"Maybe 'tis a capsized punt."

When they were within about thirty yards of the object they lay on their oars. For some unaccountable reason they did not care to venture nearer. Twilight was then fast approaching. The light was already beginning to fail.

"'Tis a wonderful queer thing!" Billy muttered, his curiosity getting the better of him. "Row ahead, Bobby. We'll go alongside."

"They's something movin' on it!" Bobby whispered, as he let his oars fall in the water. "Look! They's two queer, big, round spots on it—big as plates."

Billy thought he saw the whole object move. He watched it closely. It did stir! It was some living thing, then. But what? A whale?

A long, snake-like arm was lifted out of the water. It swayed this way and that, darted here and there, and fell back with a splash. The moving spots, now plainly gigantic eyes, glittered.

"'Tis the devil-fish!" screamed Bobby.

Another arm was lifted up, then a third and a fourth and a fifth. The monster began to lash the water—faster and yet more furiously—until the tickle was heaving and frothy, and the whole neighborhood was in an uproar.

"Pull! Pull!" cried Bobby.

Billy, too, was in a panic. They turned the head of the punt and pulled with all their might. The water swirled in the wake of the boat. Perceiving, however, that the squid made no effort to follow, they got the better of their fright. Then they lay on their oars to watch the monster.