“Queer place fur a yacht to anchor.”

They rowed on in silence for some time. Suddenly Nick uttered a low exclamation. “There it is!” he cried.

“What?”

“The statue! See it?”

“Yes.”

The Statue of Liberty on Bedloe's Island loomed up before them.

For some reason the torch in Liberty 's grasp had not been lighted, but at that instant, as though in response to Nick's exclamation, the light blazed forth and fully illuminated the scene.

The inky waters of the bay, the pelting rain, the crest of each wave, and the statue itself all reflected back the rays of the brilliant electric light, which also revealed the outlines of a beautiful yacht, lying not far distant from the little island.

That yacht was their prey.

It would have been a daring scheme for real river thieves to have ventured to rob that yacht, beneath the brilliant light, but, as the sequel will show, Nick had laid his plans with great care.