“Maybe we’d better hoist up our provision box from the raft,” suggested Bob. “No use wasting the stuff there, and if we have to get aboard the queer boat again we can take the stuff with us.”

This was considered a wise proceeding, and accordingly the water-tight box of emergency rations and water was hoisted up. The food in it would not really be needed as long as the supply on the derelict lasted, but they all felt it was best not to take any chances.

“Now get on some dry clothes, and then we’ll have a talk,” suggested Jerry. “But, first of all, what do you really think about Ned?” and he looked anxiously at Bob.

“I think he’s still on the Sherman,” was the answer.

“Do you really?” the tall lad demanded.

“I really do,” and Bob tried hard to convince himself, as well as Jerry, of this.

He wanted to believe this, but, in reality, he did not know. Ned had been standing close to Chunky when the crash came, and Bob had not seen his chum after that. But, to his relief, Judd came to his aid.

“I’m sure I saw your friend standing on deck near the hole that was stove in us,” he said. “I remember seeing him as I slid overboard.”

“Well, in case the Sherman isn’t in any more danger of sinking than the Altaire is, I hope Ned is on her,” said Jerry.