Taking a lantern Nat went down into the forward hold, to examine some bales of goods, in accordance with the purser's instructions. The bales were heavy ones, but they had been stowed away in such a manner that the shipping marks were in sight.

As Nat left the purser's office a man, who had been standing near a window that opened into it, moved away. The man was the mate, Mr. Bumstead, and as he saw Nat disappear below the deck he muttered:

"I think this is just the chance I want. We'll see how that whipper-snapper will like his job after to-day."

While Nat was checking off the bales, finding only one or two slight errors in the list the purser had given him, he heard a noise forward in the dark hold.

"Who's there?" he asked, for it was against the rules for any one to enter the cargo hold, unless authorized by the captain, mate or purser.

No answer was returned, and Nat was beginning to think the noise was made by rats, for there were very large ones in the ship. Then he heard a sound he knew could not have been made by a rodent. It was the sound of some one breathing heavily.

"Is any one here?" asked Nat. "I shall report this to the purser if you don't answer," he threatened.

Still no reply came to him.

"Perhaps it is one of the sailors who has crawled in here to get a sleep," Nat thought. "Maybe I'd better not say anything, for he might be punished."

He listened, but the sound, whatever it was, did not come again. The hold was quiet, save for the slight shifting of the cargo, as the vessel rocked to and fro under the action of the waves.