ared that it was in the direction of North America.

"You might do worse," said the captain, grimly.

"Chalk," said Mr. Tredgold, meditatively "Chalk favours the South. I
think that he got rather excited by your description of the islands
there. He is a very--"

"If you are going to try and find that island I spoke about," interrupted
the captain, impatiently, "I warn you solemnly that you are wasting both
your time and your money. If I had known of this voyage I would have
told you so before. If you take my advice you'll sell your schooner and
stick to business you understand."

Mr. Tredgold laughed easily. "We may look for it if we go that way," he
said. "I believe that Chalk has bought a trowel, in case we run up
against it. He has got a romantic belief in coincidences, you know."

"Very good," said the captain, turning away. "Only don't blame me,
whatever happens. You can't say I have not warned you."

He clutched his stick by the middle and strode off down the road. Mr.
Tredgold, gazing after his retreating figure with a tolerant smile,
wondered whether he would take his share of the treasure when it was
offered to him.

The anxiety of Miss Vickers at this period was intense. Particulars of
the purchase of the schooner were conveyed to her by letter, but the
feminine desire of talking the matter over with somebody became too
strong to be denied. She even waylaid Mr. Stobell one evening, and,
despite every discouragement, insisted upon walking part of the way home
with him. He sat for hours afterwards recalling the tit-bits of a
summary of his personal charms with which she had supplied him.

Mr. Chalk spent the time in preparations for the voyage, purchasing,
among other necessaries, a stock of firearms of all shapes and sizes,
with which he practised in the garden. Most marksmen diminish gradually
the size of their target; but Mr. Chalk, after starting with a
medicine-bottle at a hundred yards, wound up with the greenhouse at
fifteen. Mrs. Chalk, who was inside at the time tending an invalid
geranium, acted as marker, and, although Mr. Chalk proved by actual
measurement that the bullet had not gone within six inches of her, the
range was closed.

[Illustration: "Purchasing firearms, with which he practised in the
garden."]

By the time the alterations on the _Fair Emily_ were finished the summer
was nearly at an end, and it was not until the 20th of August that the
travellers met on Bin