t was a sun-tanned young man who walked with brisk strides into the office of Admiral Struthers. The gold-striped arm of the uniformed man was extended in quick greeting.

"Made it, did you?" he exclaimed. "Congratulations!"

"All O.K.," Thorpe agreed. "Ship and log are ready for your verification."

"Talk sense," said the officer. "Have any trouble or excitement? Or perhaps you are more interested in collecting a certain bet than you are in discussing the trip."

"Damn the bet!" said the young man fervently. "And that's just what I am here for—to talk about the trip. There were some little incidents that may interest you."

He painted for the Admiral in brief, terse sentences the picture of that daybreak on the Pacific, the line of breakers, white in the vanishing night, the abandoned ship beyond, cracking her canvas to tatters in the freshening breeze. And he told of his boarding her and of what he had found.

"Where was this?" asked the officer, and Thorpe gave his position as he had checked it.

"I reported the derelict to a passing steamer that same day," he added, but the Admiral was calling for a chart. He spread it on the desk before him and placed the tip of a pencil in the center of an unbroken expanse.

"Breakers, you said?" he questioned. "Why, there are hundreds of fathoms here, Mr. Thorpe."