"Stay where you are;" and Captain Littleton descended the steep path which led to the beach. "You were going out—were you?"

"We were, sir; but it is of no consequence," replied Paul. "John says there is a new boat over by the Point, and we were about going to see her."

"Very well, I will go with you;" and Captain Littleton stepped into the boat.

"Our boat is not a very nice one for you to sail in," apologized Paul.

"I have been in worse ones than this, Paul; and I have seen the time when I would have given all I had in the world for even so dingy a boat as this."

"When was that, sir?" asked John, very promptly; for he stood his ground, unawed by the dignity of the richest man in Bayville.

"Get your boat under way, and I will tell you about it," replied Captain Littleton.

Paul shook out the mainsail, and then pushed off the boat, while John hoisted the jib. The former then took his place at the helm, and the latter seated himself amidships, both eager to hear the story of the captain. It was fortunate for them that the old Blowout was a very heavy sailer; otherwise they could not have obtained the whole of the story, which was long and very interesting and exciting. We have not space to repeat the story, but it was all about a shipwreck, and clinging to a broken spar for forty-eight hours, without food or water, and being rescued when life was nearly gone.

"So you see, Paul, I should have been very comfortable even in a worse boat than yours," added the story-teller, as he completed his narrative.

"I should like to be shipwrecked once," said John, musing.