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expression in some substantial token of his gratitude.

Before he left Rippleton, a check for five hundred dollars was placed in the hands of George Weston, with directions to give four hundred of it to the Butterfly, and one hundred to the Zephyr. In the division of the Butterfly's share, Mr. Walker desired that one hundred dollars should be given to Tony, and twenty-five dollars apiece to the crew; consenting, however, to let the whole sum be common property if the club desired.

This liberality was certainly munificent, princely; but Mr. Walker's wealth was quite sufficient to enable him to gratify his generous impulses. Tony said he felt a little "ticklish" about taking it, at first; but George assured him that Mr. Walker would feel hurt if he did not, and he concluded to accept it.

"But what shall we do with it, George?" asked the young hero, who was not a little embarrassed by the possession of so much money.

"That is for you to decide."

"What can we do with it?"

"It will buy heaps of candy," suggested George, with a smile.

"Candy!" said Tony, contemptuously.

"You can make a fund of it if you like."

"What for?"

"For any purpose you may wish. By and by, you may want money for something."

"What shall we do with it?"

"Put it in the Savings Bank."

"But the next thing is, shall we divide it? or let it remain as the property of the club? I suppose the fellows will all do just as I do."

"Perhaps the money would do the parents of some of them a great deal of good."

"I think very likely; we will let them vote upon it. Here comes Frank. I wonder what they are going to do with theirs."

"How do you do, Tony? I have come over to talk with you about the race.
Next Wednesday is the day, you know."

"I had forgotten all about the race in the excitement of the bridge affair."

"I don't wonder."

"What are you going to do with your money, Frank?" asked Tony. "Your club met last evening, I believe."

"We voted to buy some philosophical apparatus with it."

"Good! Did Tim Bunker vote for that?"

"He didn't vote at all. He wanted the money divided; but the vote was unanimous for spending it as I said. By the way, Mr. Walker was liberal—wasn't he?"

"Princely. He ought to have given you more and us less, though."

"No; he did perfectly right. We did not deserve even what we got."

"Just like you! But come into the club room—Butterfly Hall—and we will fix things for the race."

Frank and Tony discussed the details of the race, and at the end of an hour everything was arranged to the satisfaction of both. There was no difference of opinion except as to the length of the race. Tony, thought that twice up and down the lake, making an eight-mile race, would be best; but Frank felt sure that it was too long, and that it would tire the boys too much. So it was finally agreed that they should pull only once up and down, making about four miles.

As the Butterfly club were to meet that evening, Frank departed earlier than he otherwise would have done, so as not to be considered an intruder.

Tony's club were in high spirits that evening. The praise bestowed upon them had created a strong feeling of self-reliance in their minds. Their discipline had passed through a severe ordeal, and it was pronounced perfectly satisfactory by all concerned. They had done hard work, and done it well. Their success was the result of their excellent discipline. It would have been in vain that they had as good a commander as Tony, if promptness and obedience had been wanting.

"Now, boys," said Tony, when he had called the meeting to order, "we have arranged all the details of the race, and if you like, I will tell you about it."

"Tell us," said several.

The chairman proceeded to give them the substance of his conversation with the coxswain of the Zephyr; and the rules they had adopted were of course agreed to by all present.

The Butterfly boys, elated with the results of the bridge affair, were confident that they should win the race. Tony, however, was not so sanguine. He knew, better than they, how skilful Frank was; and, if the Zephyr had not labored under the disadvantage of having a new member, he would have been sure of being beaten.

"There is another subject which comes up for consideration to-night—I mean the gift of Mr. Walker. He has left it so that it may be divided among us, or held and used as common property," continued Tony.

The boys looked at each other, as if to pry into the thoughts of their neighbors. There was a long silence, and it was in vain that Tony called for the opinions of the members; they did not seem to have any opinions on the subject.

"We will do just as you say, Mr. Chairman," said Little Paul.

"So we will," added Henry Brown.

"I shall not say," replied Tony. "It is a matter for you to decide. George says we can put it in the Savings Bank, if we don't divide it, and keep it till we find a use for it. Perhaps, though, some of your parents may want it. If they do, we had better give each his share."

"Let us put it in the Savings Bank," said Dick Chester.

But Henry Brown looked at Little Paul, whose father was a very poor man, and had not been able to work for several months.

"Perhaps we had better divide it," suggested he.

"If you agree to divide it, each member shall have a thirteenth part of the whole four hundred dollars," added Tony.

"That wouldn't be right," replied Little Paul. "He gave a hundred to you; and certainly you are better entitled to a hundred than we are to a penny apiece."

"I will not take more than my share."

"We will only take what Mr. Walker awarded us," said Henry.

"That we won't," added several members.

"No!" shouted the whole club.

"But you shall, my lads," said Tony, stoutly. "George and I have agreed to that."

"But the commander of the ship ought to have a bigger share than the crew; besides, what could we have done without you?" argued Little Paul.

"And what could I have done without you?"

"It was your skill and courage, as the Mercury says, which did the business."

"It was your prompt obedience that crowned our labors with success. I tell you, boys, it is just as broad as it is long. The money shall be equally divided."

"Then we won't divide it," said Henry Brown.

"Very well; I will agree to that. We shall be equal owners then," replied Tony, with a smile of triumph; for in either case his point was gained.

"But what shall we do with it? Four hundred dollars is a heap of money. What's the use of saving it up without having some idea of what we mean to do with it?"

"We can put it to a dozen uses."

"What, for instance?"

"Why, enlarging our library; buying an apparatus, as the Zephyrs are going to do; giving it to the poor," replied Tony. "But I was thinking of something before the meeting."

The boys all looked at the chairman with inquiring glances.

"Out with it," said several of them.

"There are lots of fellows round here who would like to get into a boat club."

"More than twenty," added Little Paul.

"We have money enough to buy another boat."

"Hurrah!" exclaimed several of the members, jumping out of their chairs in the excitement of the moment. "Let us buy another boat!"

"What shall we call her?" added Dick Chestor.

Several of the boys began to exercise their minds on this important question, without devoting any more attention to the propriety or the practicability of procuring another boat. That question was regarded as already settled.

"Ay, what shall we call her?" repeated Joseph Hooper.

"What do you say to the 'Lily?'"

"The 'Water Sprite?'"

"The 'Go-ahead?'"

"Name her after Mr. Walker."

"No; after Tony Weston."

"You are counting the chickens before they are hatched," added Tony, laughing heartily.

"The—the—the 'Red Rover,'" said Joseph Hooper.

"That's too piratical," replied Little Paul.

"I wouldn't say anything about the name at present," suggested Tony.

"Wouldn't it be fine, though, to have three boats on the lake?" exclaimed Henry.

"Glorious! A race with three boats!"

"Who would be coxswain of the new boat?"

"Fred Harper," said little Paul. "The fellows say he is almost as good as Frank Sedley."

"If we had another boat we should want a commodore," continued Tony. "And I was thinking, if we got another, that Frank would be the commodore, and command the fleet. Then there would be a coxswain to each boat besides."

"That would be first rate."

"Let us have the other boat."

"Hurrah! so I say."

"I suppose we could buy two six-oar boats for our money," added Tony.

"And have four in the fleet?"

"Perhaps three four-oar boats."

"Five boats in the fleet! That would be a glorious squadron!"

The boys could hardly repress the delight which these air castles excited, and several of them kept jumping up and down, they were so nervous and so elated.

"Come, Tony, let us settle the business, and order the boats at once," said Dick Chester.

"We had better think a while of it. Something else may turn up which will suit us even better than the fleet. Of course we must consult Captain Sedley and George before we do anything," replied Tony.

"They will be willing."

"Perhaps they will, and perhaps they won't."

"I know they will," said Dick.

"We will consult them, at any rate. It is necessary to take a vote concerning the division of the money."

Of course the club voted not to divide; and it was decided that the money should remain in the hands of George Weston until the fleet question should be settled.

"Now, boys," said Tony, "next Monday is town meeting day, and school don't keep. We will meet at nine o'clock and practise for the race, which comes off on Wednesday afternoon, at three o'clock. Let every fellow be on hand in season."

The club adjourned, and the boys went off in little parties, discussing the exciting topic of a fleet of five boats, under the command of Commodore Frank Sedley.

CHAPTER VIII. THE RACE.

The day appointed for the race between the Zephyr and the Butterfly had arrived, and the large number of people congregated on the shores of Wood Lake testified to the interest which was felt in the event. Probably the exciting incident at the bridge, which had been published in the newspaper, imparted a greater degree of interest to the race than it would otherwise have possessed. It was a beautiful afternoon, mild and pleasant for the season, which favored the attendance of the ladies, and the lake was lined with a row of cheerful faces.

"All aboard!" said Frank, as he dissolved a meeting of the Zephyrs, which he had called in order to impart whatever hints he had been able to obtain from his father and others in regard to their conduct.

Above all, he had counseled them, in case they were beaten, to cherish no hard feelings towards their rivals. Not a shadow of envy or ill-will was to obscure the harmony of the occasion. And if they were so fortunate as to win the race they were to wear their honors with humility; and most especially, they were not to utter a word which could create a hard feeling in the minds of their competitors. Whatever the result, there was to be the same kindness in the heart, and the same gentlemanly deportment in the manners, which had thus far characterized the intercourse of the two clubs.

"All aboard!"

The Zephyrs were more quiet and dignified in their deportment than usual. There was no loud talk, no jesting; even Fred Harper looked thoughtful and serious. Each member seemed to feel the responsibility of winning the race resting like a heavy burden upon his shoulders.

The boat was hauled out into the lake, and once more Frank cautioned them to keep cool and obey orders.

"Don't look at the Butterfly after we get started," said he. "You must permit me to keep watch of her.

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