The lake front was lined with spectators and the water was alive with rowboats, motor boats and sailing craft of various sorts. Captain Putnam had hired a good-sized motor boat for the use of himself, Mr. Strong, and a dozen guests; Doctor Pornell had a small steamer, and the immediate friends of Bob Anderson of the Neptune were out in force in a yacht that was a mass of bunting from end to end. Flags were everywhere, and the scene, as the sloops lined up for the start, could not have been more animated.

The last directions were given by the judges, and the three sloops commenced to maneuver for position. Then a cannon was discharged, and over the line shot the Alice, the Ajax and the Neptune; and the great boat race was on.

A shout went up, lasting fully a minute. Then the assembled multitude settled down to watch the struggle with keen interest.

The breeze was what might be termed a smart one, and each sloop had every sail out to its fullest. Each bow cut the water like a thing of life, sending a fine spray over the deck. For the occasion everybody aboard the three boats was dressed in a suit of white duck, with white duck hat.

The triangular course had been laid out to suit the wind. Scarcely had the first half mile been covered when the wind shifted slightly, sending the three boats directly forward to the end of the first leg of the race. All were making splendid time, and when the first half of the leg was finished they were practically abreast of each other.

“The Ajax isn’t capsizing to-day,” remarked Pepper, as they bowled merrily along. “Fred Century must have put some extra lead in her keel.”

“I think he is handling her better,” answered Jack. “He has had plenty of practice since the day she capsized.”

“Anderson certainly knows how to handle the Neptune,” said Andy. “He brought her around too neat for anything at the start.”

“Somebody told me he was the best sailor on Cayuga Lake,” said Dale. “To my mind, we have more to fear from the Neptune than we have from the Ajax.”

“Humph! Just now it looks like a tie race all around,” murmured Stuffer. Even the excitement of the race could not make him forget his longing for something to eat, and he was munching on some peanuts he had brought along.