The sailor had found a piece of canvas and was standing on the stump of one of the masts, waving a signal.

Carl's eyes wandered out over the water, and his heart gave a bound as they rested on a sail not more than half a mile away.

"It's a schooner," shouted Dick, "and her lookout has seen us! The craft's lying-to, matey, and we'll be taken off this old hulk in a brace of shakes."

"Hoop-a-la!" shouted Carl.


[CHAPTER XII.]

A STUNNING SURPRISE.

As the overjoyed boys watched the trim little schooner, she came gracefully about, a boat was put over, and four men got into it and started for the wreck.

"This is what I call luck!" exclaimed Dick. "One day and two nights on the derelict, and now we're going to be taken off."

"Aber ve don'd ged some salfage," said Carl, with a note of regret in his voice, "like vat ve vould do oof ve sailed der terelick indo New Orleans."