"Captain Rodman, of the Maud," said the chairman; and the owner of the winning yacht stepped forward. "It appears from the schedule that you have made the shortest time, and I have the pleasure of presenting to you the first prize." "Thank you, sir," replied Rodman, accepting the envelope, which contained the prize of one hundred dollars; "but as it appears that Donald Ramsay sailed the Maud, as well as built her, I shall have the pleasure of presenting it to him." A round of hearty applause followed this little speech, which ended in three cheers for the captain of the Maud, and three more for her builder. "I can't take that," said Donald, declining to receive the envelope. "But you must take it. I will hand you over to Mr. Deputy Sheriff Beardsley, who, I see, is coming up the bay in the Juno." "It don't belong to me. I am not the owner of the Maud," protested Donald. "Take it! take it!" shouted one and another of the interested spectators, until nearly all of them had expressed their opinion in this way. Thus overborne, the boat-builder took the envelope, though his pride revolted. "Commodore Montague, it appears that the Skylark made the next best time, and I have the pleasure of presenting to you the second prize." "Which I devote to the club for the building fund." The members heartily applauded this disposal of the money. "I will give the other prize to the club for the same purpose," added Donald. "Impossible!" exclaimed Commodore Montague. "The fund is completed, and the donation cannot be accepted." "No! No!" shouted the members. "The fifty dollars I added to the fund just makes up the sum necessary to pay for the club-house on Turtle Head, which is to be only a shanty; so you can't play that game on us, Don John." Donald was compelled to submit; and he transferred the hundred dollars to his pocket-book. "I am so glad you won the race, Don John!" said Nellie Patterdale. "Everybody said you sailed the Maud splendidly." "Thank you, Nellie; your praise is worth more to me than that of all the others," replied Donald, blushing deeply; but I must do him the justice to say that, if he had not been laboring under intense excitement, he would not have made so palpable a speech to her. Nellie blushed too; but she was not angry, though her father might have been, if he had heard the remark. "Is Captain Patterdale on board?" shouted Mr. Beardsley, as the Juno ran under the stern of the Penobscot. "Here," replied the captain. "I want to see you and Don John," added the officer. The business of the race was finished, and the Maud conveyed Captain Patterdale, his daughter, and Donald to the shore. Laud Cavendish was in the Juno, and so was Hasbrook; but none of the party knew what had transpired at Saturday Cove during the forenoon. "I will be at your house in half an hour, Captain Patterdale," said Donald, as they landed. "I am wet to the skin, and I want to put on dry clothes."