of human activity, he will find
Polynesia no less amusing and no less instructive than Pall Mall or
Paris.

Mr. Loudon Dodd, though he was new to the group of the Marquesas, was
already an old, salted trader; he knew the ships and the captains; he
had assisted, in other islands, at the first steps of some career of
which he now heard the culmination, or (_vice versa_) he had brought
with him from further south the end of some story which had begun in
Tai-o-hae. Among other matters of interest, like other arrivals in the
South Seas, he had a wreck to announce. The _John T. Richards_, it
appeared, had met the fate of other island schooners.

"Dickinson piled her up on Palmerston Island," Dodd announced.

"Who were the owners?" inquired one of the clubmen.

"O, the usual parties!" returned Loudon, "Capsicum and Co."

A smile and a glance of intelligence went round the group; and perhaps
Loudon gave voice to the general sentiment by remarking--

"Talk of good business! I know nothing better than a schooner, a
competent captain, and a sound reliable reef."

"Good business! There's no such a thing!" said the Glasgow man. "Nobody
makes anything but the missionaries--dash it!"

"I don't know," said another; "there's a good deal in opium."

"It's a good job to strike a tabooed pearl-island--say, about the fourth
year," remarked a third, "skim the whole lagoon on the sly, and up stick
and away before the French get wind of you."

"A pig nokket of cold is good," observed a German.

"There's something in wrecks, too," said Havens. "Look at that man in
Honolulu, and the ship that went ashore on Waikiki Reef; it was blowing
a kona, hard; and she began to break up as soon as she touched. Lloyd's
agent had her sold inside an hour; and before dark, when she went to
pieces in earnest, the man that bought her had feathered his nest. Three
more hours of daylight, and he might have retired from business. As it
was, he built a house on Beretania Street, and called it after the
ship."

"Yes, there's something in wrecks sometimes," said the Glasgow voice;
"but not often."

"As a general rule, there's deuced little in anything," said Havens.

"Well, I believe that's a Christian fact," cried the other. "What I want
is a secret, get hold of a rich man by the right place, and make him
squeal."

"I suppose you know it's not thought to be the ticket," returned Havens.

"I don't care for that; it's good enough for me," cried the m