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ion of reaching the shore was not an easy one. However, Pete knew the keys thoroughly and, in response to much questioning, admitted that it was possible with only a short swim here and there, to reach a lighthouse about four miles away. The negro would have preferred to stay on the reef until morning, for he could sleep as easily on the sand as in a bed, but Mr. Murren knew that the two boys were not inured to hardship, Paul especially, and he compelled the boatman to show the way. It was a toilsome but not particularly dangerous journey, and when they reached the lighthouse, and had done full justice to a quickly-prepared meal, they were quite willing, as Paul declared, to tackle another sea-bat. There was a small motor-boat owned by the lighthouse-keeper, and the party borrowed this, reaching the _Golden Falcon_ without further misadventure, the capitalist recompensing the cowardly negro for the loss of his boat. Owing to the thorough work that had been done at Bermuda, and having the assistance of his capitalist friend, Mr. Collier speedily secured the specimens and the drawings he needed of the Florida reefs. He kept Colin hustling, but found time to enter into the question of the proposed sponge-farm with a great deal of interest, and went with a party to Anclote Key, where the Bureau of Fisheries had established a station for the investigation of the sponge industry, with especial regard to the transplanting of sponges. The government expert welcomed them heartily, and an arrangement was entered into whereby the Bureau accepted Mr. Murren's offer to use for its experiments a part of such sponge-ground as he should acquire, while he, at the same time, had the benefit of the advice of the investigators. "It seems to me," the capitalist said, when the details had been concluded, "that's about the best kind of investment I know, getting expert opinion for yourself in such a way that it benefits the whole nation." "It is, I think," the Fisheries official replied; "but you can't always get people to realize that. Why, even the State governments in many cases are not always ready to co-operate, and only last year the Assembly of a certain State refused to permit the establishment of a hatchery, because a relative of one of the assemblymen owned a summer hotel in the district, and he thought it might reduce the number of fish in a lake near the hotel." "How absurd!" "Of course, it's absurd, but it's amazing
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