"It seems to me you are laying out a great undertaking, Royal," said Mrs. Dornwood.

"If I can make honest and useful men out of even half a dozen boys like the members of the Goldwing Club, who are in danger of going to ruin, my money will be well spent. A kind Providence permitted me to make a fortune before I was forty-five, though I had to work hard for it. I have no wife, no children. I think I can realize more enjoyment from a portion of my money in this way than I can in any other. It is wholly to my taste and fancy, this scheme of mine; and it holds out to me a thousand times as much pleasure as any business enterprise I can think of. That's the whole of it, Patty."

"It is a good deal better to use your fortune in that way than to risk it in speculating in stocks, as a great many rich men do," added Mrs. Dornwood sagely. "But it seems to me that you mean to work the boys very hard,—from morning till night from one year's end to the other."

"But I mean that they shall have abundance of recreation. They will be the crew of the Sylph; they shall have hours for their games; they shall have plenty of reading, both for recreation and for study: and if they don't enjoy themselves from morning till night, and from one end of the year to the other, it will be my fault as well as their own."

"When will this thing begin?" asked Dory.

"I intend to make a beginning by the first of September next. Patty, you must move up to Beech Hill at once, now that Theodore has given up the boating-business. You may tell the other members of the Goldwing Club all about my plan, my boy. I have seen the parents of some of them. They can see their friends as often as they please, and spend Sunday at home if they wish. If you see any other boys like those of your club, you may report them to me; but don't ask them to come to the school, or hold out any inducements to them. I must pick the boys myself."

"But I must take time to sell the boat I bought," suggested Dory.

"You needn't sell her, Theodore. I have no sailboat of just her size, and she may be useful. Now keep cool, and remember that it will take some time to get the school into running order, and fit up our shops. But we will begin the scholastic work at once, so that the boys will not lose what they have learned in school."

Captain Gildrock talked about his plan till dinner-time; and the skipper of the Goldwing was so delighted with it, that he felt as though he wanted to fly. He went all over the estate at Beech Hill, and examined the boats with a professional eye. In the middle of the afternoon the family started for home in the schooner.

In the evening Dory went to see all the members of the Goldwing Club, and their eyes were as big as saucers while they listened to the notable scheme of the retired shipmaster. They were quite as enthusiastic as Dory over the idea. The next day their mothers had consented to their joining the embryo school, which was as yet without a name.