"The Sea Foam sails well," said Robert Montague, as he walked over to the little grove with Donald.

"Very well, indeed. This is the first time she has been out, and I find she works first rate," replied Donald.

"I want to try it with her some day, when everything is right."

"Wasn't everything right to-day?" asked Donald, smiling, for he was well aware that every boatman has a good excuse for the shortcomings of his craft.

"No; my tender is twice as heavy as yours," added Robert. "I must get your father to build me one like that of the Sea Foam."

"We will try it without any tenders, which we don't want in a race."

"Of course I don't know but the Sea Foam can beat me; but I haven't seen the boat of her inches before that could show her stern to the Skylark," said Robert; and it was plain that he was a little nettled at the slight advantage which the new yacht had gained.

"I should like to sail her when you try it, for I have great hopes of the Sea Foam. If my father has built a boat that will beat the Skylark in all weathers, he has done a big thing, and it will make business good for him."

"For his sake I might be almost willing to be whipped," replied Robert, good-naturedly, as they halted in the grove.

Charley Armstrong was the oldest member of the party, and he was to call the meeting to order, which he did with a brief speech, explaining the object of the gathering, though everybody present knew it perfectly well. Charles was then chosen chairman, and Dick Adams secretary. It was voted to form a club, and the secretary was called upon to read the constitution of the "Dorchester Yacht Club." The name was changed to Belfast, and the document was adopted as the constitution of the Belfast Yacht Club. The second article declared that the officers should consist of a "Commodore, Vice-Commodore, Captain of the Fleet, Secretary, Treasurer, Measurer, a Board of Trustees, and a Regatta Committee;" and the next business was to elect them, which had to be done by written or printed ballots. As the first three officers were required to be owners in whole, or in part, of yachts enrolled in the club, there was found to be an alarming scarcity of yachts. The Skylark, Sea Foam, Phantom, and Christabel were on hand. Edward Patterdale and Samuel Rodman had signified their intention to join, though they were unable to be present at the first meeting. The Maud, as Samuel Rodman's new yacht was to be called, was to be built at once: she was duly enrolled, thus making a total of five, from whom the first three officers must be chosen.