Both Farnum and Pollard looked somewhat grave when this knowledge was first brought to them by Eph Somers, who had a great knack for picking up local news. However, the young builder was quick to cheer up.

"So we're to have a rival yard, and the 'Pollard' is to have a rival?" said Mr. Farnum. "Competition ought to stir us forward to the very best that is in us. Somers, ask Captain Benson and Hastings to come here. We'll talk this matter over."

Twenty minutes later the few devoted friends of the "Pollard" boat were gathered around Mr. Farnum's desk.

"Unless I'm in great error," said the young boatbuilder, "we're in for a lively rumpus, now. Melville is aroused over our refusal to let him in to this enterprise, and he's starting an opposition. He can command a great deal of money, and I understand that he has a good many influential friends in Washington. If he can carry on the most successful rivalry, he may do us a great deal of harm. For instance, if he can build so fine a boat that he can put ours in the shadow. In fact, while I don't mean to be a quitter or a skulker, I'll admit that Melville may possibly be able to dig a hole and drop us into it. If he produces a type of boat that goes far ahead of ours, then the Government is likely to buy his, overlook ours and leave me stranded financially. About all I'm worth is tied up in the present 'Pollard' and in the new torpedo submarine that I'm now building."

"He can't invent or build a finer submarine than the 'Pollard,'" declared
Captain Jack, with conviction.

"Nor get as fine a crew to handle his craft," added David Pollard.

"Don't be too sure of that," warned Jack, Soberly. "I think we fellows have done fairly well with your boat, up to date. But suppose Mr. Melville should be able to get a lot of experienced submarine men, and even, perhaps, an officer, from the United States Navy. We boys could hardly beat such a combination as that."

"I'm not so sure that you're right on this point, Jack," clicked Mr. Farnum. "I'll say this much: It would make me more uneasy to lose the services of you boys than it would to hear that Melville has a Navy crew for the boat he's building."

"Of course," went on Jack, thoughtfully, after a pause, "if you, Mr. Farnum, could interest all the capital you want, on your own fair conditions, you wouldn't have to be afraid of this man Melville."

"No," admitted the boatbuilder, making a wry face. "But getting all that capital together is the problem. You see, Jack, we know just how good a boat we have, but others don't."