ONE day late in September—it was near evening of a gray day—Billy Topsail and Bobby Lot were returning in Bobby's punt from Birds' Nest Islands, whither they had gone to hunt a group of seals, reported to have taken up a temporary residence there. They had a mighty, muzzle-loading, flintlock gun; and they were so delighted with the noise it made that they had exhausted their scanty provision of powder and lead long before the seals were in sight.

They had taken the shortest way home. It lay past Chain Hole, a small, landlocked basin, very deep, with a narrow entrance, which was shallow at low tide. The entrance opened into a broad bay, and was called Chain Tickle.

"What's that in the tickle?" Billy exclaimed, as they were rowing past.

It was a black object, apparently floating quietly on the surface of the water. The boys gazed at it for a long time, but could make nothing of it. They were completely puzzled.

"'Tis a small bit o' wreck, I'm thinkin'," said Bobby. "Leave us row close and see."

"Maybe 'tis a capsized punt."

When they were within about thirty yards of the object they lay on their oars. For some unaccountable reason they did not care to venture nearer. Twilight was then fast approaching. The light was already beginning to fail.

"'Tis a wonderful queer thing!" Billy muttered, his curiosity getting the better of him. "Row ahead, Bobby. We'll go alongside."

"They's something movin' on it!" Bobby whispered, as he let his oars fall in the water. "Look! They's two queer, big, round spots on it—big as plates."

Billy thought he saw the whole object move. He watched it closely. It did stir! It was some living thing, then. But what? A whale?