This work had been going on for about half-an-hour; the boat had been loaded as far as was safe, and coops, spars, rope, casks, and hatches were being thrown over, with axes and a saw lashed to them, so as to construct a kind of raft from the boats, whose object was to bear the heavier portion of their freight, and also to act as a kind of breakwater in case the sea should roughen, when the boats could lie to leeward and wait until some vessel hove in sight to rescue them from their perilous position.

The fire still blazed furiously, melting down the silver, old Rasp said, and this latter worthy had given a great deal of trouble, from the fact that he considered that the only thing worth saving was the diving apparatus. He had strewed the deck with various articles which he had brought up, only to be peremptorily rejected. And now all left on board found that their minutes there were numbered; but still they toiled on, till a warning cry from Oakum in the further boat drew their attention to a strange hissing noise where the fire burned most fiercely.

“She’s sinking,” cried Dutch, as the schooner gave a heavy roll.

“Yes, quick! over with you all,” cried the captain. Then, with a groan, “Poor old schooner! she deserved a better fate.”

One by one they slid down the rope left ready into the boat, till all were in save the captain and Dutch, neither of whom would go first.

“Quick, quick!” cried Mr Parkley, “or we shall be sucked down.”

“Push off!” roared the captain, who saw their peril; and as they hesitated he seized the rope and swung himself down, Dutch leaping headlong into the water at the same moment.

It was a close shave, for as Dutch rose and caught at the boat’s gunwale the oars were dipped and plied manfully, while the schooner blazed now with suddenly increased fury, as if the flames meant to secure all they could before the waters seized their prey. The vessel had begun to roll heavily, and the flames, which had now caught the mizen and fore masts, were running rapidly up the rigging, starting in tongues of fire from the tarry ropes, and curling up the masts till they were perfect pyramids of fire.

Three more heavy rolls succeeded, with the hissing of the fire increasing to a shriek, when a cloud of steam began to rise, and the schooner careened over, so that those in the last boat, as they toiled to get sufficiently far away, could see right down into the burning hold. This lasted but for a few moments though, and then the burning masts, with their fluttering sheets of flame, rose up perpendicular, and with a dive forward the vessel plunged down, there was a rushing sound, a tremendous explosion as the steam and confined air blew up the stern deck, and then the hull disappeared, followed slowly by the burning masts, while the small boat, with all the spars and raft material, was drawn towards the vortex.

“Pull,” shouted Captain Studwick, and the oars bent as every possible effort was made, but slowly and surely the boat was drawn back towards where coops and hatches, casks and planks, eddied round for a few minutes, and then disappeared.