"Chalk is set on a trip for the love of it," explained Mr. Tredgold.

"If we take on the contract, he ought to pay a bigger share, then," said the other, firmly.

"Perhaps he will," said Tredgold, hastily.

Mr. Stobell pondered again and, slightly raising one hand, indicated that he was in the throes of another idea and did not wish to be disturbed.

"You said it would be experience for Edward to be left alone," he said, accusingly.

"I did," was the reply.

"You ought to pay more, too, then," declared the contractor, "because it's serving of your ends as well."

"We can't split straws," exclaimed Tredgold, impatiently. "If the captain consents we three will find the money and divide our portion, whatever it is, equally."

Mr. Chalk, who had been in the clouds during this discussion, came back to earth again. "If he consents," he said, sadly; "but he won't."

"Well, he can only refuse," said Mr. Tredgold; "and, anyway, we'll have the first refusal. Things like that soon get about. What do you say to a stroll? I can think better while I'm walking."