"Where are they building her? Farnum's shipyard, you said?"

"Right over yonder," explained Mr. Holt, pointing to a high board fence that enclosed a space down by the water front. Farnum's "boatyard," as thus seen, was about an eighth of a mile from the little hotel, and looked as though it might be considerable of a plant.

"Who's in charge of the boat?" was Jack's next question.

"Well, now, that's a conundrum," replied Jabez Holt, pondering. "Jake Farnum owns the yard. Jake is a young man, only a few years out of college. He inherited the business from his father, who's dead. Jake is considered a pretty good business man, though he don't know much 'bout boats, an' can't seem to learn a heap, nuther. So Jake leans on Asa Partridge, the superintendent, who was also superintendent under old man Farnum. However, old man Farnum's line was building sailing yachts, small schooners, and, once in a while, a tug-boat. That's in Asa Partridge's line, but he won't have nothin' much to do with new schemes like diving torpedo boats."

"Then—" hinted Jack.

"I'm a-comin' on with the yarn," replied Jabez Kolt, patiently. "Now, Dave Pollard, the inventor of the boat, is a powerful bright young man, on theory, some folks says, but he ain't much use with tools in his hands. But he an' young Jake Farnum hang 'round, watching and bossing, and they have a foreman of the gang, Joshua Owen, who knows he knows most everything 'bout buildin' any kind of boat. So, barrin' the fussing of Farnum and Pollard, I guess Josh Owen is the real boss of the job, since the riveters' gang came an' put the hull together, an' went away."

"Then I suppose Mr. Owen—" began Jack.

"Ja-a-abez! Jabez Holt! Come here!" rang a shrill, feminine voice from the interior of the hotel.

"Must be goin', for a few minutes, anyway," grunted Jabez, rising and leaving the two boys. But no sooner was he out of sight than Jack Benson turned upon his chum, his eyes ablaze.

"Hal Hastings," he effused, in a low voice, "I had forgotten that Dunhaven was the home of the Pollard boat. But, since it is, and since we're here—why, here we'd better stay."