"Well, Captain Scott, what is the run to-day?" asked Louis Belgrave, the owner of the steam-yacht Guardian-Mother, which had at this date made her way by a somewhat devious course half way round the world, and was in the act of making the other half. The young magnate was eighteen years old, and was walking on the promenade deck of the steamer with a beautiful young lady of sixteen when he asked for information in regard to the run, or the distance made by the ship during the last sea-day. "Before I answer your question, my dear Louis, I must protest against being any longer addressed as captain, for I am not now entitled to that honorable appellation," replied the young man addressed by the owner.