"Isn't she a beauty!" ejaculated John.

"A perfect beauty," added Paul, with enthusiasm. "She will sail like a bird."

"You see she has air chambers at the bow and stern," said Captain Littleton. "You cannot sink her."

The boys examined her from stem to stern, and their eyes sparkled with pleasure, as they rested upon her useful and elegant appurtenances. John looked over her gracefully rounded stern, and found there the words, Fawn—Bayville, in raised gilt letters; and he immediately gave utterance to his opinion that the Fawn of Bayville couldn't be beaten.

"How do you like her, Paul?" quietly asked Captain Littleton.

"First rate, sir; she is the finest boat I ever saw."

"Do you think she would sail well?"

"I know she would."

"Suppose we try her. You may hoist the fore and main sails."

"Does she belong to you, sir?"