"It was Julien he held in his arms."

THE GIANT OF THE TREASURE CAVES.

(Continued from page [311].)

Just at the critical moment another terror appeared on the scene. The sea, having reached the level of the beach, now entered the caves, and flowed smoothly but swiftly over the flat flooring of rock. In the excitement of conflict neither of the three struggling in the Mermaid's Cave had heard the sweep of the water in the outer caverns. It was not till it was swirling round their feet that they became aware of the danger.

Julien dropped to the ground at the exclamation of Thomas, while Estelle cried out in despair. They knew of no way out of the cave except through the Rift, and that was cut off by the deep water there and in the caves beyond. Dropping the little girl as he realised the danger, Thomas glanced round the cave, still lighted up by Estelle's candle-ends. His quick eye noted the high-water mark, and some projections of rocky wall which it would be quite possible for him to reach, and remain in safety till the tide went down. But what about the children? For Julien he cared nothing, but Estelle was of the utmost importance to him. It would be better to lose his own life than let harm come to her. She represented his gold-mine, without which he had no means of living. She must be saved at all costs, therefore.

'We can't get out of this,' he said, at last, as he turned to the two shivering children who were clinging to each other. Julien's face was raised, his eyes seeking some place above high-water mark to which he could take Estelle.

'I can save the little lady,' continued Thomas, 'but you, young master, must look to yourself. I suppose you were not born near these caves for nothing?'