"You have made good time!" called Captain Ringgold. "What steamer is that coming over from Carnero Point?"

"Rush on board of the ship, and tell the captain all about it, Louis!" cried Scott, as soon as the Maud was abreast of the gangway.

Louis leaped upon the steps, and hastened up to the deck, confronting the commander on the rail.

"Is it possible that you have come back without an adventure?" demanded Captain Ringgold, as he grasped the hand of his owner.

"No, sir; it is not possible," replied Louis, as they stepped down upon the deck. "You asked what steamer that was coming in from Carnero Point?"

"I did; do you know her?" And Louis could see that the commander wore an anxious look on his face.

"I do know her, for she has been chasing us for the last three hours. She is the Grand Mogul's steam-yacht, the Fatimé," replied Louis.

"Chasing you? Then how in the world did you get away from her?" demanded the captain, with a heavy frown upon his brow.

"We ran into shoal water and gained a mile and a half on her; but Captain Scott can tell you all about that better than I can. He managed exceedingly well, sir."

"Did I understand you to say, Louis, that the steamer approaching was the Fatimé?" asked Mr. Woolridge, putting his hand on the young man's shoulder, for he had been seated near the gangway smoking his cigar, and had overheard the report made to the captain.