The big man led the way, and in a few minutes they reached the coal wharf, under which the boat was moored. She was a heavy, clumsily-built craft, and Cressingham, on getting aboard and striking a match, cursed her filthy state. The tall man stepped to the mast and hoisted the lug-sail, and Cressingham, taking the tiller, kept her out towards the Belted Will whose riding light was discernible right ahead.

“We must look out for the buoys, sir,” said the gruff-voiced man, as the breeze freshened up and the heavy boat quickened her speed.

“All right,” said Cressingham, and pulling out a cigar from his overcoat he bent his head and struck a light.

Ere he raised it the white-haired man had sprung upon him like a tiger, and seized his throat in his brawny hands. For a minute or so Cressingham struggled in that deadly grip, and then lay limp and insensible in the bottom of the boat.

Challoner, with malignant joy, leaned over him with a world of hate in his black eyes, and then proceeded to business.

Lifting the unconscious man he carried him for'ard, and, placing him upon a thwart, gagged and bound him securely. Then he went aft and, taking the tiller, hauled the sheet in and kept the boat away again upon her course for the Belted Will.

He passed within a quarter of a mile of the huge, black mass with the bright riding light shining upon the fore-stay, and the look-out from the steamer took no notice of the boat as she swept past toward the open sea.


Daylight at last. For six hours the boat had swept before the strong northerly wind, and the land lay nearly thirty miles astern, lost in a sombre bank of heavy clouds and mist. Challoner had taken off his rough overcoat and thrown it over the figure of his enemy. He did not want him to perish of cold. And as he steered he fixed his eyes, lighted up with an unholy joy, upon the bent and crushed figure before him.

Cressingham was conscious now, and stared with horror-filled eyes at the grim creature in the craft before him—a gaunt, dark-faced man, clad in a striped guernsey and thin cotton pants, with a worn and ragged woollen cap stuck upon his thick masses of white curly hair. Who was he? A madman.