"Perhaps I’d better refresh your memories; let’s go back a matter of forty years. Captain Wilbur was a well-known shipmaster of those palmy days. He had commanded the _Speedwell_ for a decade, and possessed a reputation for sterling seamanship and unblemished integrity. His vessel was one of the finest moderate clippers ever launched on the shores of New England. But she was growing old; and Wilbur himself had suffered serious financial reverses, although this fact wasn’t known till after the escapade that estranged his friends and set our little world by the ears. He seems to have been something of a gambler in investments, and by bad judgment or ill luck had brought his fortune to the verge of ruin if not of actual disgrace. This, so far as I know, stands as the sole explanation of his amazing downfall. There was nothing else the matter with him, physically or mentally, as you shall hear. "Out of a clear sky, this was what he did: he deliberately put the _Speedwell_ ashore in Ombay Pass, on a voyage home from Singapore to New York with a light general cargo, and abandoned her as she lay. I say he did it deliberately; this is the common surmise, and subsequent developments lend point to the accusation. It may have been, however, that she actually drifted ashore, and that he didn’t try at the time to get her off. Whether he planned the disaster, or whether he succumbed to a temptation thrust in his face by the devil of chance, makes little difference. His plans were deliberate enough after the event. "Within a month after sailing for home, he was back again in Singapore with his ship’s company in three longboats and a tale of a lost vessel. There he remained for three months, cleaning up the business. No breath of scandal was raised against him; Ombay Pass on the turn of the monsoon had caught many a fine vessel before this one, and the account rendered by his officers and crew was straightforward and consistent. The _Speedwell_, according to the official record, had drifted ashore in a light breeze, before the unmanageable currents of that region, and had lodged on a coral reef at the top of the tide in such a position that she couldn’t be got off. It was another case of total loss of ship and cargo; in those days there were no steam craft in the East to send on a mission of salvage, and the Eastern Passages were forbidden hunting ground. What they caught they were allowed to keep, with no words said and the page closed. The insurance companies stood the strain, the ship’s affairs were settled without a hitch, and the name of the _Speedwell_ passed simultaneously from the Maritime Register and from the books of her owners in America. Captain Wilbur let it be known that he was going home, and left Singapore.