"Hubbubboo," cries Jack, "now I see how it is; but I suppose, sir, your honour has got a fine dry cellar below to keep them in."

"Let me alone for the cellar," said the Merrow, with a knowing wink of his left eye.

"I'm sure," continued Jack, "it must be mighty well worth the looking at."

"You may say that, Jack," said the Merrow; "and if you meet me here next Monday, just at this time of the day, we will have a little more talk with one another about the matter."

Jack and the Merrow parted the best friends in the world. On Monday they met, and Jack was not a little surprised to see that the Merrow had two cocked hats with him, one under each arm.

"Might I take the liberty to ask, sir," said Jack, "why your honour has brought the two hats with you to day? You would not, sure, be going to give me one of them, to keep for the curiosity of the thing?"

"No, no, Jack," said he, "I don't get my hats so easily, to part with them that way; but I want you to come down and dine with me, and I brought you the hat to dine with."

"Lord bless and preserve us!" cried Jack, in amazement, "would you want me to go down to the bottom of the salt sea ocean? Sure, I'd be smothered and choked up with the water, to say nothing of being drowned! And what would poor Biddy do for me, and what would she say?"

"And what matter what she says, you pinkeen? Who cares for Biddy's squalling? It's long before your grandfather would have talked in that way. Many's the time he stuck that same hat on his head, and dived down boldly after me; and many's the snug bit of dinner and good shellful of brandy he and I have had together below, under the water."

"Is it really, sir, and no joke?" said Jack; "why, then, sorrow from me for ever and a day after, if I'll be a bit worse man nor my grandfather was! Here goes—but play me fair now. Here's neck or nothing!" cried Jack.