And this was the report that was sent down by every lookout who went aloft during the next four days; and what a time of excitement and suspense that was for Marcy Gray and all the rest of the Hattie's crew. Perhaps there was not so much danger of being run down at night by some heavy vessel as there would have been a few months before, but Marcy's nerves thrilled with apprehension when he stood holding fast to the rail during the lonely mid-watch, and the schooner, with the spray dashing wildly about her bows and everything drawing, was running before a strong wind through darkness so black that her flying-jib-boom could not be seen, and there was no light on board except the one in the binnacle.

"I know it's dangerous and I don't like it any better than you do," Beardsley said to him one night. "But think of the money there is in it, and what a fule you were for not taking out a venture when I gave you the chance. I bought four bales apiece for the mates, and they will pocket the money that you might have had just as well as not."

"But I want to use my seventeen hundred dollars," replied Marcy; and so he did. He still clung to the hope that he might some day have an opportunity to return it to the master of the Hollins, and that was the reason he was unwilling to run the risk of losing it.

"Go and tell that to the marines," said Captain Beardsley impatiently. "They'll believe anything, but I won't. You don't need it; your folks don't, and I know it. Keep a bright lookout for lights, hold a stiff upper lip, and I will take you safely through."

And so he did. Not only were the Federal war ships accommodating enough to keep out of the way, but the elements were in good humor also. The schooner had a fair wind during the whole of her perilous journey, and in due time it wafted her into the port of Nassau. Although Marcy Gray had never been there before, he had heard and read of New Providence as a barren rock, with scarcely soil enough to produce a few pineapples and oranges, and of Nassau as a place of no consequence whatever so far as commerce was concerned. It boasted a small sponge trade, exported some green turtles and conch-shells, and was the home of a few fisherman and wreckers; this was all Marcy thought there was of Nassau, and consequently his surprise was great when he found himself looking out upon the wharves of a thriving, bustling little town. The slave-holders' rebellion, "which brought woe and wretchedness to so many of our States, was the wind that blew prosperity to Nassau." When President Lincoln's proclamation, announcing the blockade of all the Confederate ports was issued, Nassau took on an air of business and importance, and at once became the favorite resort of vessels engaged in contraband trade. There were Northern men there too, and Northern vessels as well; for, to quote from the historian, "The Yankee, in obedience to his instincts of traffic, scented the prey from afar, and went there to turn an honest penny by assisting the Confederates to run the blockade." The supplies which the Confederates had always purchased in the North, and of which they already began to stand in need, were shipped from Europe in neutral vessels; and being consigned to a neutral port (for Nassau belonged to England), they were in no danger of being captured by our war ships during the long voyage across the Atlantic. It was when these supplies were taken from the wharves and placed in the holds of vessels like the Hattie that the trouble began, and men like Captain Beardsley ran all the risk and reaped the lion's share of the profits. Almost the first thing that drew Marcy's attention was the sight of a Union and Confederate flag floating within a few rods of each other.

"What's the meaning of that?" he asked of Beardsley, as soon as he found opportunity to speak to him. "We don't own this town, do we?"

"No; but we've got a Consulate here," was the reply. "I don't know's I understand just what that means, but it's some sort of an officer that our government has sent here to look out for our interests. If a man wants to go from here to our country, he must go to that Consulate and get a pass before any blockade-runner will take him. Now don't you wish you had took my advice and brought out a venture?"

"It's too late to think of that now," answered Marcy. "And your own profits are not safe yet. It must be all of a thousand miles from here to Newbern, and perhaps we'll not have as good luck going as we did coming. I am to have a hundred dollars to spend here, am I not?"

"Course. That's what I promised before you and the rest signed articles.
I'll give it to you the minute this cotton is got ashore and paid for.
What you going to do with it?"

"I thought I would invest it in medicine."