Mrs. Taylor had not seen her son since the examination at the office of Squire Norwood, but she had heard that he returned from Mount Desert late at night, and had gone to Belfast early in the morning. Bobtail had begun to relate his adventures at Mount Desert, when Squire Gilfilian presented himself at the door. It was known now that the Skylark had been to Bar Harbor, with Mr. Hines and the deputy sheriff as passengers. The young skipper had told this the night before, but nothing more—not even that his passengers had not returned with him. The squire had heard this report, and he was anxious to know the result of the visit.

"Good afternoon, Mrs. Taylor," said the lawyer. "I am glad to find your son here, for I want to talk with him. But I wish to say to you, in the first place, that I don't consider that mortgage fairly cancelled."

"Why not? Didn't I pay you the money?" asked Mrs. Taylor, very much alarmed.

"You did, but that bill was already mine. Mr. Slipwing sent me five hundred dollars, and I have received it—the very bill he sent. From you and from him I ought to have a thousand dollars, but I have only half that amount."

"Am I to lose that money?" demanded the poor woman.

"Well, am I?" echoed the squire, with a bland smile. "If my horse is stolen, I take him wherever I find him, and whoever has bought or sold him."

The lawyer was talking to a woman knowing but little of law and business, and he was doubtful himself whether he could claim that bill after it had passed, in good faith, through the hands of several persons.

"I don't think it's right," protested Mrs. Taylor.

"Nor I, either," added Bobtail. "My mother didn't steal it, and I didn't steal it."

"No one knows who did steal it," said the squire. "Captain Chinks still contends that you took the letter, my boy; and he has gone down to Bar Harbor to ascertain how the bill got there. He thinks you heard of that boat, and sent some one down to buy her. He means to look up the case."