“Then sell her. She’s too large for me, and she’s worth less every year. I want a thirty-footer that I can handle myself for knocking around the Bay, and that won’t cost a thousand. Sell the Freda and put the money to my account. Now what you three are afraid of is that I’ll misspend my money — taking to drinking, horse-racing, and running around with chorus girls. Here’s my proposition to make you easy on that: let it be a drawing account for the four of us. The moment any of you decide I am misspending, that moment you can draw out the total balance. I may as well tell you, that just as a side line I’m going to get a business college expert to come here and cram me with the mechanical side of the business game.”

Dick did not wait for their acquiescence, but went on as from a matter definitely settled.