The man was evidently dying. West, from his experience on European battle-fields, felt assured the end was indeed close at hand. His face under the flitting rays of the swinging light was ghastly and drawn, his words were barely audible, and painfully uttered, while, as the arm supporting his head was withdrawn, he sank back heavily into his former position, and his eyes instantly closed. Only as West bent lower could he determine the surety of his breathing still.

There was nothing to be done for Masters; no occasion for lingering there helplessly. The yacht was sinking under their feet, going down slowly, but surely, and the end could not be far off. The very movement of the vessel sickened him, brought to him a sensation of fear. Moreover he knew the truth now, and saw clearly his duty. The watchman had not told much, but it was sufficient to verify all his former suspicions. These fellows he fought were desperate criminals, playing for high stakes, conspiring to even commit murder to achieve their object—which could be nothing less than gaining possession of the Coolidge fortune. To that end they had coolly planned the sinking of the Seminole in mid-lake, with the helpless girl locked securely in her cabin. It was a cowardly, diabolical crime, and yet, no doubt, they had figured it as the safest method of completely disposing of her. And, but for the accident of his presence on board, and his having been awakened by that incautious voice, the foul plot would probably have proven successful. They had already got safely away, leaving her behind a prisoner, her only possible rescuer this watchman wounded unto death. The yacht was sinking in the dark, going steadily down in those night shrouded waters. Who would ever know? The main body of the crew, perhaps, never even dreamed of her presence aboard. There was no evidence, nothing to convict the men really guilty. Here was the scheme of a master-mind in crime. West weaved his way across the rolling deck of the cabin to the stateroom door Masters had pointed out as the one sheltering the girl. There was no sound from within, nor would the knob yield to his grasp. It was locked, the key gone. There was no time to wait and hunt for that missing piece of metal doubtless safely hidden in Hogan's pocket, or else thrown overboard; he must break a way in; but first he must explain to her, so as to spare her the sudden fright of such an assault. He rapped sharply on the panel, pausing an instant for a response. None came, and he knocked again more roughly.

"Miss Coolidge: you are there, are you not?"

"Yes; who is that?" almost a cry of delight in the voice. "You—you have a voice I know."

"I am Matthew West; but do not ask questions now. The yacht is going down, and I must break this door in to release you. Stand back while I smash the boards. You hear and understand?"

"Yes—yes: I am safely away; have no fear."

The light revealed the weapon he required just beyond where Masters lay—a heavy hatchet, still stained with blood, probably the very instrument with which the watchman had been brutally struck down. That made no difference now, and West snatched it up, and began to splinter the wood with well directed blows. He worked madly, feverishly, unable to judge there in the cabin whether he had a minute, or an hour, in which to effect their rescue. All he knew was that every second was worth saving, and with this impulse driving him, swung the sharp blade with all his strength and skill, gouging out great splinters of wood, and finally forcing the lock to yield. He sprang eagerly through the opening, the hatchet still in his grasp, and faced her.

She stood there looking straight at him, seemingly unable even yet to wholly realize the marvellous truth of his presence. The light from the swinging lamp in the big cabin beyond, streamed in through the shattered doorway, and revealed her face, pale, but unafraid, the eyes wide-open, the lips parted. An instant both paused, and then she cried out in sudden relief.

"Oh, it is really you, Captain West. I know now. What has happened? How did you come to be here?"

"Not now," he insisted. "Don't ask me now. Just come as quick as you can.
Do you not realize the boat is sinking, going down under our very feet?
For all I know it may take the plunge before we can reach the deck. There
is no time for anything but action. Quick; let me take your hand."