ne hundred yards or so beyond the place of the ambush the road dropped sharply over the last low cliff to the narrow strand which led to the west wall of La Guayra, distant a half a mile away. They had all been under the deep shadow of the thick trees overhanging the way until this instant, but in the faint light cast by the moon just risen, Alvarado could see that a great body of people were congregated before him on the road. Who they were and what they were he could not surmise. He was not long left in doubt, however, for the same voice whose commanding tones had caused his life to be spared, now called for lights. The demand was obeyed with a promptness that bespoke fear indeed, or discipline of the sternest, and soon the captives found themselves in a circle of lurid light sent forth by a number of blazing torches.

The illumination revealed to Alvarado as villainous and terrible-looking a body of men as he had ever seen. The first glance convinced him that they were not Spanish brigands or robbers. He was too young to have had dealings with the buccaneers of the past generation, but he realized that if any such remained on this side of the earth, they must be like these men who surrounded him. He wasted no time in surmises, however, for after the first swift comprehensive glance his eyes sought Mercedes. She sat her horse free and uninjured apparently, for which he thanked God. She was leaning forward over her saddle and staring in bewilderment and surprise at the scene and confusion before her.

"Donna Mercedes," cried Alvarado, turning himself about, in spite of his bonds and the restraint his immediate captors endeavored to put upon him, "are you safe—unhurt?"

"Safe," answered the girl, "and thou?"

"Well, but for these bonds."

"God be thanked! Who are these men?"

"I know not, but——"

"Oh, sir," interrupted Señora Agapida, recovering her voice at the sound of the Spanish tongue, "for Christ's sake, what does this mean? Save us!"

"Señora," said that same sharp voice, but this time speaking in the Spanish tongue, as a tall man, hat in hand, urged his horse forward, "fear nothing, you shall be protected. And you, señorita. Do I not have the honor of addressing Donna Mercedes de Lara?"

"That is my name," answered the girl, haughtily. "Who are you? Why have you shot my people and seized me prisoner?"