“You and Mr. Skinner get along all right?” he queried.

“Oh, yes, sir.”

“I'm very glad to hear that. You've been substituting for Miss Keenan, haven't you?”

“Yes, sir.”

“Well, you can have the job for keeps if you want it. You suit me. Take letter: 'Miss M. Keenan—' I called her Matilda, but her name's Mary; so let it go at that.

“My dear Miss Keenan: Captain Murphy arrived on the Timaru, with the information that he had taken a chance and left our affairs in the laps of the gods and the capable hands of his understudy. It has been pretty tough sledding waiting for the next Australian steamer, but, thank God! she made port yesterday and your report of the success of your mission is before me. I thank you. Yen're a good girl, and I am very happy to learn of your engagement to Captain Murphy. He is a splendid fellow and I am sending him back to Papeete in command of our Amelia Ricks, which has been fitted up as a wrecker, to raise the Valkyrie. You had better wait in Papeete and marry him there, as I am opposed to long engagements among my employees; and Michael will do better and faster work if he settles all his personal worries before tackling those of the Blue Star Navigation Company.

“On his return with the Valkyrie I shall make him port captain of the Blue Star Fleet, which job will keep him home nights. And since, by his ingenuity, he succeeded in purchasing for twenty-two thousand five hundred dollars a piece of property for which I was prepared to pay as high as seventy-five thousand dollars, for your wedding present I shall allot you and Captain Murphy a ten-thousand-dollar piece of the Valkyrie. It should earn you thirty per cent and make you independent in your old age.

“Very sincerely—”

Cappy Ricks ceased dictating and clawed his whiskers reflectively.

“Yes,” he murmured irrelevantly; “I guess that's considerable of a knock-out from an old fogy who's lost his punch!”