"Well, I'll go below and tell 'em—when in doubt take a drink—come!" And his two guests followed him.

All that wild day the Sayonara tugged and plunged at the end of her cable, the water gaining slowly in her bilge; and when the darkness with all its terrors came on, the men began to have some misgivings as to what the yacht would do.

Just as the wild night darkened the storm-torn sea, Smart wiped the ends of his glasses to get them free from the flying salt water and spume. He then took a last look around to see if anything was in sight. Only the lighthouse showed above the waste of reef and white water to the westward. Not a sign of humanity. Not a thing else from which to expect human sympathy.

Suddenly he noticed something like a mast rising from behind the end of the key. Yes, it was a single vessel, snug and close in behind the shelter. He could not make out her hull, or he would have at once recognized the Sea-Horse, victor over many a hard-fought battle with the elements of the Florida reef, now lying snug and safe as a house with her crew below. He was not aware of it, but a pair of eyes were at that moment gazing fixedly at his vessel, peering out of a dirty port-hole.

Bahama Bill had never ceased to watch the yacht from the first drone of the storm, and all the night the giant mate had kept watch upon the tiny star of his anchor-light as it rose and fell with each plunge.

As the night wore on and the water had not gained sufficiently to make it necessary to call all hands, Smart went below for the first time and took a good meal, eating heartily of everything, and washing down the food with two large cups of coffee.

It was now nearly midnight, and the glass showed signs of rising. The squalls were of less violence, and the captain hoped now to weather it out safely before putting his ship upon the beach to get at the leak.

While he ate he was aware of a sudden shock. The Sayonara seemed to shift her nose from dead into the sea, and then a peculiar trembling of the hull told him of that thing all ship-masters dread. At the same instant the rush of feet sounded upon the deck, and the mate poked his head into the hatchway.

"Starboard anchor's gone, sir—she's dragging back unto the reef inside the light——"

"Get the foresail on her—all hands!" roared Smart, tearing up the ladder.