“The time has come,” said the Captain. “Are you all ready?”

“Ay, ay, sir!” came the answer in suppressed tones.

“Round with her, my man, on the port tack.”

The Swift rushed round, and there was a murmur of admiring criticism from the old tars as they now understood the meaning of the Captain’s manoeuvre.

“They are satisfied now,” said the Captain, grimly, to Frank. “They thought all along, I’ll be bound, that I could not fight this ship.”

“I confess, sir, I don’t understand your tactics.”

“Well, I suppose you don’t. The enemy’s fighting strength is evidently in her bow guns. So is ours. I have got the ’vantage of her by going into action on her beam. Mark me, before she can bear her bow guns on us she’ll be crippled. Full steam ahead!” he shouted, and the low craft rushed forward.

The whole horizon on the east was now bathed in light, and in a moment the blood-red disc of the sun flamed above the black line of the waters, while streamers of light shot into the sky. Straight ahead there rose a dark object. A shaft of golden light stretching across the waters struck full upon it, and there stood out in a glory of softest fire the tall masts and long black hull of the Brazilian ship. She was at rest, rising and falling gently; but there was a terrible awakening in store. Every minute brought her into clearer relief, though from the dark background beyond there was a blur about her deck, out of which, however, presently there emerged distinct objects—her boats, her bridge unoccupied, the gilt scroll under her stern, over which idly dropped the Brazilian flag; and last of all, the chases of her port broadside grimly projecting, with a glint of red sunlight on their smooth cylinders.

The two vessels were now distant about six hundred yards, and at last the careless lookout on the Brazilian ship saw something alarming astern in the fierce rush of the low grey craft. Some men dashed up the rigging to get a better view, and a small group gathered on the bridge.

“We’ll wake ’em up!” shouted the Captain, springing into the conning-tower and pressing a button, which brought up “The Ghost” from its bed.