Walter, radiant of countenance, was waiting on the dock to welcome them.

It took Charley several minutes to regain his sleep-scattered wits.

"How much did they weigh?" he asked eagerly, as he wrung his chum's hand in congratulation.

"Just an even hundred and fifty thousand pounds," Walter said.

"Good! at two cents a pound, that's three thousand dollars."

"Better than that," beamed his chum. "Owing to the scarcity of fish, the market has gone up a cent a pound."

"Four thousand five hundred dollars," cried Charley, in delight. "Over two thousand dollars to be divided up amongst us four. It's almost too good to be true."

"And that's not all," added Walter, eagerly. "We are not going to lose much on the launch, after all. Mr. Daniels says she was insured for nearly her full value."

"All's well that ends well," Charley commented. "We have not come out of our fishing venture so badly after all."