"Ah, Gilray!" the merchant began, "is Mr. Dimsdale in the office?"

"Yes, sir."

"That's all right. He seems to be very regular in his attendance."

"Very, sir."

"And seems to take to the business very well."

"Uncommonly quick, sir, to be sure," said the head clerk. "What with work among the ships, and work in the office, he's at it late and early."

"That is very right," said the old man, playing with the letter weights. "Application in youth, Gilray, leads to leisure in old age. Is the Maid of Athens unloading?"

"Mr. Dimsdale has been down to her this morning, sir. They're getting the things out fast. He wants to call attention to the state of the vessel, Mr. Girdlestone. He says that it's making water even in dock, and that some of the hands say that they won't go back in her."

"Tut! tut!" John Girdlestone said peevishly. "What are the Government inspectors for? There is no use paying them if we are to inspect ourselves. If they insist upon any alterations they shall be made."

"They were there, sir, at the same time as Mr. Dimsdale," said Gilray, diffidently.

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"Well, what then?" asked his employer.

"He says, sir, that the inspectors went down to the cabin and had some champagne with Captain Spender. They then professed themselves to be very well satisfied with the state of the vessel and came away."

"There you are!" the senior partner cried triumphantly. "Of course these men can see at a glance how things stand, and if things had really been wrong they would have called attention to it. Let us have no more of these false alarms. You must say a few words on the point to Mr. Dimsdale, as coming from yourself, not from me. Tell him to be more careful before he jumps to conclusions."

"I will, sir."

"And bring me ledger No. 33."

Gilray stretched up his arm and took down a fat little ledger from a high shelf, which he laid respectfully before his employer. Then, seeing that he was no longer wanted, he withdrew.

Ledger No. 33 was secured by a clasp and lock--the latter a patent one which defied all tamperers. John Girdlestone took a small key from his pocket and opened it with a quick snap. A precious volume this, for it was the merchant's private book, which alone contained a true record of the financial state of the firm, all others being made merely for show. Without it he would have been unable to keep his son in the dark for so many months until bitter necessity at last compelled him to show his hand.