Ferne signed to the steward, and when the tankard was filled, raised the sherris to his lips.  “I drink to Captain Robert Baldry, of the Phoenix!” he said, bowed slightly to the man of his nomination, then turned aside to where stood Henry Sedley.

Around the cabin ran a deep murmur of reluctant assent to the wisdom of the choice and of tribute to the man who had just heaped before his personal enemy the pure gold of opportunity.  Few were there from whom Baldry had not won dislike, but fewer yet who knew him not for a captain famous for victory against odds, trained for long years in the school of these seas, at once desperate and wary, a man of men for adventure such as theirs.  He had made known far and wide the name of that his ship which the sea took, and for the Phoenix he well might win a yet greater renown.

Now the red blood flooded his face, and he started up, speaking thickly.  “You are Admiral of us all, Sir John Nevil!  I do understand that it is yours to make disposition in a matter such as this.  I take no favor from the hand of Sir Mortimer Ferne!”

“I give you none,” said Ferne, coldly.  “Favors I keep for friendship, but I deny not justice to my foe.”

The Admiral’s grave tones prevented Baldry’s answer.  “Do you appeal to me as Admiral?  Then I also adjudge you the command of the galleon.  The Star did very valiantly; look to it that the Phoenix prove no laggard.”

“Hear me swear that I will make her more famous than is Drake’s Golden Hind!” cried Baldry, his exultation breaking bounds.  “Sir John, you have knowledge of men, and I thank you!  Sir Mortimer Ferne, I will give account—­”

“Not to me, sir,” interrupted Ferne, haughtily.  “I have but one account with you, and that my sword shall hereafter audit.”

“Sir, I am content!” cried the other, fiercely, then turning again to the Admiral, broke into a laugh that was impish in its glee.  “Ah, I’ve needed to feel my hand on my ship’s helm!  Sir John, shall I have my sixty tall fellows again, with just a small levy from the Mere Honour, the Marigold, and the Cygnet?”

“Yes,” answered the Admiral, and presently, by his rising, declared the council ended, whereupon the adventurers dispersed to their several ships where they lay at anchor in the crystal harbor, the watchmen in the tops straining eyes, on the decks mariners and soldiers as jubilant as were ever men who did battle on the seas.  Only the Cygnet’s boat, rocking beneath the stern of the Mere Honour, waited for its Captain, who tarried with the Admiral.

In the state-cabin the two men sat for some moments in silence, the Admiral covering with his hand his bearded lips, Ferne with head thrown back against the wall and half-closed eyes.  In the strong light with which the cabin was flooded his countenance now showed of a somewhat worn and haggard beauty.  Drunken and forgotten was the wine of battle, gone the lofty and impassioned vein; after the exaltation came the melancholy fit, and the man who, mailed in activities, was yet, beneath that armor, a dreamer and a guesser of old riddles, had let the fire burn low, and was gone down into the shadowy places.