Now the hulk was almost within grasp. Two or three strokes, and the waif was about to seize the taffrail, when he was conscious of a swirl beneath him. Rising from under the keel of the derelict came into view a monstrous shape. It stamped itself upon his brain—the gleaming white belly, the snake-like writhe of the tail, the great open mouth with its rows of awful teeth, and then—those teeth closed with a snap upon the deck-chair, which Wagram had, with rare quickness and presence of mind, thrust down where his legs had been when the rush was made, and, before the sound of the crunching of wood and wicker was stilled, by a mighty effort he had hoisted himself on board the hulk.

It was a near thing. He stood for a moment chest-deep on the submerged main deck, then clambered up to the poop and looked forth. The dark, glistening fin which had first alarmed him was still moving lazily at about the same distance off; but immediately beneath, the fragments of the deck-chair and the lashings and soundings of the monster that had tried to seize him made him vividly realise the awful peril from which he had escaped. It seemed as if the evil beast had indeed bitten off more than it could chew, for it darted to and fro, and sank and rose again in quite an abnormal way, as though seriously uneasy within.

The first feeling produced in Wagram by the sight was one of intense thankfulness, and yet his position was still desperate enough in all conscience. Here he was, on board a waterlogged hulk in mid-ocean without a scrap of food or a drop of water. He had a brandy flask which he had filled and put in his pocket with an eye to emergencies on the occasion of the first alarm, but that was all. Still, he would not by any means abandon hope. The idea uppermost in his mind was less that he had escaped so far than that he had been preserved—and if he had been preserved it was with some good reason. So far, too, he felt neither hunger nor thirst—his immunity from the latter perhaps due to his prolonged submersion. The poop deck was dry—in fact, very dry—and if he wanted to reach the forecastle he had only to wade along the main deck.

He glanced around seaward. The mist had completely disappeared, and from sky-line to sky-line the sea was open—open and blank; not a speck, not a sail. The hope which had sprung up within him that when the mist lifted some or all of the Baleka’s boats might be in sight was dispelled. He was alone.

Turning, he glanced down. Some loose rusty iron lay at his feet, remnants of the old rigging. This he was turning idly over when an object attracted his attention. Stooping, he picked it up. It was a pistol, a five-chambered revolver, but the woodwork of the stock had all but rotted away, and even as he held it something came off it and fell on the deck. Picking this up he examined it, then nearly dropped it again. The thing was of metal, and had come loose from the rotting wood. It, like the rest of the metal, was red with rust; but now, as Wagram stood staring at it, he thought he must be dreaming. It was a nameplate which had been let into the stock of the weapon, and through the rust there stood forth two letters—“E.W.”

Half dazed, he stared at the thing; rubbed his eyes, and stared again. Then he examined the pistol itself. No; there could be no mistake about it. The weapon had belonged to his brother. He ought to know it, if anybody ought, for it had been a present from himself when Everard had first left home years ago, and he himself had specially designed the fashioning of the initials on the nameplate—“E.W.” It was a five-chambered weapon, too, and five-shooters were not so common as six. And now—and now here it was, here it came into his hands again, on board a battered and abandoned hulk which seafaring authority had pronounced to have been afloat in its battered and derelict condition for years. What mystery—what awful mystery of the deep lay behind this?

For long he stood gazing at the relic in his hand. It had been a powerful weapon, one of large and heavy calibre. Did its presence here bear silent witness to an unseen and buried tragedy; to a grim fight for life here on this ghostly craft before she had been abandoned to her endless driftings? What ghastly remnants of such might even then be lying below within her hull, perhaps even of the man to search for whom he had travelled over half the world—sepulchred for ever beneath the water which precluded any further exploration of the fabric? Again, was it for this that he himself had been so wonderfully preserved—that he might light upon this long-forgotten object to serve as a clue in his further search? Who might say?

Now a great drowsiness came over him—the drowsiness of exhaustion—and, almost without knowing it, he sank down upon the deck. One thing he did half instinctively, half mechanically, and well was it for him he did so. That was to divest himself of his coat, and with it shelter his head from the fierce sun rays. Then he fell into a profound sleep—the slumber of exhaustion.

The red sun sank like a great globe in the smoky offing of the tropical sky. The intense heat of the day was about to give place to the dews of night, which, however, served to abate but little of the sultriness; though relief from the burning rays was something to be thankful for, thought those in the boats. But before the rush of night should settle down with its accustomed rapidity an incident was in store for them. A dark object lay outlined against the lurid sky-line. Quickly, eagerly glasses were brought to bear. Those who had not got glasses hung no less eagerly on the result. A ship?

But more than a smothered curse broke from those who saw.