"So! How high was Chukalook Bank above the water?"

"She goes up like a wedge o' cake, Cap'n. Maybe five hundred feet at the highest point. Where I was workin' wasn't more'n fifty foot above sea level."

"Well," commented the yachtsman thoughtfully, "allowing for the curvature of the earth, and for low visibility on these seas that ought to make Chukalook about thirty or forty miles from here. We'll put on a little sail and cruise N. N. E. for a few hours."

But the bank was nearer than Jim supposed.

Shortly after dawn, a sailor posted in the cross-trees reported a flat berg to starboard. The sails were furled, and the Bunting came up to it slowly under her auxiliary screw.

Jim heard the engines and rushed up on deck.

"That's Chukalook!" he cried, after the first look. "Now, who says I'm dreamin'? Wait till I tell Bull's little gal!"

He had not long to wait.

The sound of excited voices on deck had awakened the girl, and she dressed and came up hastily.

"Jameine!" he shouted, as soon as she came up the companion ladder, "there's our gold!"