“But you can make some amends for it by starting for Lost Island at once,” said Mr. Chase. “You will find two of the smugglers there, and perhaps you can compel them to tell you something of the vessel of which you are in search. More than that, they have made a prisoner of my son, and he knows what has become of Fred Craven.”

“I am at your service. I will sail again immediately, and I shall reach the island about daylight. If you gentlemen with your tug arrive there before I do and need assistance, wait until I come. Captain Gaylord, if you will step into my gig I shall be happy to take you on board your vessel. You may go home now, and these gentlemen and myself will attend to those fellows out there on Lost Island. If we find them we shall certainly capture them.”

“And when you do that, I shall not be far away,” replied Walter.

“Why, you are not going to venture out in this wind again with that cockle-shell, are you?” asked the captain, in surprise.

“I am, sir. I built the Banner, and I know what she can do. She has weathered the Gulf breeze once to-night, and she can do it again. I am not going home until I see Fred Craven safe out of his trouble. In order to find out where he is, I must have an interview with Henry Chase.”

Mr. Craven and Mr. Chase, who were impatient to start for Lost Island again, walked off toward the tug, and Walter stepped down into the captain’s gig and was carried on board the Banner. His feelings as he sprang on the deck of his vessel were very different from those he had experienced when he left her. The last time he clambered over her rail he was a prisoner, guarded by armed men and charged with one of the highest crimes known to the law. Now he was free again, the Banner was all his own, and he was at liberty to go where he pleased.

“Mr. Butler, send all the cutter’s hands into the gig,” said the revenue captain, as he sprang on board the yacht.

“Very good, sir,” replied the lieutenant. “Pass the word for all the prize crew to muster on the quarter-deck.”

“Banner’s men, ahoy!” shouted Walter, thrusting his head down the companion-way. “Up you come with a jump. Perk, get under way immediately.”

For a few seconds confusion reigned supreme on board the yacht. The revenue men who had been lying about the deck came aft in a body; those who had been guarding the prisoners in the cabin tumbled up the ladder, closely followed by the boy crew, who, delighted to find themselves once more at liberty, shouted and hurrahed until they were hoarse.