He waited.

The time seemed endless. Yet at last the end came. The sharks could not have seen him, for they gradually moved away until they were out of sight.

Brandon did not dare to advance for some time. Yet now, since the spell of this presence was removed, his horror left him, and his former hope animated all his soul.

There lay that object before him. Could he advance again after that warning? Dared he? This new realm into which he had ventured had indeed those who were ready and able to inflict a sudden and frightful vengeance upon the rash intruder. He had passed safely among the horrors of the coral forest; but here, on this plateau, could he hope to be so safe? Might not the slightest movement on his part create a disturbance of water sufficient to awaken the attention of those departed enemies and bring them back?

This was his fear. But hope, and a resolute will, and a determination to risk all on this last hazard, alike impelled him on. Danger now lay every where, above as well as below. An advance was not more perilous than an ascent to the boat. Taking comfort from this last thought he moved onward with a steady, determined step.

Hope grew stronger as he drew nearer. The dark mass gradually formed itself into a more distinct outline. The uncertain lines defined into more certain shape, and the resemblance to a ship became greater and greater. He could no longer resist the conviction that this must be a ship.

Still he tried feebly to prepare for disappointment, and made faint fancies as to the reason why a rock should be formed here in this shape. All the time he scouted those fancies and felt assured that it was not a rock.

Nearer and nearer. Doubt no longer remained. He stood close beside it. It was indeed a ship! Its sides rose high over head. Its lofty stern stood up like a tower, after the fashion of a ship of the days of Queen Elizabeth. The masts had fallen and lay, encumbered with the rigging, over the side.

Brandon walked all around it, his heart beating fast, seeing at every step some new proof that this must be no other, by any conceivable possibility, than the one which he sought. On reaching the bows he saw the outline of a bird carved for the figure-head, and knew that this must be the Phoenix.

He walked around. The bottom was sandy and the ship had settled down to some depth. Her sides were covered with fine dark shells, like an incrustation, to a depth of an inch, mingled with a short growth of a green, slimy sea-weed.