“Yis, sor. Sunken under the wather, sor. A rale ship, sor!”

At once Frank was interested. He gazed out through a dead-eye window, and saw that Barney was right.

There, in the path of the Dolphin was a sunken ship. It was full rigged, and had apparently gone down with all sails set.

What was more, it was a whaling vessel, as its blackened funnels and high bulwarks attested.

“A sunken whale ship!” cried Frank.

Stanhope heard him.

“Is it?” he cried. “Mercy! What a sad fate!”

“But the Arctic holds many such.”

“You are right. Shall we stop to search her, Frank?” asked the explorer.

The young inventor shook his head.