"No matter what it is. If you are going to make a business of building yachts and sail-boats, it is for your interest to encourage this sort of thing all you can," added Kennedy. "I think you are right there," answered Donald, who had not before taken this view. "Besides, you ought to see how the boats work. You will get some ideas that will be of use to you. You should observe every movement of the boats with the utmost care. I think you will make more money attending the regattas, if there was one every week, than by working in the shop." "You are right, Kennedy, and I am glad you expressed your opinions, for I shall feel that I am not wasting my time." "Your father has been to Newport and New York on purpose to attend regattas, and I am sure, if he were here now, he would not miss this race for a fifty-dollar bill," continued the workman. Donald was entirely satisfied, and went into the house to dress for the occasion. He was soon ready, and walked down the beach towards the skiff he used to go off to the sail-boat. The sky was overcast, and the wind blew a smashing breeze, promising a lively race. The Juno had been entered for the regatta, but she was still at her moorings off the shop, and Donald wondered where Laud was, for he had been very enthusiastic over the event. Before he could embark, the new proprietor of the Juno appeared. He was dressed in a suit of new clothes, wore a new round-top hat, and sported a cane in his hand. His mustache had been freshly colored, and every hair was carefully placed. He did not look like a yachtman; more like a first-class swell. "I have been all the morning looking for some fellows to sail with me," said Laud. "I can't find a single one. Won't you go with me, Don John?" "Thank you; I am one of the judges, and I can't go," replied Donald, who, if he had not been engaged, would have preferred to sail with some more skilful and agreeable skipper than Laud Cavendish. "Won't your men go with me?" "I don't know; you can ask them." "I am entitled to carry five, and I want some live weights to-day, for it is blowing fresh," added Laud, as he walked towards the shop. Neither of Donald's men was willing to lose his time, and as Laud came out of the shop, he discovered a young lady walking up the beach towards the city. A gust of wind blew her hat away at this moment, and Mr. Cavendish gallantly ran after, and recovered it, as Donald would have done if he had not been anticipated, for he recognized the young lady as soon as he saw her. Even as it was, he was disposed to run after that hat, and dispute the possession of it with Mr. Laud Cavendish, for the owner thereof was Miss Nellie Patterdale. "Allow me to return your truant hat, Miss Patterdale," said Laud. "Thank you, Mr. Cavendish," replied Nellie, rather coldly, as she resumed her walk towards the place where Donald stood, a few rods farther up the beach.