ord for
the last twenty-four hours.

"According to maritime law, young gentlemen, you are entitled to salvage
upon the vessel you have saved. Under ordinary circumstances, you would
be justified in claiming from one half to three fourths of the value of
this vessel. The galiot, I am informed, was not insured. The value of
the vessel and cargo is perhaps four or five thousand dollars. I have no
doubt the court would give you what would amount to two or three
thousand dollars, at least; for without assistance the vessel would
probably have been a total loss.

"Captain Schimmelpennink, I am told, is the sole owner of the 'Wel
tevreeden.' He and his family lived on board of her. It was their only
home, and she was their only worldly possession. At an expense of a few
hundred dollars, he can restore her to her original condition. If sold
in her present state, she would not bring half her actual value.
Deducting the salvage from this amount, the unfortunate captain would
lose at least three fourths of his property, the accumulation of his
lifetime."

"We'll no rob the poor mon," interposed McLeish, the Scotch boy, who was
now on his good behavior.

"It will be no robbery, McLeish. You would take but your just dues,"
replied the principal, with a smile.

"We'll no tak it," added McLeish.

"No, sir!" "No, sir!" "No, sir!" responded the students in every
direction.

"Not a dollar of it, sir!" said Paul, warmly.

"Thank you, young gentlemen," continued Mr. Lowington, whose face
indicated the pleasure he felt. "You have voluntarily suggested what I
was about to propose to you. To-day is Sunday, and your conduct is
worthy of the day. I should not have mentioned the matter until
to-morrow, if I had not desired to relieve the unfortunate captain from
his anxiety and suspense. Your conduct will gladden his heart. We will
take a vote on this question, that there may be no mistake in regard to
your intentions. Those in favor of abandoning the claim for salvage will
signify it by raising the right hand."

Every hand was raised, and most of the boys added an emphatic "Ay!" to
the hand vote.

"All up!" shouted the students, looking around them to find any one who
was behind the others in this benevolent deed.

"Every one," replied Mr. Lowington, smiling. "Mr. Fluxion, I will thank
you to communicate to the master of the galiot the action of the ship's
company."

The Dutchman stood watching the proceedings of the party with