"Ahoy, 'Panther'!"

"Ahoy! Then you've found the 'Victor'?"

"Aye, and captured her."

"Did you find Rollings!"

"He's a prisoner, under close guard."

"And the money?"

"That's what we all want to know," Jed admitted, sadly.

"You can't find it?"

"Not even a dollar bill!"

There was a pause, during which those on board the steam yacht knew that their friends on the motor yacht were discussing this chilling news.