“Yes, sir. You would. And take it as a matter of business. You’d be on the trade route, or jolly near it, between the crackers; besides being able to flank the overland route from Panama to Portobel. They’d never set still to let you establish yourself among them. Why, you’d as well ask them to cut their own throats. You’d have to destroy their towns first. Portobel’s nothing very much. It’s been took twice within the last few years; but you can never really settle Portobel till you settle Panama; and to do that you’d want a fleet in the South Sea to settle Lima. To make yourself secure. Quite secure. Secure enough for the King of England to back you up. You know what that means. The enemy beat, and the spoils your own, that’s what makes King James your friend. God save him, I say, and bring him glory. To put yourself in that position, you’d have to take the two big naval ports on the North Sea, both of them. Carta-Yaina and La Vera Cruz. For jabbing an enemy’s no use at all. A prick here and there’s nothing. Nothing at all. Smash the naval ports first, and then the place is your own. Go for the main stem and you’ll get the whole tree. Upset Carta-Yaina alone, and La Vera Cruz wouldn’t bother you very bad; but till Carta-Yaina’s yours---- Well, honestly, Captain Margaret, you’ll never be let settle down, not on the Isthmus. But. I don’t know so much. It might. I’ll think it over.” During Cammock’s speech, Stukeley had made occasional offensive interruptions; but he said nothing when Cammock ended. Olivia, being ignorant of the exact nature of the question discussed, through her ignorance of geography, waited for her husband to speak. Perrin, who had gone into the matter thus far with Margaret, to his own boredom, now waited, half asleep, for his friend to say something more. He hoped that no one would ask him for an opinion that evening. He knew nothing much about it, one way or the other, and cared little; believing only that his friend, who could do no wrong, would be the man to uphold against all comers. As the active part of him, never very violent now, was idle to-night, he gave himself up to torpor, keeping his mind a blank, paying little attention to the words of any one. To Cammock, whom he liked, he was polite. Indeed, Cammock’s glass was seldom less than half-full all through the evening. Now and then he wished that the meeting would end, so that he could turn in. He lay back in his chair, looking at the faces of the company, wishing that he had his friend’s charm, and Cammock’s bodily strength, and Stukeley’s insolent carriage. It must be good, he thought, to be indifferent, like that, to people’s feelings. And if he had all three gifts, what would he do with it? He looked at Olivia, as she sat there, upright in her chair, listening carefully to all that he said. “Yes,” he thought, “you’re taking it all in, all that you understand, and thinking what you’ll make your husband do. And you’re beautiful,” he added to himself.