"Oh, yes it will. Peace hasn't been declared yet, and you had better make money at something while you can. After all, I don't know that I blame you for coming back. We've lost two blockade-runners and one privateer since you went out."

"There, now"; exclaimed Beardsley. "And I'd have lost my own vessel if I hadn't had the best of luck. What you sneering at me for?"

"Well, you see you were safe outside, and I was sure you would come back with a prize. I was disappointed when I saw you coming up the river alone."

"Not more disappointed than I was myself," answered the captain. "That brig was worth a power of money, and I might have been chasing her yet if that man-of-war hadn't hove in sight."

This was all the conversation Marcy overheard between Beardsley and his agent, for the two drew off on one side and talked earnestly in tones so low that he could not catch a word they said. It was plain that they came to an understanding on some point, for shortly afterward they went into the cabin, and Marcy was commanded to station himself at the head of the companion ladder and pass the word for the crew as fast as their names were called. He could see that the schooner's books and papers had been placed upon the cabin table, and that led him to believe that the reduction of the crew was to begin immediately. When the first man who was sent below came on deck again with his wages in his hand, Marcy whispered:

"What did the captain say when he paid you off B+"

"He didn't say he was gallied," replied the sailor, with a knowing look, "but I'll bet he is. The booming of that war ship's guns was too much for his nerves, and he's going to quit pirating and go to blockade running. I don't see but that one is about as dangerous as the other." One by one the members of the crew were sent into the cabin, and as fast as they received their money and their discharges they bundled up their clothes and bedding and went ashore. At last there were only six foremast hands left, including Marcy Gray, and these were summoned into the cabin in a body to listen to what Captain Beardsley had to propose to them. He began with the statement that privateering was played out along that coast, because numerous cruisers were making it their business to watch the inlets and warn passing vessels to look out for themselves. It was no use trying to catch big ships that would not let him come within range, and so he had decided to put his howitzers ashore, tear out the berths and gun decks fore and aft, and turn the Osprey into a freighter. He would change her name, too, give her another coat of paint, and take the figures off her sails, so that she could not be recognized from the description the Hollins's men would give of her when they went North.

"I have kept you men because you are the best in the crew," said Beardsley in conclusion, "and of course I want none but good men and true aboard of me; but you needn't stay if you don't want to. I want you to understand that blockade running is a dangerous business, and that we may be captured as others have been; but if you will stand by me, I'll give you five hundred dollars apiece for the run—one hundred to spend in Nassau, and the balance when you help me bring the schooner safe back to Newbern. What do you say?"

The men had evidently been expecting something of this sort, for without a moment's hesitation Tierney, speaking for his companions, replied that the captain's liberal offer was accepted, and they would do all that men could do to make the Osprey's voyages profitable. Marcy said nothing, for Beardsley had already given him to understand that he was to be one of the blockade-runner's crew. He was the only native American among the foremast hands, and the only one who could sign his name to the shipping articles, the others being obliged to make their marks. When this had been done the men returned to the deck, and the agent went ashore to make arrangements for landing the guns, to hunt up a gang of ship carpenters, and find a cotton-factor who was willing to take his chances on making or losing a fortune. He worked to such good purpose that in less than an hour two parties of men were busy on the schooner—one with the howitzers and the other with the bunks below—and a broker was making a contract with Beardsley for taking out a cargo of cotton. When the broker had gone ashore Beardsley beckoned Marcy to follow him into the cabin.

"The schooner owes you seventeen hundred dollars and better," said he, as he closed the sliding door and pointed to a chair. "It's in the bank ashore, and you can have it whenever you want it. Would you like to take out a venture?"