“Yes. There, you can all see it now.”

The schooner swung to port, and the white letters on her stern were distinctly seen.

P-i-r-a-t-e,” spelled Diamond.

Pirate?” gasped Harry, doubtfully.

Pirate!” exclaimed Hodge, excitedly.

Pirate,” came languidly from Browning, who showed no remarkable interest.

“That’s right,” nodded Frank. “An appropriate name for her, sure enough.”

“I should say so!” nodded Rattleton. “She looks like a pirate.”

“And I’m hanged if the man at the wheel don’t look like one!” half laughed Frank, passing the glass to Harry.

Rattleton took a look through the glass.