"At any rate, I've spoiled Merritt's beauty for him," thought Ned with a grim satisfaction.

He was left unmolested in his prison place for what seemed hours. Finally, after an interminable period, he began to notice that the rough rolling motion of the sloop had ceased. Had the sea gone down, or were they at anchor in some sheltered haven, he wondered. He was not to be long in doubt.

The door was flung open. Merritt, Kennell and Muller entered. At a word from Muller the powerless Ned was shoved and half carried through the portal. Then he was propelled up the companionway stairs.

"Are they going to chuck me overboard?" he found himself wondering.

A swift glance showed him that the sloop was anchored in a small bay. The sky was clear and a bright moon showed the surroundings to be sand dunes and desolate barrens.

"Is the boat ready?" he heard Muller ask.

From over side, where the sloop's dinghy was floating, came a response in the affirmative. The next instant Ned found himself tumbled from the sloop's low side into the small craft. The fall bruised him considerably, but if his captors had expected him to make any outcry they were deceived. He uttered no word of complaint, although, what with the tightness of his bonds and the jouncing his fall had given him, he was in considerable pain.

Herr Muller, Chance, Merritt and Kennell dropped into the boat after him, taking the places of the two men who had unlimbered it from the stern davits.

Evidently their plans had been prearranged, for Chance and Merritt fell to the oars without uttering a word. Muller and Kennell, grim and silent, sat in the stern.