“You have plenty of freeboard, I see,” Mr. Embleton said, as, after returning on deck, he looked over the side. “Yes, I never will load down my ships,” Mr. Hewson said, “and will never take cargo within twenty per cent of their full carrying power. I have as little as possible stowed either quite forward or quite aft, so that they have not only plenty of freeboard, but are buoyant in a heavy sea. I am sure it pays. I don’t insure my ships, and I have not lost one in the last sixteen years. The insurance money saved makes up for the loss of freight, and I have the satisfaction of knowing that I have done all in my power to ensure the safety of my officers and men.” “And very good policy, Hewson,” Mr. Embleton said warmly. “I see scores of ships passing inside the Goodwins so loaded down that I would not be on board in a heavy gale for all the money in the bank, and the state of their sails often shows that they are badly cared for in all other respects. The system of insurance is no doubt a good one, but it has been so scandalously abused that it may safely be said that it has largely increased the annual number of wrecks and loss of life. Were it not for insurance, owners would, in their own interest, be driven to see that their ships were made in every respect seaworthy, well provided with gear of all kinds, well manned, and above all, not overloaded. Insurances are responsible for a large proportion of our marine disasters.” As, if the wind continued favourable, the _Tiger_ would drop down the river as soon as she got out of dock, which would be at a very early hour the next morning, it was necessary that Stephen should be on board that evening. He, however, went back with his father to Mr. Hewson’s, spent the afternoon at Exeter ’Change seeing the wild beasts, and returned by eight o’clock to the ship. The _Tiger_ made a quick voyage to Calcutta. She rounded the Cape without encountering bad weather, and was only twice obliged to shorten sail during the whole passage. Stephen enjoyed his life exceedingly. He was in the first officer’s watch, and became a great favourite with Mr. Staines. He astonished his fellow-apprentices, as soon as they were fairly on their way, by producing his quadrant and taking observations at the same time as did the captain and mates; still more so when he took lunar and star observations, working them all out by figures instead of from the tables in the nautical almanac. He found at first some little difficulty in obtaining accuracy when the vessel was rolling, but he was not long in overcoming this, and the captain found that he was able to place the ship’s position on the chart quite as correctly as he did himself.