Marston looked at him with some surprise. On the whole, he did not like the fellow and he had no grounds for trusting him. "I'm afraid I can't agree," he replied. "We have a pretty good agent at all the ports where we trade, and Wyndham sent a man he was satisfied about to the lagoon. Our business is not large enough to justify our taking a new partner." "The business is extending. Would you like to talk to Wyndham about it?" "He won't be back for some time, and I expect he'll agree that we don't need help. I think you had better stick to your Hamburg friends." "Oh, well," said Peters philosophically, "it looks as if I must drop the plan, but if you need me later, you know where I can be found. In the meantime, we'll let it go. When I left, Ramon Larrinaga sent you his compliments. He's getting an important man; had some part in the plot that put the new president in power and has, no doubt, claimed his reward." "You may give him our congratulations when you go back," Marston replied, and soon afterwards Peters went off. Marston smoked a cigarette and reviewed his visitor's remarks. The fellow had implied that Wyndham had, by some means, gained the Bat's support, and this jarred. Perhaps it jarred worse because Marston had tried to banish suspicions that chimed with the hint. Then he imagined Peters' offer was rather made to Wyndham than to him. Marston meant to urge his partner to refuse. He did not want to see Peters again, but doubted. The fellow was cunning and obstinate. By-and-by Marston threw away his cigarette and rang for his clerk. He would not bother about Peters until he was forced. In fact, if Peters did not come back, he was not sure he would tell Wyndham about it at all. CHAPTER IV THE LOST EXPLORERS The days were getting longer and although the evening was cold Marston rejoiced that winter had gone. He had worked hard at the office until Wyndham's return from his honeymoon, and now he was glad to get on the water again. Putting down his oars, he let _Red Rose_'s dinghy drift, because he doubted if the tide had risen enough to carry him across the sands. A bitter wind blew up the estuary, where belts of shining water wound among the shoals, and some distance astern _Red Rose_ rode at her moorings in a sheltered pool. For half a mile, sand and shallow water ran between Marston and the beach. He had brought the yacht round from a neighboring river mouth where the smoke of a busy port blackened her gear, and had since been occupied on board. Now he was pleasantly tired, hungry, and braced by the cold. He knew no amusement that gave him as much satisfaction as working on board a yacht. In fact, if one went about the thing properly, it was really a scientific job.