At this Featherstone sat upright, with his legs dangling out of the hammock.
"By Jove!" he exclaimed again. "Betting! So we can. Do you know, Melick, old chap, I think that's a wegular piece of inspiration. A wegatta! and we can bet on the best boat."
"But there isn't any wind," said Oxenden.
"Well, you know, that's the fun of it," said Melick, who went solemnly on as he spoke, folding his paper boats; "that's the fun of it. For you see if there was a wind we should be going on ourselves, and the regatta couldn't come off; but, as it is, the water is just right. You pick out your boat, and lay your bet on her to race to some given point."
"A given point? But how can we find any?"
"Oh, easily enough; something or anything—a bubble'll do, or we can pitch out a bit of wood."
Upon this Featherstone descended from his perch, and came near to examine the proceedings, while the other two, eager to take advantage of the new excitement, soon joined him. By this time Melick had finished his paper boats. There were four of them, and they were made of different colors, namely, red, green, yellow, and white.
"I'll put these in the water," said Melick, "and then we can lay our bets on them as we choose. But first let us see if there is anything that can be taken as a point of arrival. If there isn't anything, I can pitch out a bit of wood, in any direction which may seem best."
Saying this, he went to the side, followed by the others, and all looked out carefully over the water.
"There's a black speck out there," said Oxenden.