“The vessel is now the property of the North and South American Steamship Company; and the North and South American Steamship Company is the property of Cappy Ricks and the West Coast Trading Company, per Senor Felipe Luiz Almeida. But we must never admit this. To have the North and South American Steamship Company transfer the vessel to us would be very coarse work indeed; so we must avoid that.”

“How?”

“I'll get to that presently. The steamer is now in our possession, and you will already have notified her German skipper and crew to hunt a new residence. You will then put an American skipper in charge and ship American engineers and a crew of parrakeets; and on the very day the sale is consummated, just before the customhouse closes, have the skipper clear the vessel for Guaymas and put to sea that night. Since she carries no cargo the collector of the port will not stop you; the risk of going to sea is all our own—if we care to take it.

“The next day the newspaper boys will be hot on the trail. An interned German merchantman has suddenly transferred to Mexican registry and put to sea! Now! Inquiry at the customhouse and at the Mexican consulate shows that the vessel has been sold, and the trail leads straight to the office of the West Coast Trading Company. You are interviewed—and say nothing; and that day, when I appear on 'Change, these baffled journalists drive me into a corner and ask me what I think about it. And I'll tell them it's just another case of the lowly Mexican peon being hornswoggled by the foxy Americano. The Mexicans wanted a ship and asked the American to buy one for them. He did—only he forgot to tell them she was a German. She was such a good buy they snapped her up without asking questions, though in all probability the poor devils had no knowledge of Kaiser Wilhelm's edict that no German ships shall be sold without the consent of the German Government. I will say that it looks to me as if the ancient rule of caveat emptor applied, and that the Mexicans are stung and have no comeback. Then, again, it may be a shrewd German trick to put something over.

“Well, they make a snorting story out of what I give them; the frau's friends read it and think she's done something smart. Nobody feels sorry for a Mexican. Next morning you come out with a blast of righteous indignation and admit that you cannot or will not deny that the vessel was sold to parties representing the de facto Mexican Government. You deny, however, that you sold them a pig in a poke; and the papers print a copy of your letter to the North and South American Steamship Company specifically advising them that the vessel was a German and liable to prove an embarrassment. This, of course, clears you, and the blame for the graft is placed where it belongs—on the shoulders of the North and South American Steamship Company, which has deliberately stung the de facto government!”

“Cappy,” said J. Augustus Redell admiringly, “you're immense!”

“I accept the nomination. Upon her arrival in Guaymas the Bavarian's name is changed to La Golondrina, or Sobre las Olas, or Manana, or Poco Tiempo—whatever's right. I think we may safely gamble that she will arrive in Guaymas in the light of what the British Consul told us; and, in view of her departure unannounced, no British warship on the West Coast can get so far north as Guaymas in time to intercept her.

“Well, having changed her name, she picks up a general cargo and comes back to San Francisco, where she goes on dry dock and is cleaned and painted, has her gear overhauled, fills up with fuel oil and stores, and—but that's enough. Now comes the blow-off.

“Strange to relate, you haven't received a cent of that five-per-cent commission due you from the North and South American Steamship Company for buying the Bavarian for them. The issue is in dispute. They claim you are not entitled to any commission, because you stung them with a German vessel; and you claim you told them she was a German, but that they needed her so badly they would take a chance. Also, the fact that she went to sea that time in such a hurry, and forgot to pay for her fuel oil and stores, looks rather suspicious; so, when the vessel comes off dry dock, with about ten thousand dollars' worth of bills against her, you decide to protect your claim for the commission—and, by the Holy Pink-Toed Prophet, Gus, you libel her! The news breaks into the papers, and next day every creditor of the ship files a libel on her, also, to protect his claim. Gus, she'll have so many plasters on her she'll look like a German coming home from the war.”

J. Augustus Redell leaped from his chair and picked little Cappy Ricks up in his arms and hugged him.