Since MacCandless did not deny this Matt assumed that it was true and returned to the attack with renewed vigor.

“What do you want for her?”

“Are you acting as a broker in this matter or do you represent principals who have asked you to interview me? In other words, before I talk business with you I want to know that you mean business. I shall waste no time discussing a possible trade unless you assure me that you have a customer in sight. I am weary of brokers. I've had forty of them after that vessel from time to time, but no business ever resulted.”

“Which is not at all surprising, considering the circumstances,” Matt retorted. “If you cannot use her yourself you mustn't expect other people to be over-enthusiastic about owning her. However, I think I can find business for her, and I've come to buy her myself. You seem to think a lot of your time, so I'll conserve it for you. I'm the principal in this deal, and if you really want to get rid of her we'll do business in two minutes.”

“Three hundred thousand dollars,” MacCandless answered promptly.

“Listen,” said Matt Peasley. “I have fifty thousand dollars of my own in bank this minute, but I will have to raise two hundred and fifty thousand more before I can afford to buy your vessel, even if we agree on that price, which does not seem probable. I'll give you two hundred and fifty thousand dollars for the steamer Narcissus; but when you turn her over to me I want a ship, not a piece of floating junk. You'll have to ship a new crank shaft, rewind the main motor, renew the Manila lines, overhaul the standing rigging, retube the condensers and dock her before handing her over to me. She's as foul as any hulk in Rotten Row.”

“Why, that will cost in the neighborhood of forty thousand dollars—nearer fifty!” MacCandless declared.

“I know. But for three hundred thousand dollars I can go to Sweden, build a smaller vessel than the Narcissus, have her right up to date, with two-thousand-horsepower oil-burning motors in her; and the saving in space due to motor installation, with oil tanks instead of coal bunkers, will enable me to carry fully as much cargo as the Narcissus. Also, I'll burn six tons of crude oil a day to your forty tons of coal a day in the Narcissus. I'll employ eight men less in my crew, and have a cleaner, faster and better ship. The motor ship is the freighter of the future, and you know it. Your Narcissus is out of date, and I'm only offering you two hundred and fifty thousand dollars because I can use her right away.”

“Young man,” said MacCandless, “you talk like a person that means business, but you overlook the fact that this company is neither bankrupt nor silly. The directors will, I feel assured, agree to do all the work you specify, but the price must be three hundred thousand. That will leave us two hundred and fifty thousand dollars net.”

“I'll split the difference with you.”