do not like to work aboard the submarines, very likely we can find work
for you at something in this yard."

Jacob Farnum exchanged a few words in an undertone with David Pollard.
Now, the boat builder faced about.

"Mr. Melville," he began, "Mr. Pollard and I feel under a debt of deep
obligation to Captain Benson and his mates. Boys though they are, they
have done much to make the 'Pollard' as famous as it already is.
Between an intelligent employer and a capable, honest employe there can
be no question about gratitude. I speak for both Mr. Pollard and myself,
therefore, when I say that it is our feeling that Captain Benson and his
mates must continue in their present positions."

The color came back to Jack's face. Joy beamed out in his eyes. Hal
looked as though he had been given a new lease of life.

"Hooray!" roared Eph. He gave two vigorous jig steps, then stopped,
abashed.

"Excuse me, Mr. Farnum," he begged, shamefacedly.

"I do not think you quite understand," went on Mr. Melville, regarding
the boatbuilder coldly. "The placing of my son as I have indicated is
an absolute condition on the part of our group."

"And I have declined it," returned Mr. Farnum rising, and standing
easily.

"Then you do not want our capital, Mr. Farnum?" sternly demanded Mr.