"To be perfectly candid, Don Hermoso, I feel very strongly inclined to do so," answered Jack. "But before I can possibly give my assent to Carlos's proposal you must permit me to clearly indicate the risks to you involved in it. You know absolutely nothing of me, Senor, beyond what you have learned from your son; and it is in the highest degree essential that you should clearly understand that what Carlos suggested to me this afternoon involves you in the risk of losing your yacht, for the carrying into effect of that proposal would make the vessel positively my own, to do as I pleased with; and if I should choose to retain possession of her, neither you nor anybody else could prevent me." "I very clearly understand all that, my dear young friend," answered Don Hermoso, "and I am perfectly willing to take the risks, for several reasons. In the first place, if you were the kind of individual to do what you have just suggested, I do not for an instant believe that you would have warned me that the proposal involved me in the risk of losing my yacht. In the next place, although, as you say, I know little or nothing about you, my son Carlos knows you pretty intimately, and I can rely upon his judgment of you. And, finally, I do not believe that any Englishman in your position would or could be guilty of such infamous conduct as you have suggested. The fact is that we shall certainly be obliged to trust somebody--for if it were once known that the yacht belonged to me she would be so strictly watched that we could do little or nothing with her; and I would naturally trust you, rather than a stranger." "Of course," answered Jack, "that is only natural, and I can quite understand it. Nevertheless I will not give you an answer at present; you must have sufficient time to think the matter over at leisure, and perhaps while doing so you may hit upon some alternative scheme that will suit you better. Meanwhile, let me tell you of a little adventure that I had this afternoon, just after I had parted from you, Carlos--and its continuation this evening. It will perhaps interest you, for I am greatly mistaken if it does not concern you both, even more than it does me." And therewith Jack proceeded to give a humorous relation of his two encounters with the foreign-looking gentleman claiming to be one of the Mackintoshes of Inveraray. When at length he finished, father and son looked at each other with glances of alarm, and simultaneously exclaimed: "Now, who can that possibly be?"