But Coke was not to be cheered.

"I can see as far into a stone wall as 'ere a one an' there a one," he said, "an' there's no use blinkin' the fax. The Andromeda was a good ship in 'er day, but that day is gone. You ought to 'ave sold 'er to the Dutchmen five years ago, Mr. Verity. Times were better then, an' now you'd 'ave a fine steel ship instead of a box of scrap iron."

They were passing the rhododendrons, and Verity's quick eyes noted that a summer-house beneath the shade of two venerable elms was unoccupied. The structure consisted of a rustic roof carried on half a dozen uprights; it had a wooden floor, and held a table and some basket chairs. The roof and supports were laden with climbing roses, a Virginian creeper, and a passion flower. The day being Sunday, there were no gardeners in the adjoining shrubbery or rose garden, and anyone seated in the summer-house could see on all sides.

"Drop anchor in 'ere, Coke," said Verity. "It's cool an' breezy, an' we can 'ave a quiet confab without bein' bothered. Now, I reelly sent for you to-day to tell you I mean to better the supplies this trip—Yes, honest Injun!"—for the Andromeda's skipper had clutched the cigar out of his mouth with the expression of a man who vows to heaven that he cannot believe his ears—"I'm goin' to bung in an extry 'undred to-morrow in the way of stores. Funny, isn't it?"

"Funny! It's a meracle!"

Though not altogether gratified by this whole-hearted agreement with his own views, Verity was too anxious to keep his hearer on the present tack to resent any implied slur on his earlier efforts as a caterer.

"It's nothing to wot I'd do if I could afford it," he added graciously. "But, as you said, let's look at the fax. Wot chance 'as an iron ship, built twenty years ago, at a cost of sixteen pound a ton, ag'in a steel ship of to-day, at seven pound a ton, with twiced the cargo space, an' three feet less draught? W'y no earthly. We're dished every way. We cost more to run; we can't jump 'arf the bars; we can't carry 'arf the stuff; we pay double insurance; an' we're axed to find interest on more'n double the capital. As you say, Jimmie, wot bloomin' chanst 'ave we?"

Coke smoked silently; he had said none of these things, but when the shipowner's glance suddenly dwelt on him, he nodded. Silent acquiescence on his part, however, was not what Verity wanted. He, too, knew when to hold his tongue. After a long interval, during which a robin piped a merry roundelay from the depths of a neighboring pink hawthorn, Coke dug out a question.

"Premium gone up, then?" he inquired.

"She's on a twelve-month rate. It runs out in September. If you're lucky, an' fill up with nitrate soon, you may be 'ome again. If not, I'll 'ave to whack up a special quotation. After that, there'll be no insurance. The Andromeeda goes for wot she'll fetch."