"Bring him by force, if you have to," added Captain Tom, dryly.

In a short time the quartermaster and seaman appeared, all but dragging Cragthorpe, while Ab Perkins brought up the rear of the procession, giving the doubly manacled fellow an occasional shove.

It was the first time that Gaston Giddings had seen the prisoner. The instant he did so, now, the young bank president looked suddenly angry.

"Mr. Baldwin," demanded Gaston Giddings, "why is this gentleman under such restraint?"

"Gentleman?" demanded Baldwin, with withering scorn. "Why, my boy, about whom are you talking?"

"Why is Mr. Cragthorpe ironed, on board this yacht?" insisted Giddings, his face now white and stern with increasing anger.

"Well, then, I'll tell you," sniffed Joseph Baldwin. "That fellow is in irons because he joined us from the 'Victor.' His first enterprise on board was to try to put one of our motors out of the running. His next effort was to set this yacht on fire, last night. After that, he broke into Captain Halstead's cabin, presumably with the intention of killing the navigator of this yacht; at any rate, he meant to injure Captain Halstead severely. Those are some of the reasons, Giddings, my boy, why Cragthorpe is now guarded as carefully as a mad dog might be if we didn't possess the right to kill it."

While speaking, Joseph Baldwin studied the young bank president's face keenly. After a pause, the older man went on:

"And now, Giddings, if you concede that I have any right to be curious, in turn, I'd like to ask you why you are so intensely interested in this scoundrel?"

From the instant Cragthorpe had caught sight of the face of Gaston Giddings, the man in irons had stood more at ease, a sneer on his face.