And at last the arm-chair was all done, and the model was almost done; but the arm-chair was done first. And, one evening, Squire Jacob was sitting in the arm-chair before the fire, and in his hand he held the little model of the Industry, that an old sailor had carved, with his jack-knife, for his Christmas present when he went on that voyage to far countries as a little boy. The hull of that little model was made of ebony and the masts and spars were little ebony sticks; and the sails were of ivory, scraped thin, and the ropes were silk thread. And the sails were bulging, as if the wind was filling them and making them stand out from the yards. But the ivory sails were yellow with age, and the silk thread was all yellow and rotten.

That little model was only about three inches long, so that it rested easily on Squire Jacob's hand. He sat before the fire, looking at the little model, and his wife sat in another chair beside him. And their daughter, who was named Lois, was sitting in a low chair by her mother. That Lois was pretty nearly grown up. And Squire Jacob remembered, and he told his wife and his daughter Lois the things that it tells about in the Christmas Story.

When he had finished telling the Christmas Story, the door-bell rang; and Lois went to the door, and she came back and said that an old man was out in the hall, but he wouldn't come in. And Squire Jacob went out to the hall, and he came back with the old sailor who had carved the model of the brig Industry out of the real rudder of the ship. He had that model in his arms. And he set the model that he had brought in the middle of the mantel, over the fire, and sat down in the arm-chair. And Squire Jacob didn't say anything, but he handed him the little model, made of ebony and ivory.

The old sailor took the little model, and it made him remember many things; and he remembered about the old man who had carved that model and about that very voyage, for he had been one of the crew of the Industry when she went on that voyage to far countries and carried little Jacob and little Sol. And he told some stories about that sailor and that voyage that Squire Jacob was very glad to hear.

They all sat there for a long time, but they didn't say much. And the old sailor looked from the little model of the Industry, in his hand, to the big one, that was on the mantel before him; and Squire Jacob took some of the sheathing of the real Industry and put it on the fire. And it blazed up with flames that were all green and blue, and red.

"A many miles o' ocean 's in that flame," said the old sailor, "a many miles."

"And a good ship," said Squire Jacob.

"That she was," said the old sailor. "A good ship."