"Dynamite," whispered another, "what's the difference?"

"Plenty, if the underwriters come along and find her blown up. She ain't ours yet," said the captain sourly.

"An' who's to tell?" asked the mate with a fierce menace. "Who'll know what knocked a hole in her? They'll nebber float her. Bust her, says I."

The captain looked about him. There was nothing in sight, save the distant cay, ten miles or more to the eastward, which might harbour an inquisitive person. And then the light-keeper himself was a wrecker. He thought a moment while the mate stood looking at him, and then went slowly down into the cabin and brought up a box of cartridges. Sam immediately brought out some exploders and several fathoms of fuse.

In a moment a large package was wrapped up and lashed with spun-yarn. It contained five half-pound cartridges and an exploder, with a fathom of fuse. A piece of iron was made fast to the whole to keep it upon the bottom, and then the mate called for a match. The fuse would burn for at least two minutes under water before the exploder was reached, and give time for the diver to get clear.

The captain scratched a light upon his trousers and held it to the fuse. A spluttering fizzing followed. Then over the side went the mate with the charge in his hand, and the men on the deck could see him swimming furiously down through the clear depths, the dynamite held before him and a thin spurt of bubbles trailing out from the end of the burning fuse.

He had little enough time to spare after he disappeared under the curve of the bilge. Coming to the surface he was quickly dragged aboard by the life-line, and then all hands waited a moment, which seemed an hour, for the shock.

A dull crash below followed by a peculiar ringing sound told of the discharge. The water lifted a moment over the spot some twenty feet astern, and then a storm of foam and bubbles surged to the surface. The captain gazed apprehensively around the horizon again, and then smiled.

"I reckon that busted her," he said.

Over the side plunged the mate, followed by two more men, and as they went a great, dark shadow rose slowly to the surface in the disturbed water. It was the body of a giant shark.