The story revolves around two main characters: Cappy Ricks and Matt Peasley. Cappy Ricks is an experienced and shrewd old sea captain who is the owner of a shipping company. He is a cunning businessman and a colorful character. Matt Peasley, on the other hand, is a younger and talented sea captain who works for Cappy Ricks.The novel follows the power struggle and dynamic between these two characters. Cappy Ricks is determined to assert his dominance and control over Matt Peasley, and the story explores their relationship as they navigate the challenges and successes of the shipping industry. Throughout the novel, the characters face various trials and tribulations, both in their personal and professional lives.The title, "The Subjugation of Matt Peasley," suggests that Cappy Ricks attempts to assert his authority and influence over Matt Peasley, and the novel delves into the strategies and conflicts that arise as a result.