ney was in my own hands," continued Ready, "I began to
squander it away in all manner of folly. Fortunately, I had not
received it more than ten days, when the Scotch second mate came like a
guardian angel to save me. As soon as I had made known to him what had
taken place, he reasoned with me, pointed out to me that I had an
opportunity of establishing myself for life, and proposed that I should
purchase a part of a vessel, on condition that I was captain of her. I
liked this idea very much, and being convinced that I had been making a
fool of myself, I resolved to take his advice; but one thing only
restrained me: I was still very young, not more than twenty years old;
and although I could navigate at one time, I had latterly paid no
attention. I told Sanders this, and he replied, that if I would take
him as my first mate, that difficulty would be got over, as he could
navigate well, and that I could learn to do so in the first voyage; so
all was arranged.

"Fortunately, I had not spent above one hundred pounds of the money. I
set off for Glasgow in company with Sanders, and he busied himself very
hard in looking about for a vessel that would suit. At last, he found
that there was one ready for launching, which, in consequence of the
failure of the house for which it was built, was to be sold. He made
inquiries, and having found who was likely to purchase her--that it was
a very safe and respectable firm--he made a proposal for me that I
should take one-fourth share of her, and command her. As Sanders was
very respectable, and well known to be a steady man, his recommendation
was attended to so far that the parties wished to see and speak to me.
They were satisfied with me, young as I was, and the bargain was made.
I paid down my two thousand pounds for my share, and as soon as the
vessel was launched, was very busy with Sanders, whom I had chosen as
first mate, in fitting her out. The house which had purchased her with
me was a West India firm, and the ship was of course intended for the
West India trade. I had two or three hundred pounds left, after I had
paid my share of the vessel, and this I employed in purchasing a venture
on my own account, and providing nautical instruments, etcetera. I also
fitted myself out, for you see, William, although Sanders had persuaded
me to be rational, I was still puffed up with pride at the idea of being
captain of my own ship; it was too great a rise for one who had jus