But although he reassured himself, the boy felt far from secure in his belief. After a further painstaking search he was fain to confess—what he really believed from the first—that the dinghy which had lain there a short time before had mysteriously vanished!

“Can it be those miserable Daniels?” gasped Harry to himself. “Yes, it must be,” he went on, answering his own questions, “who else would have done it, unless it drifted off.”

He was moving about as he spoke, and as he uttered the last words he stumbled across something that showed him very plainly that the dinghy could not have drifted away from the beach. What he had fallen over was the anchor firmly embedded in the sand, with a length of rope still attached to it.

Harry felt along the bit of rope in the darkness till he reached the end of it. Then he struck a match. In the flicker of light which followed he saw plainly enough what had occurred—the rope had been slashed through. The boy had just made this discovery when from the water he heard something that caused him to listen acutely, bending every sense to the operation.

What he had heard was the splash of an oar, and a quick exclamation of impatience, as if the rower, whoever he was, had blamed his involuntary misstroke.

“Some one’s out there, and they’re aboard the schooner, too; or I’m very much mistaken,” exclaimed Harry to himself, as, listening acutely, he caught the sound of footsteps proceeding, seemingly, by their hollow ring, from the decks of the dismantled hulk; “what will I do? If I fire the pistol I’ll scare them off, and if I don’t——”

He stopped short. A sudden daring idea had flashed into his mind. The boy hastily slipped off his shoes and divested himself of all but his undergarments. Then, leaving his pistol on the beach, he slipped noiselessly into the bay and struck out in the direction of the schooner. The water was bitterly cold, as it always is off the Maine coast, even in the height of summer, but Harry kept dauntlessly on, determined to brave anything in the execution of his purpose.

The hulk lay only about a hundred yards off the shore, and before long he could see her dark outlines looming up against the lighter darkness of the sky on the horizon. He fancied, but could not be certain that it was not an illusion, that for an instant he could see two forms creeping along the decks. The next moment something showed up ahead of him with which he almost collided.

Harry, with a gasp of gratitude, for the water had chilled him to the bone, recognized it as the motor boat. As silently as he could he drew himself up into it, and then, casting himself flat in the cockpit, he listened with all his might for further sounds from the schooner.

CHAPTER IV.—CUT ADRIFT.