“We might do that, but we could not carry any weapons.”

“Don’t need them. We’ll find something after we get on board.”

Hodge was quivering with eagerness. The thought of making such an attempt filled his heart with a fierce longing for the struggle. He felt that he was ready for any sort of adventure, as long as Frank Merriwell was with him.

At first Frank was inclined to take the desperate venture. It would not be difficult to swim out to the vessel, and, in all probability, those on board of her would be asleep. It was possible she could be taken without much of a struggle.

Then came another scheme. Why not return to the launch, back out of the cove on her, creep round the island, lay alongside the yacht, board her and take her that way?

That seemed the better plan, and he whispered it to Hodge.

“What a surprise it would be for Diamond and Dustan if we were to do the job all alone,” said Bart, who seemed reluctant to give up the original scheme.

“That would be very fine, but we know from report that at least three men were concerned in stealing the yacht. What if we boarded her, cramped by the cold of the water, and were overcome by numbers? That would be a bad piece of business. I think we had better use every precaution.”

“Well, you are in charge of this business, and I am ready to do as you say.”

“Then let’s go back to the launch and tell the others what we have discovered.”