Seated on one of the benches, looking out towards Governor's Island, Rupert's attention was drawn after a while to two men who occupied a neighboring bench. One of those he recognized at once as Clayton. The other he also recognized as a guest at the Somerset Hotel, a new arrival. He was a man of middle age who had the appearance of a Westerner. Rupert now remembered that he had entered himself on the hotel register as from Colorado. "I wonder what mischief Clayton is up to now?" Rupert asked himself. The benches were so near that he was able to hear the conversation between the two men. Clayton had a showy gold watch in his hand which he was endeavoring to sell to his new acquaintance. "The fact is, my friend," Rupert heard him say, "I am awfully hard up. I need money badly, and that is why I offer you such a bargain. This watch is nearly new and cost me one hundred and fifty dollars in cold cash. I offer it to you for fifty." "How did you get so hard up?" asked the stranger. "I took a flyer in Wall Street. I have a friend who is a broker, and he gave me a pointer. I don't blame him, for he believed it, and invested himself. However, things didn't turn out as we expected, and I was cleaned out." "How about him?" "He lost a good deal more than I did, but he could stand it and I couldn't." The Western man took the watch in his hand. "It seems a good watch," he said. "I suppose it is solid gold?" "Undoubtedly." "I don't know much about watches myself, though I come from a mineral producing State. We have plenty of miners there, but I am a cattleman." "Indeed! Is that a paying business?" "Well, I've made a little money at it," said the other in a complacent tone. "I am looking for a paying business myself." The stranger laughed. "You are a city man," he said. "You wouldn't do for the West. You wouldn't make much of a cowboy." "I don't suppose I should." "You couldn't wear patent-leather shoes in Colorado." "Then I'll give it up if you say so. To tell the truth, I am better fixed than you would suppose. I have an income of a thousand dollars a year, paid me quarterly by the trustees of my late uncle's estate, but the next payment won't come due for a month. I must tide over till then. That is why I offer you this watch for fifty dollars." "I shouldn't think you would like to make such a sacrifice." "Oh, well, I need the money. Besides, what is my loss is your gain." "You seem to take matters philosophically." "That's my way. Seriously, though, it will be a great favor to me if you take the watch. Fifty dollars isn't much, but with economy it will carry me through till my next payment." "Well, if you put it on that ground, I don't know but I will oblige you." The Colorado man took from his pocket a large wallet, evidently stuffed with bills, and was about to consummate the bargain when Rupert rose from his seat hastily. He felt that it was about time for him to take a hand in the transaction.