But arresting Ramon was not so much in the thoughts of the Americaños just then as the result of the race to reach the Salvador. Madeline's launch was gaining steadily, but both boats were gradually drawing nearer to their destination and the problem was which could arrive first? Already the little boat had been seen and its purpose understood by the wily Mexican. He could not know how it was that the Americans had managed to secure their boat and were able to follow him so soon, but the fact that they were in his wake and quickly closing the gap between the two launches was sufficient information for the time being, and it did not particularly disturb him.

Ramon Ganza reasoned that in order to beat him to the yacht the little launch must pass near him, but in doing so he would intercept it and by grappling it with boat-hooks take it and its occupants along with him. If the Americans kept out of range and gave his boat a wide berth, he would be able, in spite of their superior speed, to beat them to the yacht by maintaining his course in a straight line.

This danger was soon appreciated by the pursuers; for, whenever they altered their course, Ganza altered his, to head them off by getting directly in their way.

"Ah," said Mr. Cumberford, grimly, "this interests me."

"It interests us all," observed Steve, dryly. "The big boat is like a rock in our path."

Orissa looked at her brother inquiringly.

"How shall I steer?" she asked.

"We shall have to circle around them, to keep out of their way. They think that they will beat us, and they may; but I'm not sure of it—as yet."

"Is it best to argue the point, Steve?" asked Chesty.

"I really think our salvation depends on our getting to the yacht first," was the reply.