All sorts of shouts broke from the boys; and George, leaning over the side of his stalled Wireless, in the vain hope of being able to clutch the boy who was in the dangerous waters of the inlet, came near upsetting his tottering boat completely.

Nick had disappeared as soon as he struck the water, but such a fat fellow could not long remain under the surface, so he speedily made his appearance, struggling terribly, and looking badly frightened.

There had been a time when Nick could not swim a stroke; but, by keeping heroically at it, he had managed to master the art to some extent. Desperation assisted him in this predicament, and the way he threshed the water was a caution. Herb afterwards declared it beat any old stern-wheel towboat he had ever seen, charging up the current of the mighty Mississippi.

Luckily enough, Jack had anticipated something of this sort. That was why he had persisted in keeping as close to the speed boat as he dared, without risking a collision. He later on said he felt it in his bones that if the Wireless had one more kink of evil in her, she was just bound to let it out at the most critical moment. And it had proven just so.

The first thing Jack did when he saw the head and wildly plunging arms of his fat chum appear, was to hurl the life preserver he had snatched up from the spot where he kept it handy.

And so well aimed was the cork buoy that it fell just in front of the struggling Nick, who gave a half-strangled whoop, doubtless under the impression that it was a shark, or perhaps one of those same mermaids he had declared it his ambition to meet face to face.

"Grab hold of it, Nick!" shouted George, excitedly.

"It's a life preserver. Get a grip on it, Nick!" bellowed Jack, as he gradually turned the nose of the Tramp around, meaning to bear down upon the imperiled boy.

Luckily Nick heard what they said, for he was seen to make a wild clutch for the floating buoy, and catch hold of it before the treacherous swirls carried it beyond his reach.

"Oh! look there!" shrieked Jimmy. "That must be the fin of a shark!"