In the hush that followed the keen-eared listeners could hear the now invisible "Victor" slowing down her speed. Captain Tom, the engine room speaking tube at his mouth, called down the orders softly for a similar slowing of speed. The "Panther" fell back close to the "Victor."

"Captain, they're likely to stop altogether, soon," whispered Mr. Jephson. "Then we won't hear a sound to guide us."

"We'd do the same," murmured Halstead. "Then the yachts would be likely to drift together and bump. No; I hardly believe the steam yacht's captain will try that trick. If he does, we must match it."

The two craft engaged in this marine game of blind man's buff were now going forward along their respective courses at not more than eight miles an hour. Greater speed was not advisable, for they were in the possible track of vessels plying between San Francisco and Hawaii, New Zealand or Australia.

For the next ten minutes there was no sound from the "Victor's" fog-horn. To run without this precaution was all but tantamount to piracy in itself. Skipper Tom and Second Officer Davis, however, managed to keep within sound of the steam craft's machinery. So, presently, the "Victor's" steam fog-horn again sounded on the air.

Breakfast was served late, that morning, on board the motor yacht. All hands were too much interested in the difficult chase to think of eating before Nature made her demands clamoring.

At eight o'clock, when Third Officer Costigan again came up on the bridge to take his watch trick, Dick Davis declared he had no interest in sleep.

"You'd better go below," advised Tom. "This search through the fog may be a long one. We'll want all hands to be fresh and bright. Get four or five hours' sleep, anyway. I shall be on the bridge most of the time until you're called again."

So Dick went below and turned in, though almost with a grumble.

For the next three hours Halstead was almost constantly on the bridge. The blind pursuit kept up along the same lines. The steam yacht's machinery still sent its dull clatter across the waters. The quartermaster of the "Panther," with the help of the mate's orders, still steered by that sound.