on the seat cushions. It is twenty-one feet in length and has a five-and-a-half-foot beam, the design being what is known as a compromise stern. The motor is a double- cylinder two-cycle one, of ten horsepower. It has a float-feed carburetor, mechanical oiler, and the ignition system is the jump- spark---the best for this style of motor. The boat will make ten miles an hour, with twelve in, and, of course, more than that with a lighter load. A good deal will depend on the way the motor is managed.
"Now, as you know, Mr. Hastings wishes to dispose of the boat partly because he does not wish to repair it and partly because he has a newer and larger one. The craft, which is named CARLOPA by the way, cost originally nine hundred dollars. It could not be purchased new to day, in many places, for a thousand. Now what am I offered in its present condition? Will any one make an offer? Will you give me five hundred dollars?"
The auctioneer paused and looked critically at the throng. Several persons smiled. Tom looked worried. He had no idea that the price would start so high.
"Well, perhaps that is a bit stiff," went on Mr. Wood. "Shall we say four hundred dollars? Come now, I'm sure it's worth four hundred. Who'll start it at four hundred?"
No one would, and the auctioneer descended to three hundred, then to two and finally, as if impatient, he called out:
"Well, will any one start at fifty dollars?"
Instantly there were several cries of "I will!"
"I thought you would," went on the auctioneer. "Now we will get down to work. I'm offered fifty dollars for this twenty-one foot, ten horsepower family launch. Will any one make it sixty?"
"Sixty!" called out Andy Foger in a shrill voice. Several turned to look at him.
"I didn't know he was going to bid," thought Tom. "He may go above me. He's got plenty of money, and, while I have too, I'm not going to pay too much for a damaged boat."
"Sixty I'm bid, sixty---sixty!" cried Mr. Wood in a sing-song tone, "who'll make it seventy?"
"Sixty-five!" spoke a quiet voice at Tom's elbow, and he turned to see the mysterious man who had joined the crowd at the edge of the lake.
"Sixty-five from the gentleman in the white straw hat!" called Mr. Wood with a smile at his wit, for there were many men wearing white straw hats, the day being a warm one in June.
"Here, who's bidding above me?" exclaimed Andy, as if it was against the law.
"I guess you'll find a number going ahead of you, my young friend," remarked the auctioneer. "Will you have the goodness not to interrupt me, except when you want to bid?"
"Well, I offered sixty," said the squint-eyed bully, while his crony, Sam Snedecker, was vainly, pulling at his sleeve.
"I know you did, and this gentleman went above you. If you want to bid more you can do so. I'm offered sixty-five, sixty-five I'm offered for this boat. Will any one make it seventy-five?"
Mr. Wood looked at Tom, and our hero, thinking it was time for him to make a bid, offered seventy. "Seventy from Tom Swift!" cried the auctioneer. "There is a lad who knows a motor-boat from stem to stern, if those are the right words. I don't know much about boats except what I'm told, but Tom Swift does. Now, if he bids, you people ought to know that it's all right. I'm bid seventy--- seventy I'm bid. Will any one make it eighty?"
"Eighty!" exclaimed Andy Foger after a whispered conference with Sam. "I know as much about boats as Tom Swift. I'll make it eighty."
"No side remarks. I'll do most of the talking. You just bid, young man," remarked Mr. Wood. "I have eighty bid for this boat-- -eighty dollars. Why, my friends, I can't understand this. I ought to have it up to three hundred dollars, at least. But I thank you all the same. We are coming on. I'm bid eighty---"
"Ninety!" exclaimed the quiet man at Tom's elbow. He was continually fingering his upper lip, as though he had a mustache there, but his face was clean-shaven. He looked around nervously as he spoke.
"Ninety!" called out the auctioneer.
"Ninety-five!" returned Tom. Andy Foger scowled at him, but the young inventor only smiled. It was evident that the bully did not relish being bid against. He and his crony whispered together again.
"One hundred!" called Andy, as if no one would dare go above that.
"I'm offered an even hundred," resumed Mr. Wood. "We are certainly coming on. A hundred I am bid, a hundred---a hundred--- a hundred---"
"And five," said the strange man hastily, and he seemed to choke as he uttered the words.
"Oh, come now; we ought to have at least ten-dollar
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