There are, of course, various yacht clubs that take the Solent for their province; but the admiral of them all is the “Squadron,” one of the most exclusive clubs in the world, whose members have the much coveted right to fly St George’s white pennant on their yachts, and other privileges. Its membership is the port for which some of the most sumptuous yachts are fitted out. Many a millionaire would give a large slice of his fortune for admission to this body; but ill-gotten gold that buys titles, social advantages, and lordly yachts, is not an _Open Sesame_ here; and there are aspirants who know, like Spenser, what it is in this matter “to have thy Prince’s grace and want _his_ peers’.” Princely, royal or imperial patronage is seldom wanting for the regatta at the beginning of August, with which, passing on to the coast from Goodwood, the fashionable world disperses itself for the season in the blaze of fireworks that marks the end of “Cowes week.” During this week, Cowes becomes the focus of “smart” society, money and champagne flying over it like sea spray, and all its accommodation crammed; indeed, it would have no room for half its visitors, if not a few of them did not bring their own quarters in the shape of the innumerable yachts that by day are radiant with rainbow bunting, and by night illuminate the waters of the [Illustration: YACHTING AT COWES] Solent with thousands of lights. It is said indeed that, of late years, yachting begins to decline in fashion; that the expensive craft are allowed to take longer holidays, and that “Cowes week” is not filled with such a cloud of canvas. It may well be that our “smart set” find the winds and waves disturbing to the calculations of Bridge. During Cowes’ water-carnival, some of the finest yachts afloat may still be seen at anchor off the R. Y. S. Clubhouse, standing out prominently on the sea-front, with its flagstaff and jetty, at which only members and officers of the navy are privileged to land, under the muzzles of a miniature battery brought from Virginia Water for holiday service. This building, whose glass gallery is the grand stand of yacht racing, has been adapted from the old castle of Henry VIII., in the seventeenth century used as a state prison. Here Sir William Davenant spent his hours of confinement in writing an heroic poem, _Gondibert_, which one fears to be hardly read nowadays, unless it makes part of prison libraries. There are some score cantos of it, filling eight score or so of folio pages; and this, as in the contemporary case of the bear and the fiddle, brings the story only to the middle, for as the author puts it in metaphors readily suggested at Cowes, “‘tis high time to strike Sail, and cast Anchor (though I have run but half my Course) when at the helm I am threatened with Death, who, though he can visit us but once, seems troublesome, and even in the Innocent may beget such a gravity as diverts the Musick of Verse.”