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of the free-trader, which might still meet with a protest. He was at a loss to account for the marked and unusual deference with which he was treated, by one who, while he was never coarse, seldom exhibited much complaisance for the opinions of a man he was in the habit of meeting so familiarly, on matters of pecuniary interest. During the whole of the foregoing harangue, the young mariner of the brigantine had maintained the same attitude of modest attention; and when his eyes were permitted to rise, it was only to steal uneasy looks at the face of Alida. La belle Barbérie had also listened to her uncle's eloquence, with a more thoughtful air than common. She met the occasional glances of the dealer in contraband, with answering sympathy; and, in short, the most indifferent observer of their deportment might have seen that circumstances had created between them a confidence and intelligence which, if it were not absolutely of the most tender, was unequivocally of the most intimate, character. Ail this Ludlow plainly saw, though the burgher had been too much engrossed with the ideas he had so complacently dealt out, to note the fact.

"Now that my mind is so well stored with maxims on commerce, which I shall esteem as so many commentaries on the instructions of my Lords of the Admiralty," observed the Captain, after a brief interval of silence, "it may be permitted to turn our attention to things less metaphysical. The present occasion is favorable to inquire after the fate of the shipmate we lost in the last cruise; and it ought not to be neglected."

"You speak truth, Mr. Cornelius—The Patroon of Kinderhook is not a man to fall into the sea, like an anker of forbidden liquor, and no questions asked. Leave this matter to my discretion, Sir; and trust me, the tenants of the third best estate in the colony shall not long be without tidings of their landlord. If you will accompany Master Seadrift into the other part of the villa for a reasonable time, I shall possess myself of all the facts that are at all pertinent to the right understanding of the case."

The commander of the royal cruiser, and the young mariner of the brigantine, appeared to think that a compliance with this invitation would bring about a singular association. The hesitation of the latter, however, was far the most visible, since Ludlow had coolly determined to maintain his neutral character, until a proper moment to act, as a faithful servitor of his royal mistress, should arrive. He knew, or firmly believed, that the Water-Witch again lay in the Cove, concealed by the shadows of the surrounding wood; and as he had once before suffered by the superior address of the smugglers, he was now resolved to act with so much caution, as to enable him to return to his ship in time to proceed against her with decision, and, as he hoped, with effect. In addition to this motive for artifice, there was that in the manner and language of the contraband dealer to place him altogether above the ordinary men of his pursuit, and indeed to create in his favor a certain degree of interest, which the officer of the crown was compelled to admit. He therefore bowed with sufficient courtesy, and professed his readiness to follow the suggestions of the Alderman.

"We have met on neutral ground, Master Seadrift," said Ludlow to his gay companion, as they quitted the saloon of la Cour des FĂ©es; "and though bent on different objects, we may discourse amicably of the past. The 'Skimmer of the Seas' has a reputation in his way, that almost raises him to the level of a seaman distinguished in a better service. I will ever testify to his skill and coolness as a mariner, however much I may lament that those fine qualities have received so unhappy a direction."

"This is speaking with a becoming reservation for the rights of the crown, and with meet respect for die Barons of the Exchequer!" retorted Seadrift, whose former, and we may say natural, spirit seemed to return, as he left the presence of the burgher. "We follow the pursuit, Captain Ludlow, in which accident has cast our fortunes. You serve a Queen you never saw, and a nation who will use you in her need and despise you in her prosperity; and I serve myself. Let reason decide between us."

"I admire this frankness, Sir, and have hopes of a better understanding between us, now that you have done with the mystifications of your sea-green woman. The farce has been well enacted; though, with the exception of Oloff Van Staats and those enlightened spirits you lead about the ocean, it has not made many converts to necromancy."

The free-trader permitted his handsome mouth to relax in a smile.

"We have our mistress, too," he said; "but she exacts no tribute. All that is gained goes to enrich her subjects, while all that she knows is cheerfully imparted for their use. If we are obedient, it is because we have experienced her justice and wisdom I hope Queen Anne deals as kindly by those who risk life and limb in her cause?"

"Is it part of the policy of her you follow, to reveal the fate of the Patroon; for though rivals in one dear object—or rather I should say, once rivals in that object—I cannot see a guest quit my ship with so little ceremony, without an interest in his welfare."

"You make a just distinction," returned Seadrift, smiling still more meaningly—"Once rivals is indeed the better expression. Mr. Van Staats is a brave man, however ignorant he may be of the seaman's art. One who has showed so much spirit will be certain of protection from personal injury, in the care of the 'Skimmer of the Seas.'"

"I do not constitute myself the keeper of Mr. Van Staats; still, as the commander of the ship whence he has been—what shall I term the manner of his abduction?—for I would not willingly use, at this moment, a term that may prove disagreeable—"

"Speak freely, Sir, and fear not to offend. We of the brigantine are accustomed to divers epithets that might startle less practised ears. We are not to learn, at this late hour, that, in order to become respectable, roguery must have the sanction of government. You were pleased, Captain Ludlow, to name the mystifications of the Water-Witch; but you seem indifferent to those that are hourly practised near you in the world, and which, without the pleasantry of this of ours, have not half its innocence."

"There is little novelty in the expedient of seeking to justify the delinquency of individuals, by the failings of society."

"I confess it is rather just than original. Triteness and Truth appear to be sisters! And yet do we find ourselves driven to this apology, since the refinement of us of the brigantine has not yet attained to the point of understanding all the excellence of novelty in morals."

"I believe there is a mandate of sufficient antiquity, which bids us to render unto Cæsar the things which are Cæsar's."

"A mandate which our modern Cæsars have most liberally construed! I am a poor casuist, Sir; nor do I think the loyal commander of the Coquette would wish to uphold all that sophistry can invent on such a subject. If we begin with potentates, for instance, we shall find the Most Christian King bent on appropriating as many of his neighbors' goods to his own use, as ambition, under the name of glory, can covet; the Most Catholic, covering with the mantle of his Catholicity, a greater multitude of enormities on this very continent, than even charity itself could conceal; and our own gracious Sovereign, whose virtues and whose mildness are celebrated in verse and prose, causing rivers of blood to run, in order that the little island over which she rules may swell out, like the frog in the fable, to dimensions that nature has denied, and which will one day inflict the unfortunate death that befell the ambitious inhabitant of the pool. The gallows awaits the pickpocket; but your robber under a pennant is dubbed a knight! The man who amasses wealth by gainful industry is ashamed of his origin; while he who has stolen from churches, laid villages under contribution, and cut throats by thousands, to divide the spoils of a galleon or a military chest, has gained gold on the highway of glory! Europe has reached an exceeding pass of civilization, it may not be denied; but before society inflicts so severe censure on the acts of individuals, notwithstanding the triteness of the opinion, I must say it is bound to look more closely to the example it sets, in its collective character."

"These are points on which our difference of opinion is likely to be lasting;" said Ludlow, assuming the severe air of one who had the world on his side "We will defer the discussion to a moment of greater leisure, Sir. Am I to learn more of Mr. Van Staats, or is the question of his fate to become the subject of a serious official inquiry?"

"The Patroon of Kinderhook is a bold boarder!" returned the free-trader, laughing. "He has carried the residence of the lady of the brigantine by a coup-de-main; and he reposes on his laurels! We of the contraband are merrier in our privacy than is thought, and those who join our mess seldom wish to quit it."

"There may be occasion to look further into its mysteries—until when, I wish you adieu."

"Hold!" gaily cried the other, observing that Ludlow was about to quit the room—"Let the time of our uncertainty be short, I pray thee. Our mistress is like the insect, which takes the color of the leaf on which it dwells. You have seen her in her sea-green robe, which she never fails to wear when roving over the soundings of your American coast: but in the deep waters, her mantle vies with the blue of the ocean's depths. Symptoms of a change, which always denote an intended excursion far beyond the influence of the land, have been seen!"

"Harkee, Master Seadrift! This foolery may do while you possess the power to maintain it. But remember, that though the law only punishes the illegal trader by confiscation of his goods when taken, it punishes the kidnapper with personal pains, and sometimes with—death!--And, more—remember that the line which divides smuggling from piracy is easily past, while the return becomes impossible."

"For this generous counsel, in my mistress's name I thank thee;" the gay mariner replied, bowing with a gravity that rather heightened than concealed his irony—"Your Coquette is broad in the reach of her booms, and swift on the water, Captain Ludlow, but let her be capricious, wilful, deceitful, nay powerful, as she may, she shall find a woman in the brigantine equal to all her arts, and far superior to all her threats!"

With this prophetic warning on the part of the Queen's officer, and cool reply on that of the dealer in contraband, the two sailors separated. The latter took a book, and threw himself into a chair, with a well-maintained indifference; while the other left the house, in a haste that was not disguised.

In the mean time, the interview between Alderman Van Beverout and his niece still continued. Minute passed after minute, and yet there was no summons to the pavilion. The gay young seaman of the brigantine had continued his studies for some time after the disappearance of Ludlow, and he now evidently awaited an intimation that his presence was required in la Cour des FĂ©es. During these moments of anxiety, the air of the free-trader was sorrowful rather than impatient; and when a footstep was heard at the door of the room, he betrayed symptoms of strong and uncontrollable agitation. It was the female attendant of Alida, who entered, presented a slip of paper, and retired. The eager expectant read the

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