“No one would take you up on that bet, Fabian, because it is a sure thing!” exclaimed Mr. Ashby.

Mr. Dalken got up from his chair and stood gazing at his two old friends as he said: “I never dreamed that you both would take sides against me! But of such ungrateful stuff is the human heart!” Heaving a dreadful sigh he turned away and walked over to the window of the saloon which gave him a view of the Harbor, “Hoh!” called he, invitingly. “See whom we have out there with us!”

Instantly every one sprang up and hurried to the windows. Through the darkness of the fast-falling night, they could just see the large outline of the Peruvian steamer from Panama to Valparaiso.

“I wish we could get close enough to enable us to take a picture of it,” said Polly, wistfully.

“You could never do it! It’s too dark,” said Nancy.

“If Dalky had the Captain turn the searchlight on full force we might get a good time exposure of it,” suggested Eleanor.

“At least you might try it,” agreed Mr. Dalken. “I’ll tell the Captain to use the light when he thinks it the proper moment. Then you girls can experiment with your cameras.”

The confusion of the crowded masses on the decks of the Peruvian, combined with the soft-coal and wood-burning engine which created a ceaseless bang and clang of its steel parts, was most deafening to human ear-drums; also the darkness which screened the yacht prevented those on the Peruvian from noticing the smaller craft which rode serenely at anchor not far away.

Suddenly the Captain on the White Crest saluted with the siren as the big steamer started, and the hoarse blast from the Peruvian as it left its dock instantly brought all passengers to that side of the steamer whence the yacht was heard and seen. Many of the passengers of the steamer had retired, but that made no difference when such a sight as a graceful, private, oceangoing yacht was to be seen so close by. Therefore it was not many minutes before a triple line of heads could be seen along the rail of the rolling Peruvian.

At an unexpected moment the Captain of the White Crest gave the signal for the powerful searchlight to be thrown on the big southern steamer. And at that signal Polly and Eleanor focussed their cameras, and began the time exposure of the pictures.