Lemuel Hankers was on deck with his son when the party came into sight of the ship.

He gazed intently at the group of running persons who were waving their hands, frantically, toward the ship.

"Give me a glass!" he cried, quickly.

The powerful marine glass belonging to Captain Nesik was handed to him.

He gave one look, then muttered an imprecation not to be placed upon these pages.

"Who is it?" questioned Bart.

"Dave Fearless, Captain Broadbeam and some others, probably men from the Swallow!"

"What!" ejaculated the youth. "And look, they act as if they wanted to board our ship!"

"They must have learned of Pete Rackley's doings!" burst from Lemuel Hankers' lips, and his face grew deadly pale.

"Then our jig is up, dad."