To the little company upon the landing it was a moment of horror. Their fearful interest alternated between the daring swimmer and the boat careering upon the rock.

"Mother! They are striking!" cried Margaret in a voice of awe.

As she was speaking the boat rose high, poised a moment on the black waters, then vanished.

All eyes were strained to snatch a glimpse of the unfortunate craft. But no vestige of it could they discover.

"They are gone, Mother! Gone!" moaned the girl, hiding her face in her mother's breast.

"Can you see the lad?" called the mother, her vision blurred in tears.

Shading his eyes, Charley Grant searched the waves.

"Aye, aye! I see him yet," was the relieved cry.

For a few minutes they were able to see the head of the swimmer bob about on the tossing flood. Then it, too, vanished in the ominous gloom.

Flung high on a hissing breaker, Ned saw the boat strike and go out like the snuffing of a light. For a moment his heart seemed to hold its beat and he lay weak and helpless in the trough of the wave. Then he prayed as men do when they come to grips with death. There came a response. A new vigour flooded his body and with strokes of powerful sweep, he swam on toward the rock. It was now down wind and he made straight for it, taking the chance of being dashed upon its granite face. Watching with eagle eye he bided his time, keeping his course dead upon the rock's centre. As it loomed above a huge swell lifted him. Blinded with spray he lay on the breaker awaiting the onset. It flung him on the rock with the catapult of its snapping crest. Holding out his hands he sought to ward the crash from his head. His strong arms took the impact, the bones of his shoulders creaking under the strain. Withal his head struck a jagged point. Sense reeled and he rolled hither and thither, like a log on the churning wash. By a mighty effort he righted himself and feeling a sharp edge, clung to it with all the strength of his powerful clutch. Caught in the lateral flow of the split wave he was carried to the side. Clinging to the jutting ledge by a sort of hand-over-hand movement, he was floated around the rock. So far was he borne that he could see the quieter waters of the lee shelter. Ten feet more and he would be there. Then ensued a fierce struggle. The subsiding wave sought to drag him back into the lake. With hands torn on the ragged edges he fought to retain his precarious hold. A moment's baffling balancing and the wave passed on. Quickly he drew himself into a shielding niche. There he rested, breathing heavily. In a little he would search the rock.