Walter went home that night thanking his lucky stars that he had come out of a bad scrape so easily. He was thinking over the matter, when Charley burst into the room. "I say, Walt, old fel, don't you want to buy a piece of me?" he blurted out, tossing his cap on the table, and falling into a chair quite out of breath.

Walter simply stared, and for a minute the two friends stared at each other without speaking. Walter at length demanded: "Are you crazy, Charles Wormwood? What in the name of common sense do you mean?"

"Oh, I'm not fooling. You needn't be scared. Haven't you ever heard of folks buying pieces of ships? Say?"

"S'pose I have; what's that got to do with men?"

"I'll tell you. Look here. When a feller wants to go to Californy awful bad, like me, and hasn't got the chink, like me, he gets some other fellers who can't go, like you, to chip in to pay his passage for him."

"Pooh! That's all plain sailing. When he earns the money he pays it back," Walter rejoined.

"No, you're all out. Just you hold your hosses. It's like this. The chap who gets the send-off binds himself, good and strong, mind you, to divide what he makes out there among his owners, 'cordin' to what they put into him—same's owning pieces of a ship, ain't it? See? How big a piece'll you take?" finished Charley, cracking his knuckles in his impatience.

Walter leaned back in his chair, and burst out in a fit of uncontrollable laughter. Charley grew red in the face. "Look here, Walt, you needn't have any if you don't want it." He took up his cap to go. Walter stopped him.

"There, you needn't get your back up, old chap. It's the funniest thing I ever heard of. Why, it beats all!"