The auctioneer paused and looked critically at the throng. Several persons smiled. Tom looked worried. He had no idea that the price would start so high.

"Well, perhaps that is a bit stiff," went on Mr. Wood. "Shall we say four hundred dollars? Come now, I'm sure it's worth four hundred. Who'll start it at four hundred?"

No one would, and the auctioneer descended to three hundred, then to two and finally, as if impatient, he called out:

"Well, will any one start at fifty dollars?"

Instantly there were several cries of "I will!"

"I thought you would," went on the auctioneer. "Now we will get down to work. I'm offered fifty dollars for this twenty-one foot, ten horsepower family launch. Will any one make it sixty?"

"Sixty!" called out Andy Foger in a shrill voice. Several turned to look at him.

"I didn't know he was going to bid," thought Tom. "He may go above me. He's got plenty of money, and, while I have too, I'm not going to pay too much for a damaged boat."

"Sixty I'm bid, sixty—sixty!" cried Mr. Wood in a sing-song tone, "who'll make it seventy?"

"Sixty-five!" spoke a quiet voice at Tom's elbow, and he turned to see the mysterious man who had joined the crowd at the edge of the lake.