“She has not long to live,” said Skallagrim, “but we may still be saved if the boat is not broken.”

Now aft, near the tiller, a small boat was bound on the half deck of the Raven. They went to it and looked; it was whole, with oars lashed in it, but half full of water, which they must bail out. This they did as swiftly as they might; then they cut the little boat loose, and, having made it fast with a rope, lifted it over the side-rail and let it fall into the sea, and that was no great way, for the Raven had sunk deep. It fell on an even keel, and Eric let himself down the rope into it and called to Skallagrim to follow.

“Bide a while, lord,” he answered; “there is that which I would bring with me.”

For a space Eric waited and then called aloud, “Swift! thou fool; swift! the ship sinks!”

And as he called, Skallagrim came, and his arms were full of swords and byrnies, and red rings of gold that he had found time to gather from the dead and out of the cabin.

“Throw all aside and come,” said Eric, laying on to the oars, for the Raven wallowed before she sank.

“There is yet time, lord, and the gear is good,” answered Skallagrim, and one by one he threw pieces down into the boat. As the last fell the Raven sank to her bulwarks. Then Skallagrim stepped from the sinking deck into the boat, and cut the cord, not too soon.

Eric gave way with all his strength, and, as he pulled, when he was no more than five fathoms from her, the Raven vanished with a huge swirl.

“Hold still,” he said, “or we shall follow.”

Round spun the boat in the eddy, she was sucked down till the water trickled over her gunwale, and for a moment they knew not if they were lost or saved. Eric held his breath and watched, then slowly the boat lifted her nose, and they were safe from the whirlpool of the lost dragon.