In a short time the boat was out of the water, but, as Tom grimly remarked, "the water was not out of her," for a stream poured from the stuffing-box, through which the propeller shaft entered, and water also ran out through the seams that had been opened by the collision.

"Quite a smash, Tom," observed the boat repairer, when he had come out to look over the Kilo. "How'd it happen?"

"Oh, Shallock Peters, with his big red boat, ran into us!" said Ned, sharply.

"Ha, Peters; eh?" exclaimed the boatman. "That's the second craft he's damaged inside a week with his speed mania. There's Bert Johnson's little speeder over there," and he pointed to one over which some men were working. "Had to put a whole new stern in her, and what do you think that man Peters did?"

"What?" asked Tom, as he bent down to see how much damage his craft had sustained.

"He wouldn't pay young Johnson a cent of money for the repairs," went on Mr. Houston, the boatman. "It was all Peters's fault, too."

"Couldn't he make him pay?" asked Tom.

"Well, young Johnson asked for it--no more than right, too; but Peters only sneered and laughed at him."

"Why didn't he sue?" asked Ned.

"Costs too much money to hire lawyers, I reckon. So he played you the same trick; eh. Tom?"

"Pretty much, yes. But he won't get off so easily, I can tell you that!" and there was a grim and determined look on the face of the young inventor. "How long will it take to fix my boat, Mr. Houston?"

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