'Whales are beautiful beasts,' he said affectionately. 'We've a contract with a Scotch firm for every barrel of oil we can deliver for years ahead. It's reckoned the best for harness-dressing.'

He went on to tell me how a swift ship goes hunting whales with a bomb-gun and explodes shells into their insides so that they perish at once.

'All the old harpoon and boat business would take till the cows come home. We kill 'em right off.'

'And how d'you strip 'em?'

It seemed that the expeditious ship carried also a large air-pump, and pumped up the carcass to float roundly till she could attend to it. At the end of her day's kill she would return, towing sometimes as many as four inflated whales to the whalery, which is a factory full of modern appliances. The whales are hauled up inclined planes like logs to a sawmill, and as much of them as will not make oil for the Scotch leather-dresser, or cannot be dried for the Japanese market, is converted into potent manure.

'No manure can touch ours,' said the shareholder. 'It's so rich in bone, d'you see. The only thing that has beat us up to date is their hides; but we've fixed up a patent process now for turning 'em into floorcloth. Yes, they're beautiful beasts. That fellow,' he pointed to a black hump in a wreath of spray, 'would cut up a miracle.'

'If you go on like this you won't have any whales left,' I said.

'That is so. But the concern pays thirty per cent, and—a few years back, no one believed in it.'

I forgave him everything for the last sentence.