“I’m sorry to say that you’re right,” Don agreed. “I don’t even hear the sound of their motor. More than likely they shut it off and rowed up some creek, to throw us off. Well, there is nothing to do but to go back, I guess.”

They turned the dinghy, which bobbed like a cork in the ocean waves, and headed back for the creek.

“Do you suppose they were the marine bandits your father mentioned at supper?” asked Terry.

“I wouldn’t wonder,” Don replied. “But we’ll see when we get back to the boathouse. I hope it all didn’t wake the family up.”

But it had. When they finally tied the dinghy up to the sloop they found Mr. Mercer standing at the dock, anxiously watching for them.

“Hello,” he hailed. “What’s going on down there?”

Don briefly related the events of the last few minutes and then led the way to the boathouse. Using a key, which he had in his pocket, Don led them into the boathouse.

It was a neat little building, with various grades of wood stacked along the walls, a work bench in one corner, and some extra canvas piled on racks. A small rowboat lay bottom up in the center of the floor. They examined the window, to find that several wooden bars had been pried out and the sash raised.

“Is there anything missing?” Mr. Mercer asked. “There doesn’t seem to be.”

But Jim shook his head sadly. “Sorry to say that there is, Dad. That swell ship’s clock that you bought me down in Boston is missing. It was over there on the bench, and I was making a new case for it. I guess those guys were the marine bandits, all right.”