"That is a fine boat you have there, Mr. Gale," he said.

"So I think," returned the young man. "I feel quite satisfied with it"

"When did it come down?"

"I only received it this morning."

"How much did it cost?" asked Conrad, who was not troubled by bashfulness.

"A small fortune," answered Walter Gale, with a smile. "I am afraid I must decline to give the exact figures."

"I asked because I may ask my father to buy me one like it."

Conrad was perfectly well aware that such a request would be promptly denied. Squire Carter was not disposed to be extravagant, and he had even hesitated for some time before incurring the outlay required for Conrad's present boat.

The new boat was so elegant, so graceful, and so thoroughly finished in every part, that Conrad could not help coveting it. He was not very much to be blamed, for it was one that would captivate the fancy of any boy who was fond of the water.

"I should like to try the boat some time, Mr. Gale," he said.