"Why not?"

"We need not go into that. I bid you good day, Mr. Melville."

"You don't seem to know what you're doing, Farnum. I control millions. I also have some influence—in Washington," and the man strode from the room, leaving Jacob Farnum a bit shaken but not repenting his decision not to deal with George Melville.

"One other road is open to Melville if he but knows it," thought the boatbuilder. "One hundred and ten thousand dollars' worth of bills for materials are now a few days overdue. My creditors have faith in me, but Melville, with his money, could buy up these bills by offering a bonus and could then press me for immediate payment. If only Washington did not move, so slowly!" and the man groaned.

That same evening about ten o'clock the submarine boys were on their way from the village to the "Pollard" when they heard the fire alarm. They were in front of the volunteer fire house, and were at once pressed into service to take the place of some of the young firemen who were not at hand.

"Look!" shouted Eph Somers. "The fire is in the Melville boatyard!"

The volunteer firemen beat down the big gate of the yard with lusty blows and rolled the hand engine inside and, coupling the hose, threw a stream of water on a fiercely burning shed. Jack Benson, relieved of his task of pulling the engine, went toward the big shed where the submarine was under construction—at least, there was no other place on the premises that such work could be carried on.

Just as Jack reached the big shed some firemen battered down the door in order to turn a stream of water on the fire there. The flames lighted up the place with an intensive light, leaving no corner unilluminated. Jack, on the qui vive with interest and curiosity, looked within.

"Empty, oh-ho! What do you know about that!"

Hal Hastings came up just then and Jack said: