Laud talked till it was nearly dark; but Donald was firm, and at last he carried his point.

"I will give the three hundred and fifty, because I want her very badly; but it's a big price," said Laud.

"It's dog cheap," added Donald, who was beginning to think how he should manage the business without informing the purchaser that the Juno was his own property.

Donald was a young man of many expedients, and he finally decided to ask Captain Shivernock to exchange the bill of sale for one conveying the boat directly to Laud Cavendish. This settled, he wondered how Laud expected to pay for his purchase, for it was utterly incredible to him that the swell could command so large a sum as three hundred and fifty dollars. After all, perhaps it would not be necessary to trouble the captain about the business, for Donald did not intend to give a bill of sale without the cash.

"When do you want to close the trade?" he asked.

"I thought we had closed it," replied Laud.

"You want a bill of sale—don't you?"

"No, I don't; I would rather not have one. When I get the boat, I know how to keep her. Besides, you will be a witness that I have bought her."

"That isn't the way to do business," protested Donald.

"If I'm satisfied, you need not complain. If I pay you the cash down, that ends the matter."