These orders were obeyed with an "Ay, ay, sir," although the brig was yet so far away that she could not be seen from the deck; but as the two vessels were sailing diagonally toward each other, she did not long remain invisible. The moment Marcy caught sight of her top-hamper, and while he stood with the halliards in his hand waiting for the order to run up the Stars and Stripes, Captain Beardsley began swearing most lustily and shouting orders to his mates, the sheets were let out, the helm put down, and the privateer fell off four or five points. Marcy knew the meaning of this before the excited and angry Beardsley yelled, at the top of his voice:

"The rascal is trying to dodge us. He's got lookouts aloft. Run up that flag, Marcy, and see if that won't quiet his feelings. Them war ships down to Hatteras have posted him, and if we don't handle ourselves just right we'll never bring him within range."

Marcy lost no time in running up the old flag; but if the master of the brig saw it he was not deceived by it. He showed no disposition to run back to Hatteras, and put himself under protection of the war ships there, as Marcy thought and hoped he would, but put his vessel before the wind, squared his yards, and trusted to his heels. It looked to Marcy like a most desperate undertaking, for you will remember that the schooner was far ahead of the brig, and that the merchant captain was about to run by her. It didn't seem possible that he could succeed, but the sequel proved that he knew just what his vessel was capable of doing. She came up at a "hand gallop," and finally showed herself from water-line to main-truck in full view of the privateer's crew. Her canvas loomed up like a great white cloud, and her low, black hull, by comparison, looked no bigger than a lead pencil. She went like the wind, and Marcy Gray told himself that she was the most beautiful object he had ever seen.

"I hope from the bottom of my heart that she will get away," was the one thought that filled his mind.

Perhaps the wish would have been even more fervent if he had known who was aboard that brig.

CHAPTER IV.

TWO NARROW ESCAPES.

"Another Cuban trader," shouted Captain Beardsley, standing erect upon the crosstrees and shaking his eye-glass in the air. "She's worth double what the Hollins was, dog-gone it all, and if we lose her we are just a hundred thousand dollars out of pocket. Pitch that shell into her, Tierney. Take a stick out of her and I'll double your prize money. Run up our own flag, Marcy. May be it will bring him to his senses."

The howitzer's crew sprang at the word. The canvas covering was torn off the gun and cast aside, the train-tackles were manned, and a minute afterward a fifteen-second shrapnel went shrieking toward the brig, all the privateer's men standing on tiptoe to watch the effect of the shot. To Marcy's great delight the missile struck the water far short of the mark, ricocheted along the surface a few hundred yards farther, and finally exploded, throwing up a cloud of spray, but doing no harm to the brig, which never loosened tack or sheet, but held gallantly on her way. A moment after the shrapnel exploded, her flag—the old flag—fluttered out from under the lee of her spanker, and little puffs of smoke arose from her port quarter. Some of her crew were firing at the privateer with rifles. Of course, the distance was so great that they never heard the whistle of the bullet, but it was an act of defiance that drove Captain Beardsley almost frantic.

"When we catch her I'll hang the men who fired those shots," he shouted, jumping up and down on his lofty perch. "What are you standing there gaping at, Tierney? Give that gun more elevation and try her again."