"Well, I like that. After losing your boat through your own carelessness, you want me to invest a large sum in another."

"Must I go without one, then?" asked Conrad, in dismay.

"It looks that way."

Conrad resorted to earnest entreaties. He was willing, now, to accept any sort of boat, for he was fond of rowing; but Squire Carter had just heard unfavorable reports from his broker about a speculation he had entered into, and he was inflexible.

"What a fool I was!" reflected Conrad, bitterly. "My boat was a good one, even if it wasn't as fine as Andy's, and now I have none. I shall have to borrow his or Valentine's when I want to go out rowing."

Later in the day he met Andy.

Andy had heard of Conrad's loss and was full of sympathy.

"Conrad," he said, "it's a shame about your boat being destroyed."

"Yes, it is pretty hard."

"The boys say a tramp did the mischief."