The bow of the ship dipped, and Señor Zorro felt himself soused beneath the water for an instant. He gripped the chain with his hands and his leg and fought to maintain his position. His arms were aching, and the chain had cut through his clothing already and was chafing at his leg. Once more the bow dipped, and Zorro slipped a few feet along the chain, unable to stop his descent.

He gripped with his leg again. His hands came to a stop, and he realized that the rope that bound them had found an obstruction. Zorro worked slowly and carefully with his fingers, even as he held on. One of the links of the chain, he found, was imperfect, had cracked, and presented on one side a jagged edge.

Hope sang in his breast once more. But he knew that he would have to work carefully. He did not dare release his hold entirely, for a sudden dip of the bow and the quick wash of the water would be enough to sweep him from the chain. But he sawed back and forth as well as he could, pulling the rope across the rough edge of the chain link.

He glanced ahead. The ships were not far apart now, and the schooner swung a bit to starboard, so as to bear down upon the pirate craft from a more advantageous angle. Zorro worked frantically, and after a time he felt the rope give. His wrists were raw and paining. His leg was bleeding already. There were pains in his head, and his vision was imperfect, but hope sang within him once more.

He sawed and sawed, and once more he glanced ahead. It would not be long now before the ships clashed. He wanted to be up on the deck, normal breath in his nostrils and the sword of Zorro in his hand, to aid his friends, to fight his way to the deck of the pirate craft and to the señorita’s side.

The rope gave again. Señor Zorro was forced to rest for a moment, leaning back on the chain. A wave swept him to one side, and he thought for an instant that he was gone. But he regained his balance and continued his sawing.

And presently he knew that he was free. The rope dangled from one wrist only. He gave an exclamation of delight and thanks, gripped the chain, and turned over. He regarded his bleeding wrists, hesitated a moment, gathered breath and courage, and commenced the perilous ascent of the chain.

It was a painful and difficult task. Señor Zorro set his teeth into his lower lip and struggled upward foot by foot. The swinging chain, slippery, from the sea, threatened to pitch him back into the water. Every few feet he was obliged to stop, to gasp for breath and close his eyes for a moment because the pain in his wrists and leg made him weak with nausea.

He came within a short distance of the vessel, slipped back, and forced his way upward again. And finally he grasped with one hand the chain port and held on. His hope had increased now. Nothing would make him loose his hold, he told himself.

A moment he rested, then forced his way upward again. The schooner was very close to the pirate ship now. On the deck above him Señor Zorro could hear Don Audre Ruiz shrieking instructions to the caballeros and the captain shouting to his crew.