"May I inquire," said Mr. Selwyn cuttingly, as he surveyed his dripping hat—"may I inquire how it all happened?"

"A most deplorable accident, I assure you. If I can tow you back I shall be delighted, and as for the damage—"

"The damage is trifling, thanks," he returned icily; "it is the delay that I find annoying."

"You have my very humblest apologies," I said meekly. "If I can be of any service—" Mr. Selwyn stopped me with a wave of his hand.

"Thank you, I think I can manage," he said; "but I should rather like to know how it happened. You are unused to rowing, I presume?"

"Sir," I answered, "it was chiefly owing to the hot-headedness of Scarlet Sam, the Scourge of the South Seas."

"I beg your pardon?" said Mr. Selwyn with raised brows.

"Sir," I went on, "at this moment you probably believe yourself to be Mr. Selwyn of Selwyn Park. Allow me to dispel that illusion; you are, on the contrary, Don Pedro Vasquez da Silva, commanding the Esmeralda galleasse, bound out of Santa Crux. In us you behold Scarlet Sam and Timothy Bone, of the good ship Black Death, with the 'skull and cross-bones' fluttering at our peak. If you don't see it, that is not our fault."

Mr. Selwyn stared at me in wide-eyed astonishment, then shrugging his shoulders, turned his back upon me and paddled away as best he might. "Well, Imp," I said, "you've done it this time!"

"'Fraid I have," he returned; "but oh! wasn't it grand—and all that about Don Pedro an' the treasure galleon! I do wish I knew as much as you do, Uncle Dick. I'd be a real pirate then."