On the edge of the Great Bahama, near the turn of the Caicos bank, the hull of the Stella Polare lay high on the coral reef. She was a passenger steamer, and had made the run many times between Havana and the Mediterranean ports. She had run with an easy company, and many passengers had changed their countries in her; for she had been a crack packet in her day; and her day had passed, joining the vast host in limitless time.

From a distance the black hull loomed large and sinister, a long iron mass standing out clearly in the surrounding whiteness of coral and foam. Closer observation showed the rusty plates, the paintless cabin houses, and the weather-worn woodwork that still remained. Her two rakish funnels stood slantwise, holding their places by the aid of rusty guys, the chains and all valuable metal work having long ago been stripped from her. And so she lay as the Buccaneer, a wrecking schooner from Nassau, came slowly across the bank.

The rays of the setting sun shone strongly upon the iron hull, and the crew of the schooner gazed at her from various positions of ease and lassitude; for the day had been hot and sultry and the air filled with a brassy coloured humidity that was as thick as a heavy haze on the horizon. The master of the wrecker was an American named Sanders, formerly master of the Sea-Horse, and his mate was William Haskins, known as "Bahama Bill." He was a good-looking fellow, bronzed and fine featured, and his black hair was streaked with gray. Heavy lines in his face suggested suffering rather than exposure, although his vocation was rigorous enough.

The master had gazed for fully a quarter of an hour at the wreck as the vessel fanned along before the light breeze, when his mate addressed him.

"Shall we get the gear ready, cap? I got a box ob Atlas powder and twenty fathom of fuse with exploders. Dat's enough, hey?"

"Yes, get what you need in the small boat," said the master absently. "You can haul down the jib and let go when you're ready. Give her not more than four fathoms; for we won't stay here long—looks like it's coming on bad, and the glass is falling. The bank isn't safe this time of year. We ought to get into some pocket and tie up." The master spoke absently, still gazing at the wreck, and the mate noted it.

"She shuah don' look much like what she do when yo' had her, Cap," said Bahama Bill.

"What, the Stella Polare?"

"Yes, sare, an' it warn't so long ago neither. A few years on de reef make a lot o' difference in her. Seems like yesterday you run her into Havana fer de last voyage in de old charter. It shuah do, Cap."

"When you're ready with the small boat I'll go with you," said the Captain, still gazing at the black hull.