The Coming Wave by Oliver Optic

For several months the landlord's son had had his eye on a new keel-boat, built during the preceding winter, which the owner did not feel able to keep for his own use. With a sort of desperate determination, Leopold had been saving every cent he earned about the hotel, or in his boat, in order to purchase this new craft, or one like it if she should be sold before his accumulations enabled him to buy her. The owner asked two hundred dollars for her; but as the season advanced, Leopold hoped to buy her for less. The matter had looked very hopeless to him until his first lucky catch of mackerel; and the second fortunate trip inspired him with confidence. His uncle had been his only confidant, and they had often discussed the project together. But now Herr Schlager had advanced the sum he needed to make the purchase, and the boat was bought. For two hours the young man had haggled with the owner about the price; but one hundred and fifty dollars, cash down, was a temptation which the builder could not resist in the end, when he thought of his unpaid grocery and provision bills.

No name had yet been given to the new boat, which was now the property of Leopold, for when the owner decided to sell her, he thought it was better to let the purchaser christen her to suit himself. The new craft was a sloop twenty-two feet long, with quite a spacious cuddy forward. She was a fast sailer, and her late owner declared that she was the stiffest sea-boat on the coast. Of course Leopold was as happy as a lord, and he wanted to hug Herr Schlager for his considerate loan of sixty-two dollars; but his uncle was quite as happy, and after the custom of his own country, he did actually hug and kiss his nephew, though the young man was rather confounded by the demonstration, especially as the passers-by in the street halted to observe the spectacle.