"Oh! I am sorry," Bertha said. "I do think it is hard to lose a race by an accident."

"Every yacht has to abide by its own accidents, Miss Greendale; and carrying away a spar is one of the accidents one counts on. If it were not for that risk, yachts would always carry on too long. It is a matter of judgment and of attention to gear. The loss of a spar is in nine times out of ten the result either of rashness or of inattention.

"However, I am sorry myself; that is to say, I would prefer winning the cup by arriving first at the flag boat. However, I am certainly not disposed to grumble at Fortune just at present."

"I should think not, Mr. Carthew," Lady Olive said. "I am sure I congratulate you very heartily. Of course, I have seen scores of races, and whenever there is any wind someone is always sure to lose a spar, and sometimes two or three will do so. I don't think you need fear any of the boats behind."

"No, yet I don't feel quite safe. I have no fear of any of the cutters, but once round the Needles, it will be a broad reach, and you will see that the schooners will come up fast, and I have to allow them a good bit of time. However, I think we are pretty safe."

[Chapter 9].

The Phantom presently came along close to the Osprey, and Carthew shouted:

"Is there anything that I can do for you?"

"No, thank you," Frank replied.

Then Bertha called out: