"Lower, it is," answered Ethan.

"Slowly," added the pilot, as he hauled in the rope.

"It is going to the right place. I can see it in the water."

"Hold on!" cried Lawry; and the wherry was so unsteady beneath him that it was with great difficulty he "kept what he had got" on the rope.

In order to overcome this disadvantage he passed the rope around the smokestack.

"I have it now!" shouted he. "This gives me a splendid purchase;" and he hauled in the rope, bringing the hogshead chock up to the hull of the sunken craft.

"We are growing wiser every moment," laughed Ethan.

"So we are. Lower away, slowly. That's it," said Lawry. "Lower away."

"The sinker is on the bottom," replied Ethan.

"All right; can you see the hogshead?"