"What schooner is that?" called Leopold, as the yacht came up into the wind.

"The yacht Orion, of New York," replied Captain Bounce.

The skipper of the Rosabel ran under the lee of the Orion, and came up into the wind all shaking. Leopold threw his painter to the uniformed seamen of the yacht, and then hauled down his jib.

"Where are we?" asked Captain Bounce, rather nervously for an old salt.

"Two miles off the High Rock ledges; you were headed directly for them," replied Leopold, as he let go the halyards of the mainsail.

When he had secured the sail, he ascended the accommodation steps, which the seaman had placed on the side for his use. One of the hands carried the painter of the Rosabel to the stern of the Orion.

"I don't know where we are now," said Captain Bounce, who was a short, stout man, with grizzly hair and beard, both reeking with moisture from the fog; and he looked like the typical old sea-dog of the drama.

"Do you know where we are, young man?" asked one of the gentlemen who had filed up the companion-way.

Leopold started suddenly when he heard the voice and turned towards the speaker.

"Of course I do, Mr. Hamilton," replied Leopold, briskly. "I reckon you don't know me, sir."