundred dollars. I'll stand sponsor."

Jimmy did not stop to consider. He knew that every dollar the schooner brought now would go into the pockets of his father, and that was enough for him.

"I'll make the figure one hundred dollars more," he said.

The man Jordan had pointed out as Merril's agent leaned forward and whispered something to the auctioneer, whereupon the latter turned to Jimmy with a deprecatory air.

"The terms are strictly cash," he said. "I presume you are in a position to put down the bills or a bank draft if you got her? I have, of course, the pleasure of these other gentlemen's acquaintance."