'Indeed I do not. The men are all experienced sailors, and the captain ranks high among yachtsmen.'

'English yachtsmen are not particularly good judges of sailors. I tell you your skipper is no sailor, and his men are fools. If it had not been for me the Cayman would have gone to pieces on the rocks last night, and if you are to cross to St. Malo, as you talked of doing, for the regatta there, you had better sack these men and let me get you a South American crew. I know of a fellow who is in London just now—the captain of a Rio steamer, who'll send you a crew of picked men, if you give me authority to telegraph to him.'

'I don't like foreign sailors,' said Smithson, looking perplexed and worried; 'and I have perfect confidence in Wilkinson.'

'Which is as much as to say that you consider me a liar! Go to the bottom your own way, mon ami: ce n'est pas mon affaire,' said Montesma, turning on his heel, and leaving his friend to his own devices.

Had he pressed the point, Smithson would have suspected him of some evil motive, and would have been resolute in his resistance; but as he said no more about it, Smithson began to feel uncomfortable.

He was no sailor himself, knew absolutely nothing about the navigation of his yacht, though he sometimes pretended to sail her; and he had no power to judge of his skipper's capacity or his men's seamanship. He had engaged the captain wholly on the strength of the man's reputation, guaranteed by certain certificates which seemed to mean a great deal. But after all such certificates might mean very little—such a reputation might be no real guarantee. The sailors had been engaged by the captain, and their ruddy faces and thoroughly British appearence, the exquisite cleanliness which they maintained in every detail of the yacht, had seemed to Mr. Smithson the perfection of seamanship.

But it was not the less true that the cleanest of yachts, with deck of spotless whiteness, sails of unsullied purity, brasses shining and sparkling like gold fresh from the goldsmith's, might be spiked upon a rock, or might founder on a sand-bank, or heel over under too much canvas. Mr. Smithson was inclined to suspect any proposition of Montesma's; yet he was not the less disturbed in mind by the assertion.

The day wore on, and the yacht sailed merrily over a summer sea. Mr. Smithson fidgeted about the deck uneasily, watching every movement of the sailors. No boat could be sailing better, as it seemed to him; but in such weather and over such waters any boat must needs go easily. It was in the blackness of night, amidst the fury of the storm, that Montesma's opinion had been formed. Smithson began to think that his friend was right. The sailors had honest countenances, but they looked horribly stupid. Could men with such vacuous grins, such an air of imbecile good-nature, be capable of acting wisely in any terrible crisis?—could they have nerve and readiness, quickness, decision, all those grand qualites which are needed by the seaman who has to contend with the fury of the elements?

Mr. Smithson and his guests had breakfasted too late for the possibility of luncheon. They were in Cowes Roads by one o'clock. A fleet of yachts had arrived during their absence, and the scene was full of life and gaiety. Lady Lesbia held a levée at the afternoon tea, and had a crowd of her old admirers around her—adorers whose presence in no wise disturbed Horace Smithson's peace. He would have been content that his wife should go through life with a herd of such worshippers following in her footsteps. He knew the aimless innocence, the almost infantine simplicity of the typical Johnnie, Chappie, Muscadin, Petit Creve, Gommeux—call him by what name you will. From these he feared no evil. But in that one follower who gave no outward token of his worship he dreaded peril. It was Montesma he watched, while dragoons with close-cropped hair, and imbecile youths with heads rigid in four-inch collars, were hanging about Lady Lesbia's low bamboo chair, and administering obsequiously to the small necessities of the tea-table.

It was while this tea-table business was going on that Mr. Smithson took the opportunity of setting his mind at rest, were it possible, as to the merits of Captain Wilkinson. Among his visitors this afternoon there was the owner of three or four racing yachts—a man renowned for his victories, at home and abroad.