"I reckon we'll git to work on her," said Sanders. "Lower down those jibs and slack the anchor away easy when I luff her under the lee o' that p'int yander. How is it, Bill? Do you feel like swimming to-night?"

Bahama Bill, the mate of the wrecker, growled out an assent. His leg was sore from his experience with the iron in the hands of the Sayonara's mate, and his feelings were exceedingly ruffled from certain personal affronts he had endured from the yacht's owner. Could he cook? Could his wife, the renowned Julia, wash? Well, he would ask a few questions some day after settling his account with the yacht—maybe.

At present the cotton line he had placed in the opened seam was ready to haul out. Then he would witness some work upon that yacht's deck. There would be something doing.

He grinned as he thought of the trim white duck clothes. How they would look after twenty-four hours' work at the pumps! Even the yacht's captain, who seemed to be something of a sailor in spite of his wonderful rig, would have something to do besides sitting about like a well-dressed monkey. And as for those officers, the guests of Dunn—well, he had already had dealings with them, and once spent the night in the "cooler" for ruffling a couple of their Jap messmen.

"Yo' kin lower down the starbo'd boat when we lets go," said Bahama Bill; "'n' I wants one o' you fellers to drap to lor'ard toe pick me up, fer I'll be comin' mighty fast—see?"

Sam understood, and a few minutes later the Sea-Horse had hooked the reef close in the shelter of the key and about a mile distant from the yacht. Her mainsail was left standing, in case of sudden need. They could lower it any minute after the job was done. If anything happened they could stand out in less time than it takes to tell of it, for the head-sails were all ready to hoist and the anchor just holding. Six strokes upon the brakes, and she would go clear. Then, with everything drawing, she would stand through the pass.

The mate dropped into the small boat, and Sam rowed him rapidly ahead of the yacht. He would drop overboard and drift and swim quickly down with the current, while the small boat would circle around at a great distance and out of sight to pick him up after he had finished and drifted astern.

Swimming strongly with a deep breast-stroke which made no foam or noise, Bill slipped through the black sea like a fish. In a short time he gained the anchor-chain, which strained out ahead with the force of the tide upon the hull.

Resting for a few moments and listening to make sure the man on deck had not seen him, he let himself drift along the vessel's side until he reached the end of his line. This he pulled out of the seam and let go.