"Catch hold there," said Jack, and seeing the boat, St. John made a wild clutch for the gunwale, nearly upsetting the craft.

"Don't—you'll have me in the water next!" screamed Marion. Then Jack steadied the boat, and St. John scrambled in over the stern, to fall on the bottom all but exhausted, and so frightened that he could not utter a word. Jack followed on board.

"Oh, St. John, what a narrow escape!" gasped Marion, after Jack was safe. "I thought you would surely be drowned!"

For the moment St. John did not speak. He sat up, panting heavily.

"The race is off," said Jack. "Shall I go after your boat, St. John?"

"I don't care," growled the spendthrift, at last. "Where is she?"

"Caught between the rocks."

"Let Old Ben get the boat," put in Marion. "Both of you had better get home with your wet clothing."

"I'm all right," answered the spendthrift coolly.

"St. John, Jack saved your life."