Quite as pleasant as the rides in the carriages were the excursions made in the boats of the fleet. On one occasion all the boats of the squadron, sixteen in number, made an excursion to the dock-yard. In the waters of Grassy Bay they gave an exhibition of the skill of the students in handling the cutters, which drew cheers of approbation from the naval officers and others who witnessed it. When the display was over, the boats’ crew visited the dock-yard, and one of the men-of-war in port. They were courteously shown all over the yard, and the operation of the floating-dock was explained to them.

On the last day of the month the fleet left the harbor of Hamilton, and sought an anchorage in a retired bay, about three miles from the town. Here the squadron was entirely landlocked, and the water was as smooth as a millpond. The four academical craft were moored alongside each other, so that the professors could pass from one to the others without the use of the boats. Early in the morning the examination was begun. It was continued for three days; but it was understood that the result would give the officers and students their positions for three months, instead of one as before; for such a thorough examination was not possible more than once in a quarter.

All the ambitious students had been at work very diligently for the last two months, preparing for this great event. Tom Speers and Capt. O’Hara had given very little time to frolic and sight-seeing during the time the fleet had been at the Bermudas; but had been studying night and day. The officers of the American Prince had not been so diligent; for most of them had held their positions so long that they felt almost sure of them in the future, whatever system of promotions might be adopted.

On the morning of the fourth day, all hands were mustered under the awnings on the deck of the American Prince to learn the result of the examination. The principal took the rostrum which had been built for this occasion; and an anxious silence followed his appearance. He held in his hand the paper on which the fate of every officer and seaman was written down.

“Young gentlemen,” Mr. Lowington began, “I am well aware that the changes proposed to-day will amount to a revolution. About the middle of the month, after the new crews of the several vessel have been trained to their duties under the different order of things, the squadron will sail for Brockway, the former headquarters of the fleet. When we have obtained a new register for the Ville d’Angers, she will be called the Frisbone.”

In spite of the anxiety that pervaded the audience of the principal, this announcement was received with the most tremendous applause. The Prince, who was present with his wife and Miss Louise, felt called upon to make a speech, acknowledging the honor conferred upon him. He would rather have his name on the stern of a vessel used for the purpose to which the “Frisbone” was to be applied, than on that of the biggest ocean steamer that could bear it to the most remote regions of the earth.

“The Frisbone will take the place of the Josephine and the Tritonia, after she has been properly fitted for the purpose. With the two steamers, which will not have to wait for any sailing-vessels, we may make a voyage around the world; for I intend to re-organize the squadron, on a much more extensive plan of study. But this will not be done till the end of the quarter upon which we have now begun.

“The Frisbone will now be officered in the same manner as the schooner, with a captain, four lieutenants, and four masters. The office of purser and midshipman on board of the Prince will be abolished, so that there will be only nine cabin officers on board of each vessel. The two engineers of the Frisbone will be relieved from further duty in that department. The Prince will have forty-eight petty officers and seamen, and each of the other vessels thirty-six. Since the late Commodore Cantwell left the academy squadron, the office he held has not been filled, for the reason that those who came out the highest preferred the more active position of captain. We shall in future dispense with this ornamental figure-head.

“In addition to the choice of offices, each student will be entitled to elect in which of the four vessels he will serve for the coming quarter, until the complements are complete. Some exchanges may be allowed in the end, for I am not disposed to separate friends unnecessarily; but all such must be on equal terms, and by agreement between those exchanged.”

The principal paused to put on his glasses, and the students improved the opportunity to applaud the plan laid down.