The man he addressed stepped back a pace as if he had been struck. He had disguised himself so carefully that he thought detection was impossible. Nevertheless, he had omitted to conceal a disfigurement on the lower portion of his countenance that was sufficient to reveal his identity to any one at all acquainted with him. His astonishment may have accounted for his failure to reply to the other's speech.

The President having taken his place beside the Señorita, I prepared to follow him, but before doing so I held out my hand to Hermaños.

"Good-bye, my friend," I said. "I owe you something for what you have done for me to-night. I don't suppose we shall ever meet again, but, if we do, I trust it may be under happier auspices."

"I never want to see your face again," he replied, with a candour that was somewhat remarkable. Then, lowering his voice to a whisper, he continued: "For your own safety's sake, take care that you never come back to Equinata. I cannot help thinking that it would have been better if we had shot him out of hand. I fancy you will agree with me before you have done."

His voice must have travelled further than he intended, for the President heard it and uttered a quiet laugh.

"Always the same, always the same," he said mockingly. "You know what ought to be done, but you don't do it. As somebody has said, you let 'I would' wait upon 'I dare!'"

At the same moment a sob escaped the Señorita. This decided me, and springing into the boat I gave the order to shove off. The crew stood up and pushed with their oars, and a moment later we were afloat. When the men sat down and bent to their work I glanced back at the little group of dark figures on the beach watching us. After a few minutes they were lost against the dark background, and I turned my head to search for the yacht. Already the sky was paling preparatory to the dawn, and I knew that, if we did not hasten, we should scarcely be clear of the coast by daylight. At last we reached the yacht, and pulled up at the accommodation ladder.

"Allow me to help you, Señorita," I said, springing out and giving her my hand.

Presently we stood together on the deck. Ferguson raised his cap, and I could see that he was more than surprised at seeing a lady standing before him.

"We will get away from here as soon as possible, Mr. Ferguson, if you please," I said. "I want to be clear of La Gloria before daylight."