Coming round the southern point of the horseshoe-shaped bay was a trim and trig white craft with one slender mast, but no funnel. She was coming swiftly, too. The white foam at her bow showed how she was cutting through the water.

"'Nomad,' ahoy!" shouted Nat, standing erect in his stirrups and waving his sombrero, utterly oblivious of the fact that at that distance it would have been quite impossible to have seen, much less heard, him.

The others caught his enthusiasm. Indeed the "Nomad" was a sight to make the veriest landsman wax enthusiastic. As she cut round the point and neared the land they could catch the glint of polished brass and wood work when she rolled to the Pacific swell.

Presently the lone figure on her bridge could be seen to issue an order to another man, who was on the forward part of the little motor craft. There was a splash at the "Nomad's" bow, and she came to a standstill.

"Anchored!" cried Nat.

At the same instant the figure they had descried on the bridge was seen running aft. In a moment, from the jack-staff astern, appeared something that made all their hearts beat a bit faster—Old Glory! The land breeze caught the flag's folds and whipped them out splendidly.

"Well, boys, there's the gallant little craft that will take us all safe to Santa Barbara and give us many a jolly cruise beside!" cried Nat, a note of exultation in his voice.

"Our dream ship!" cried Joe poetically.

"Our ter-ter-ter-treasure ship you mean," sputtered Ding-dong. "She'll get the sapphires safely through and Morello can hang about all he wants to, waiting for us to show up in the good old automobile."

"Yep, I reckon we've fooled the old coyote this trip, smart as he is," chuckled Cal, leaning over to adjust a stirrup leather.