"No," replied Mr. Ackerman. "For a time they clung to their agreement; but at last the courts withdrew the right as illegal, and poor Livingston, who had sunk the greater part of his fortune in the steamboat business, lived to see the fruit of his toil wrested from him. In point of fact, I believe the decision of the courts to have been a just one for no one person or group of persons should control the waterways of the country. You can see the wisdom of this yourself. Nevertheless, the decree hit Livingston pretty hard. It was the first step in the destruction of a monopoly," added Mr. Ackerman whimsically. "Since then such decrees have become common happenings in America, monopolies being considered a menace to national prosperity. Certainly in this case it was well that the Supreme Court of the United States decided that all waters of the country should be free to navigators, no matter in what kind of vessel they chose to sail." "It was tough on Fulton and his friends, though, wasn't it?" observed Dick, who was plainly unconvinced as many another had been of the justice of the arguments. "Yes," agreed Mr. Ackerman, smiling into his troubled eyes, "I grant you it was tough on them." CHAPTER XIV A STEAMBOAT TRIP BY RAIL It was with a sense of deep regret that Stephen bade good-by to Mr. Ackerman and Dick and returned to the hotel to join his father. For the steamboat financier he had established one of those ardent admirations which a boy frequently cherishes toward a man of attractive personality who is older than himself; and for Dick he had a genuine liking. There was a quality very winning in the youthful East-sider and now that the chance for betterment had come his way Steve felt sure that the boy would make good. There was a lot of pluck and grit in that wiry little frame; a lot of honesty too, Stephen reflected, with a blush. He was not at all sure but that in the matter of fearlessness and moral courage the New York lad had the lead of him. Certainly he was not one who shrank from confessing when he had been at fault which, Steve owned with shame, could not be said of himself. For several days he had not thought of his automobile escapade but now once more it came to his mind, causing a cloud to chase the joyousness from his face. Alas, was he never to be free of the nagging mortification that had followed that single act? Was it always to lurk in the background and make him ashamed to confront the world squarely? Well, it was no use regretting it now. He had made his choice and he must abide by it. Nevertheless he was not quite so spontaneously happy when he met his father at luncheon and recounted to him the happenings of the morning.