the coast of bombay was in plain sight, the province, or state, whose capital has the same name. groves of cocoanut, date, and other palm-trees bordered it; and far back of it was a range of mountains, the western ghats, a chain extending for hundreds of miles along the shore, though from twenty to fifty miles from it.

the fishing-boats were oriental, and nothing new to the tourists; but the men in them were swarthy-looking fellows, not abundantly provided with clothing. the greater portion of india has a warm climate, and the dress of the people is adapted to it. for the most part, the natives are bundled up in loose white cotton cloth, or what was originally white, which they twist about their bodies with a skill acquired by practice. but these boatmen were almost in a primitive condition.

the distinguished guests on board of the guardian-mother were perfectly familiar with bombay and its surroundings, as they were with all of the country, and their services were just now in demand. the woolridges had attached themselves to lord tremlyn; louis belgrave was very likely to be in their company most of the time, and the viscount had manifested no little interest in the young millionaire. he was pointing out the country, and describing it, to this group of four.

dr. ferrolan was not so much of a ladies' man as his two younger companions, and was rendering similar service to his professional brother, uncle moses, and professor giroud. they formed a quartet of educated men, and were more in touch with each other than they might otherwise have been. sir modava rao had attracted to his side mrs. belgrave; mrs. blossom was usually her shadow; and of course captain ringgold, when not employed in his duties in the navigation of the steamer, gravitated, not materially but sentimentally, to this group; for wherever mrs. belgrave was, the commander was not far off.

felix divided himself up among the three parties; and, as he was a lively boy, he afforded no little amusement to all of them. the entire company, including the captain and the third officer, who were to take part in the business of sight-seeing, consisted of sixteen persons, which was just the complement for four carriages, if they were large enough to seat four.

the pilot came on board, and was inducted into the pilot-house. he spoke english, and seemed to be a bright fellow so far as his occupation was concerned. the pilots are said to "pool their issues," and divide their fees. they take their own time, therefore, and are very independent. but this one, when informed that the guardian-mother was a yacht conveying a young millionaire all-over-the-world, was very respectful and deferential.

"i have heard of this vessel before, and they say here that the young rajah is worth millions of pounds," said he, when he had laid the course of the steamer.

"i suppose he is as well off as some of your grand moguls; but i think you had better call it dollars instead of pounds," replied mr. boulong, laughing at the absurdity of the story; but the pilot knew nothing about dollars, and perhaps the reports had been swelled by changing the unit of american currency into that of the british empire.

"now you can see the islands more distinctly," said lord tremlyn to his group.

"i don't see any islands," replied miss blanche.

"they are too near together to be distinguished separately. the bombay to which we are going is an island eleven and a half miles long. the town has an abundant territory; but large as it is, portions of it are very densely peopled, averaging twenty-one inmates to a house," continued the viscount. "next to calcutta it is the largest city in india, and comes within 40,000 of that.

"bombay has had its vicissitudes. of course you know that your civil war produced a cotton famine in europe; but it raised this city to the pinnacle of prosperity. a reign of speculation came here, and it was believed that bombay would be the leading cotton mart of the world. companies were organized to develop the resources of the country in the textile plant; and the fever raged as high as it did when the south sea bubble was blown up, or as it has sometimes in new york and other cities of your country.

"new banks were started; merchants plunged recklessly into the vortex of speculation. then came the news of the surrender of general lee, and the end of the war in america. the bubble burst, even before it was fully inflated, and the business prosperity of bombay collapsed. the certificates of shares in companies and banks were not worth the paper on which they were written. even the bank of bombay, believed to be as solid as the 'old lady' of threadneedle street, had to suspend, and the commercial distress was frightful.

"but it left its lesson behind it; and since that time bombay has patiently and painfully regained its former solid prosperity. it has recovered what it lost, and is now steadily increasing in population and wealth."

"i never heard of the south sea bubble of which you speak," said louis.

"that is not strange, as it was an affair of one hundred and eighty-one years ago," replied lord tremlyn. "i have not time now to describe it in full. the floating debt of england at that time was £10,000,000; and the earl of oxford concocted a scheme to pay it off, and formed a company of merchants for that purpose. the riches of the south sea islands, including south america, were most extravagantly estimated at that time, and the monopoly of the trade was secured by the company formed. the 'south sea company' was bolstered up by the pledge of the duties on the imports from these far-off regions, and the shares sold like wild-fire, increasing in price in the most extraordinary manner. shares at a par of £100 were quoted at £550 in may, and £890 in june.

"the failure of the mississippi scheme, projected in france by john law to develop the resources of the american state of louisiana, alarmed the shareholders; but the managers declared that they had avoided the errors of law in their finances, and the enterprise still prospered. a mania for stock-gambling spread over england, and the people seemed to have lost their wits. the most tremendous excitement prevailed. the crisis came, and it was realized that the scheme was a fraudulent one. some of the biggest operators sold out their stock, and a panic ensued. consternation came upon the bubble capitalists, and financial ruin stared them and their dupes full in the face.

"the country was stirred to its very foundations. parliament was called together, and the books of the company were examined. the 'bubble' had burst, as it did in bombay. the private property of the directors was confiscated. the ruin brought about by this enterprise, rightly called a 'bubble,' was beyond calculation; but it taught its lesson, as such affairs always do."

"we are approaching the harbor," said mrs. woolridge, who was not much interested in the south sea scheme, though her husband and louis listened to the explanation very attentively.

"we are, madam. you see to the northward of us two peninsulas. the one the more distant has two hills on it. the first is malabar hill, and the other cumballa hill. this is the aristocratic quarter of bombay. the huge bungalows of the rich merchants and higher government officials are here. the scenery, natural and artificial, is very fine, and asiatic magnificence prevails there. that will be one of our first rides. you observe near the point of the peninsula some towers, like pagodas, which will give you your first impression of the temples of india."

opera-glasses were then in demand, and were brought to bear on the towers.

"they are in the village of walkeshwar. the peninsula now quite near is colaba. indian names are very much mixed in regard to their spelling. the c and the k are about interchangeable, and you can use either one of them. hence this point is often written kolaba, and the hill yonder kumballa. the southern part of this neck of land is the native quarter. you will visit all these localities, and it is not worth while to describe them minutely."

"that looks like a cemetery," said mr. woolridge, as the steamer approached the point. "there is the lighthouse."

the commander had left his party as the steamer approached the entrance to the harbor, and had gone forward. the ship had slowed down, and the captain spoke to the pilot about a convenient anchorage. the harbor was large enough to accommodate all the navies of the world, and there was no difficulty on this account. lord tremlyn had left his party to look at what was to be seen by themselves, and came forward to the pilot-house. the anchorage was settled.

"captain ringgold, if you please, we will now exchange places," said the viscount. "up to the present time we have been your guests; now i will become the host, and you and your party will be my guests. i beg you will raise no objections, my dear sir, and i shall feel very much wounded if you do not accept the hospitality i tender to you. you are at home on the sea as i am in bombay."

"you have put it in such a way that i cannot refuse to accept," replied the commander, laughing at the corner in which he was placed. "for the present we are your guests, and we place ourselves entirely under your direction."

"i am extremely happy to take you all under my protection; but i cannot submit to the proviso which you have added to my offer, though i will be satisfied to have you 'for the present' as my guests, and we will leave the future to take care of itself. but in whatever capacity we travel over india, or such portion of it as you may elect, it is rather necessary that we fix upon a plan for our operations."

"i am quite agreed that we had better draw up a programme, and i shall depend upon your counsel in the matter," replied the captain. "for the present, will you excuse me until the ship comes to anchor?"

"certainly, captain."

"here is the custom-house boat, and i suppose i must attend to that."

"leave that to me, if you please."

in another half-hour the guardian-mother was at anchor off the apollo bunder, the wharf, or landing-place. the custom-house officers came on board; and, as the ship was not one of any regular line, a high official came off with them. as soon as he reached the deck he discovered his lordship, and rushed to him, bowed profusely, and addressed him in the most deferential manner.

"this is a very unexpected visit, my lord, and in a steamer flying the american flag," said he, as the viscount gave him his hand, a piece of condescension he appeared to appreciate very highly. "what has become of the travancore?"

"she was wrecked in the arabian sea in a collision, and went to the bottom after holding us up for a few hours. we were rescued from certain death by this steamer, and we have been treated with the utmost kindness and consideration," said his lordship quite hurriedly. "sir modava rao and dr. ferrolan are on board. i am entirely devoted to those to whom we owe our lives, and i am in their service as long as they will stay in india. what is your business on board, mr. windham?"

"it is in connection with the customs, my lord."

"you will dispense with everything in that connection, for this is a yacht; and you will oblige me by not subjecting any person on board to any annoyance, mr. windham."

"certainly not, my lord; and not a trunk shall be opened. but the newspapers will want the account of your shipwreck, and a reporter came off with me," replied the official.

"refer him to my secretary."

the under-official obtained particulars from the first officer in regard to the steamer for the custom-house, and dr. ferrolan gave the reporter an account of the disaster to the travancore which he had written.

"i propose to land and proceed to our hotel as soon as the ladies are ready," said lord tremlyn, when he had retired to the captain's cabin with the commander. "while they are preparing, we will consider the programme of the tour."

"very well, your lordship; i will have the party notified. mr. scott," said the captain, opening the door into the pilot-house, "inform all the company that we go on shore in half an hour; and you will go with them. mr. boulong, lower the gangway, and have the barge ready."

"perhaps you have arranged a programme yourself already," suggested the new host of the party.

"i have considered the matter. i proposed to see bombay, and perhaps run down to poona. then go to surat in the steamer, and visit baroda, and proceed by the ship to kurrachee. from there i thought i should send the guardian-mother round to calcutta in charge of mr. boulong, while we travelled to lahore, delhi, cawnpore, lucknow, allahabad, benares, and calcutta by railway. from there we will go to madras and ceylon by the steamer," said the commander, who seemed to have arranged the whole trip.

"excellent, captain ringgold!" exclaimed the viscount. "i can hardly better that."

he made some suggestions; but this route was substantially adopted.