As the wind began to moderate he cast his eyes about for something with which they might bale out the "Nettie Nelsen's" boat. He was particularly anxious to get this task accomplished in order that they might have a sanctuary from danger which had just occurred to him. The thought of this new peril actually blanched the captain's weather-beaten cheeks, but a quick glance at Nat's worn countenance, white and lined with anxiety, told him that he had better not add to the strain on the lad by mentioning what had just crossed his mind.

The water was warm, fortunately, but even so Nat began to feel chilled and cold. This was partly due to the fact that he had taken no nourishment for so long a period. It was a symptom of exhaustion.

At length the sun rose, and as his rays gilded the tossing seas the wind began to die down till within a short time all trace of the storm had vanished. The sea grew smooth and the air hot. Captain Nelsen's first impulse was to look about for a sign of the "Nettie Nelsen," but not a trace of her was to be seen. She had vanished as utterly as the storm before which she was driving when they saw her last.

"Vell, dere vos some comfort in dot, anyhow," said the captain to himself; "dose murdering thieves von't get us even if der sharks——"

The sharks!

That was the peril of which Captain Nelsen had refrained speaking to Nat. As the above reflection crossed his mind, the honest German's eyes almost popped out of his head at the sight of something he perceived not far from the boat, moving aimlessly about on the now smooth water.

The object was a black triangular fin!

As he gazed it was joined by another and yet another, till there were six in all.

But at almost the same instant as the captain had sighted the sharks, Nat, who had been gazing down into the water which filled the boat in the hope of getting something to bale with, gave a cry of joy. In the bow, wedged in under a triangular brace, was a baling can belonging to the craft. And what to his eyes was almost as welcome a sight, farther back in the little craft and beneath a seat which had doubtless prevented it being washed overboard, was the sapphire chest. Nat's drooping spirits were considerably revived by these two discoveries, and he greeted the captain, who had looked up at the lad's cry of delight, with a feeble cheer.

"Hooray, captain! Never say die! With that can we'll have the boat baled out before long and——"