Dick Sand explained to Jack how the "Pilgrim," ballasted properly, well balanced in all her parts, could not capsize, even if she gave a pretty strong heel to starboard, when the little boy interrupted him.

"What do I see there?" said he.

"You see something, Jack?" demanded Dick Sand, who stood up straight on the booms.

"Yes—there!" replied little Jack, showing a point of the sea, left open by the interval between the stays of the standing-jib and the flying-jib.

Dick Sand looked at the point indicated attentively, and forthwith, with a loud voice, he cried;

"A wreck to windward, over against starboard!"

* * * * *

CHAPTER III.

THE WRECK.

Dick Sand's cry brought all the crew to their feet. The men who were not on watch came on deck. Captain Hull, leaving his cabin, went toward the bow.