"And what to risk?" asked Uncle Vincent.

"A ship and a cargo."

"Nothing else?"

"Nothing, except the crew and the captain, and that does not reckon for much."

"Let us see," said Uncle Vincent.

"It is all seen," replied James Playfair. "You have read the Tribune, the New York Herald, The Times, the Richmond Inquirer, the American Review?"

"Scores of times, nephew."

"You believe, like me, that the war of the United States will last a long time still?"

"A very long time."

"You know how much this struggle will affect the interests of England, and especially those of Glasgow?"