Captain Calamity appeared to be one of those men who, for various reasons and often through force of circumstances, have drifted into the backwaters of civilisation to a life of semi-barbarism. Men of this sort are to be found all over the New World, but more particularly in the luxuriant islands of the South Pacific, where life can be maintained with a minimum of effort. Some are mere beachcombers, derelicts for whom the striving, battling world has no further use. Some are just "remittance men," social outcasts, bribed to remain at a safe distance from their more respectable relatives.

A few, a very few, are men obsessed by a spirit of adventure; men who can find no scope for their superabundant energy and vitality in the overcrowded, over-civilised cities of the world. Of such as these was Captain Calamity. Yet his past was as much a mystery to those who knew him as was the origin of the suggestive name by which he was known throughout the Pacific. No one—until to-day, not even Isaac Solomon—had the slightest inkling of his real name. And, as might be expected under such circumstances, various stories, each more incredible than the last, were current among the islands concerning him. Still, the one most generally believed, no doubt because it sounded romantic, described him as an ostracised member of an aristocratic English family upon whom he had in earlier years brought disgrace.

But, whatever the truth might be, Calamity never by any chance referred to his past, and, as to the stories concerning himself, he did not take the trouble to deny or confirm them.

For some days after his interview with Mr. Solomon Calamity was busily engaged in collecting a crew—a crew which, as the Hawk was to be a fighting ship, would have to consist of about thrice the number which she would have carried as a merchantman. So far as deck-hands and firemen were concerned this was fairly easy, but when it came to finding officers and engineers the task proved much more difficult. Men of this class, who, for some reason or other, found themselves adrift in Singapore without a ship, fought shy of the notorious skipper. They believed—and probably with very good reason—that to sail under him would ruin all prospects of getting a job with a reputable firm again. So, while willing enough to absorb "pegs" at the Captain's expense, they politely declined his offers of a berth on the Hawk.

Eventually, he ran across an engineer who had made several voyages with him on trading and pearling expeditions; one Phineas McPhulach, a little, red-haired Scotsman with no professional prospects, but an unlimited capacity for death-dealing drinks. McPhulach, being in his customary state of "down and out," and having no future that necessitated consideration, eagerly accepted the berth of chief-engineer which Calamity offered him. Moreover, he was able to introduce a companion in misfortune named Ephraim Dykes. Mr. Dykes was a lean, lanky individual, with a cast in one eye, and an accent that proclaimed him a native of New England. He had once held a master's certificate, but this, it appeared, had been suspended indefinitely owing to his ship having piled herself up on a reef off New Guinea. Therefore, when Calamity proposed that he should ship as first mate, he was quite willing, as he put it, to "freeze right on."

Partly through the instrumentality of this latter acquisition, Calamity was able to secure a second mate in the person of Mr. Sam Smith, a little Cockney of unsober habits. A second engineer named Sims, a taciturn man of middle age, was also picked up, and thus Calamity succeeded in collecting a ship's company suitable in quantity if not in quality.

In the meantime, Mr. Solomon had also been busy. On the day following his entry into partnership with Calamity, he went to Johore and paid an afternoon call on Mr. Rossenbaum, a gentleman of similar persuasions to his own. For some weeks past they had been haggling over a business deal, which, up to that day, had not been settled. Mr. Rossenbaum possessed a steamer which he wanted repaired, and Mr. Solomon had the docking facilities necessary for the job, and the only thing which had so far stood between them was a difference of opinion as to price.

The meeting between these two gentlemen afforded a magnificent piece of acting. Both appeared to have forgotten all about the subject over which they had been negotiating, and conversed amicably on neutral topics. The war, of course, came up for discussion, and this led Mr. Solomon to remark that money was scarce. Mr. Rossenbaum agreed, not only because it was the truth, but because he had always maintained this view, even when money was plentiful.

Mr. Solomon went on to say that, in consequence of the said scarcity of coin, he was now obliged to undertake contracts on unremunerative terms, simply for the sake of the cash. Mr. Rossenbaum expressed his sympathy and added, as though the matter had never before been mentioned between them, that he had a steamer laying up, solely because he was unable to pay the extortionate prices demanded by ship-repairers for overhauling her.

This was tantamount to a challenge, and Mr. Solomon accepted it. For a time they fenced and dodged, but at last, casting aside all pretence, came to grips over the bargain. It was a combat of wits between two men as well matched as any in the world, and it lasted well into the afternoon. Eventually Mr. Solomon made a great business of giving way and agreed to accept the contract on the amended terms if half the money were paid in advance. Mr. Rossenbaum reluctantly consented on condition that he was allowed 5 per cent discount on the advance. Mr. Solomon nearly fainted, and, with tears in his eyes, declared that if he agreed ruination would stare him in the face. Finally, he consented to a 2-1/2 per cent discount, and the business was concluded at last. Each, on parting, assured the other that he had spent one of the most enjoyable days of his life, and this was probably the only truthful statement either had made throughout the interview.