“Before the schooner is overhauled?” inquired Bax, in surprise.

“Of course,” said Denham, stiffly; “I see no occasion for another overhaul. That schooner will cost us more than she is worth if we go on repairing at the rate we have been doing the last two years.”

“She needs it all, sir,” rejoined Bax, earnestly. “The fact is, Mr Denham, I feel it to be my duty to tell you that there ain’t a sound plank or timber in her from stem to stern, and I’m pretty sure that if she costs you money, she’s likely to cost me and the men aboard of her our lives. I strongly advise you to strike her off the books, and get a new one.”

“Mr Bax,” said Denham, pompously, “you are too young a man to offer your advice unless it is asked. I believe the engineer employed by me to examine into the condition of my vessels is quite competent to judge in these matters, and I have unbounded confidence in him. When I placed you in command of the ‘Nancy,’ I meant you to navigate, not to criticise her; but if you are afraid to venture—”

“Afraid!” cried the young sailor, reddening. “Is anxiety about the lives of your men and the safety of your property to be called fear? I am willing to sail in the ‘Nancy’ as long as a plank of her will hold to her ribs, but—”

Bax paused and bit his lip, as if to keep back words which had better not be spoken.

“Well, then,” rejoined Mr Denham, affecting to disregard the pause, “let me hear no more about repairs. When these require to be done, they shall be done. Meanwhile, go and make preparation to sail by the morning tides which serves about—what hour, think you?”

“Flood at half after six,” said Bax, curtly.

“Very well, come up here at half-past five, one of the clerks will see you. You will have to run down to Dover in the first place, and when there my agent will give you further instructions. Good afternoon!”

Bax rose and quitted the room with a stern “Good day, sir.”