"Any of my other officers could do as well, sir," Tom replied, calmly. "It's the way of the Motor Boat Club training, and its effect on boys of sea-roving stock."

Yet there were half a dozen times, on that perilous return trip, when those on the deck of the "Panther" held their breath, their pulses moving faster.

At just the right moment Ab Perkins swung the craft around somewhat to starboard, then headed in so that Dick Davis was able more quickly to have the life-boat up under the yacht's broad lee.

Then, in a moment of relief, falls and tackle were made fast to the boat, and the rescued men began coming up over the side like so many squirrels.

"Where's your captain?" demanded Master Jordrey, as he came over the side. "I want to tell him that that boy officer of his is worth a dozen of some kinds of men I've seen."

"I'm captain here, at your service, sir," Tom announced, with a smile. Jordrey stared hard, for Tom was plainly much younger than Davis.

"What is this?" gasped the master of the "Alert." "A juvenile orphan asylum afloat, without the teachers? But no matter who you are, you know how to handle boats, large and small. My respects, Captain."

The two mates, cook and crew of the schooner were pressing forward. Costigan returned to the bridge, while Ab came down to the deck again, attending to the hoisting and stowing of the life-boat. Halstead grasped the hand of Dick Davis as he came over the side, looking at him with a gaze full of appreciation.

"Where are you bound, Captain Halstead?" inquired Captain Jordrey, a man of some forty years.