So the contest was on—the quiet, polite battle that is as old as capital itself. The men who contribute the money expect the control of the business; the men who contribute the ideas and knowledge expect, capital to be satisfied with a good return on its money.

Both sides were silent for awhile. The lawyer, tapping a pencil against his lips, knew that George Melville did not intend to go into the enterprise on any arrangement that did not allow him to gain business control swiftly and surely.

"We have much to discuss, along these lines," pursued Mr. Melville, in his smoothest tones and with his friendliest air. "But I have no doubt at all, Mr. Farnum, that we shall presently reach a basis that will be wholly agreeable to both sides."

Which, on the contrary, was what the capitalist knew to be impossible. Melville found himself wishing that something else would come into the conversation, in order to get the boatbuilder's mind briefly away from the main proposition.

Steps were heard, at this moment, in the outer office, and then the faces of Jack and Hal appeared close to the glass in the door. Eph was not far behind them.

"Oh, my crew," nodded Mr. Farnum, looking up. "You remember our experiment, the other day, of having a man leave the boat while under water? Some other problems have come up in that connection. So I sent word to the young men, asking them to step over to the office as soon as convenient. I guess they did not quite understand, and were busy at the time, so that they have come over a little too late. I will step to the door, and so inform them."

Here was the diversion for which Mr. Melville had just been wishing.

"Don't dismiss them, please," urged the capitalist. "On the contrary, will you be good enough to ask them to step in here? There is something that it might be as well to make clear before them."

Bowing slightly, as he rose, Jacob Farnum stepped to the door, opening it.

"Come right in, boys," he requested. "Mr. Melville wishes to say something before you."