"Smash them if they come too near," said Fred.

"No, no, Fred; that wouldn't do. When I tell you to stop and back her, do it promptly, and we can easily get away from them. Pull steady."

The boys rowed leisurely, and the Zephyr in a short time reached a position which was exposed to the assault of the Thunderbolt.

"Pull," cried Tim Bunker, with energy.

Her course was at right angles with that of the Zephyr. Tim had apparently made a nice calculation in regard to his intended movements. He had started so as to come up with his rival when she reached the point in her course directly ahead of him.

The Bunkers pulled with all their might, and the two boats were rapidly nearing each other. Tim's plan had been well conceived, and the collision seemed inevitable. Frank saw that he had rightly interpreted the intentions of the Bunkers, but he still continued his course.

Suddenly, as the Thunderbolt was on the point of pouncing upon her prey, Frank, with startling energy, gave the command,—

"Way enough! Hold water! Stern all!"

Every boy, expecting the orders, was ready to execute them. The oars bent under the violent exertion they made to check the farther progress of the boat.

When the collision seemed unavoidable, Tim abandoned the helm, and leaped forward into the bow of the boat. He had a large stick in his hand; and it was evidently his intention to use it upon poor Tony, for his glance was fixed upon him with savage ferocity.