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There was a board of directors who looked after all business matters, and Joe was soon in consultation with them, laying before them Mr. Waldon's letter and the two marked tickets. "It would take an expert to tell them apart," said Mr. Moyne, as he examined the coupons closely. "Well, what are we to do?"

Jermyn's own medicine chest! We hurried back to the deck, and a few minutes later the doctor appeared with a large package. "Did you ever hear of coating the skin by a substance which is impervious to water, smooth and elastic?" asked Kennedy quietly as Waldon's tender sped along back to Seaville. "Why er, yes," he said frankly, raising his eyes and looking at Craig in surprise.

"You know," says he, "I need but a few little intimate facts about 'King' Waldon's appearance and character, and I can make him stalk through my story as truly alive as when he was in the flesh. If he were alive I should not need your assistance, Captain; one look at the man and I could paint him in his true colors. I have that gift.

But the strange part of the story is, Florence Waldon's brother, Garth, had settled on that farm over there, the other side of the pine-wood. She had two other brothers, one a talented editor in the States, the other a successful lawyer. Garth, too, was a bright, original fellow; he had a high standard of farm life, and he lived up to it.

Hence, he was honoring a cargo carrier with his presence instead of taking his ease upon a mail-boat. Captain Shreve must tell him all he knew about the "king." He was intensely interested in the subject. Splendid material, you know. That romantic legend of Waldon's arrival in the islands too good to be true, and certainly too good not to put into a book. Was Captain Shreve familiar with the tale?

"We have an idle afternoon ahead of us, and I'll gladly spin the yarn. You say, sir, you are interested in ships, and sailors, and, particularly, in 'King' Waldon's history. Well, perhaps you may find some material of use in this tale of mine; though I fear my lack of skill in recounting it may offend your trained mind. "Yet it is simply life and living this yarn.

As it was I had a veritable madman to deal with while Kennedy gathered up leisurely the wireless outfit he had installed on the deck of Waldon's yacht. It was only by telling him that I would certainly demand that Kennedy leave him behind if he did not control his feelings that I could calm him before Craig had finished his work on the yacht.

The rest is dispersed in the atmosphere. There must be a good deal of such stray electrical energy about Seaville. Isn't it possible that it might hit some one somewhere who was susceptible?" Kennedy said nothing. Waldon's was at least a novel idea, whether it was plausible or not.

"Now, my good fellow," said I, "you have done us one good turn for pay, you must do another for friendship. We are strangers here, and you must take us to the foot of Waldon's Ridge, and then we will release you."