"Oh, well," said Peters philosophically, "it looks as if I must drop the plan, but if you need me later, you know where I can be found. In the meantime, we'll let it go. When I left, Ramon Larrinaga sent you his compliments. He's getting an important man; had some part in the plot that put the new president in power and has, no doubt, claimed his reward."

"You may give him our congratulations when you go back," Marston replied, and soon afterwards Peters went off.

Marston smoked a cigarette and reviewed his visitor's remarks. The fellow had implied that Wyndham had, by some means, gained the Bat's support, and this jarred. Perhaps it jarred worse because Marston had tried to banish suspicions that chimed with the hint. Then he imagined Peters' offer was rather made to Wyndham than to him. Marston meant to urge his partner to refuse. He did not want to see Peters again, but doubted. The fellow was cunning and obstinate. By-and-by Marston threw away his cigarette and rang for his clerk. He would not bother about Peters until he was forced. In fact, if Peters did not come back, he was not sure he would tell Wyndham about it at all.

CHAPTER IV
THE LOST EXPLORERS

The days were getting longer and although the evening was cold Marston rejoiced that winter had gone. He had worked hard at the office until Wyndham's return from his honeymoon, and now he was glad to get on the water again. Putting down his oars, he let Red Rose's dinghy drift, because he doubted if the tide had risen enough to carry him across the sands. A bitter wind blew up the estuary, where belts of shining water wound among the shoals, and some distance astern Red Rose rode at her moorings in a sheltered pool. For half a mile, sand and shallow water ran between Marston and the beach.

He had brought the yacht round from a neighboring river mouth where the smoke of a busy port blackened her gear, and had since been occupied on board. Now he was pleasantly tired, hungry, and braced by the cold. He knew no amusement that gave him as much satisfaction as working on board a yacht. In fact, if one went about the thing properly, it was really a scientific job.

The dinghy grounded, and letting her bump across the sand, he lighted his pipe and reviewed his changed life since Wyndham won the Commodore's cup. Things had begun to change then. For the most part, he had worked hard; at first as Columbine's mate and supercargo, afterwards as a merchant's clerk. Although he had invested a good sum, he was really a clerk. Sometimes he stated his views and Wyndham listened politely; but when one came to think about it, Harry did not tell him much. Then he did not altogether understand transactions in which the house engaged.

For all that, Marston was not hurt. He admitted that his judgment was not worth much. He had not, like Harry, been trained for business. In fact, it was something of a relief when Harry came home and he got rid of his responsibility, although he thought he had, on the whole, managed rather well. Recently, he had taken things easier and Wyndham had encouraged him to do so. He suggested Marston's going off for a few days now and then, and told him not to bother about the office while he fitted out Red Rose. Harry was a good sort, and since he did not need him, Marston was glad to occupy himself with the yacht.

By-and-by the dinghy floated off the shoal and Marston saw the Welsh hills on the other shore were getting dim and blue. He was cold and drove the little boat briskly across the rippling water. Carrying her up the beach, he went to an inn where he left his yachting clothes and then set out across the heathy common for Mrs. Hilliard's house. Mabel gave him tea by the fire and when it got dark outside they talked in the flickering glow. Flora, Wyndham and Chisholm were coming to dinner, but would not arrive yet, and Marston lounged contentedly in a big easy chair.