As soon as Mulford had ascertained the facts of their situation, he communicated them to his companions, encouraging them to hope for eventual safety. It was true, their situation was nearly desperate, admitting that the wreck should continue to float forever, since they were nearly without food, or any thing to drink, and had no means of urging the hull through the water. They must float, too, at the mercy of the winds and waves, and should a sea get up, it might soon be impossible for Mulford himself to maintain his footing on the bottom of the wreck. All this the young man had dimly shadowed forth to him, through his professional experience; but the certainty of the vessel’s not sinking immediately had so far revived his spirits, as to cause him to look on the bright side of the future, pale as that glimmering of hope was made to appear whenever reason cast one of its severe glances athwart it.

Harry had no difficulty in making Rose comprehend their precise situation. Her active and clear mind understood at once the causes of their present preservation, and most of the hazards of the future. It was not so with Jack Tier. He was composed, even resigned; but he could not see the reason why the schooner still floated.

“I know that the cabin-doors were open,” he said, “and if they wasn’t, of no great matter would it be, since the joints ar’n’t caulked, and the water would run through them as through a sieve. I’m afeard, Mr. Mulford, we shall find the wreck going from under our feet afore long, and when we least wish it, perhaps.”

“I tell you the wreck will float so long as the air remains in its hold,” returned the mate, cheerfully. “Do you not see how buoyant it is?—the certain proof that there is plenty of air within. So long as that remains, the hull must float.”

“I’ve always understood,” said Jack, sticking to his opinion, “that wessels floats by vartue of water, and not by vartue of air; and, that when the water gets on the wrong side on ’em, there’s little hope left of keepin’ ’em up.”

“What has become of the boat?” suddenly cried the mate. “I have been so much occupied as to have forgotten the boat. In that boat we might all of us still reach Key West. I see nothing of the boat!”

A profound silence succeeded this sudden and unexpected question. All knew that the boat was gone, and all knew that it had been lost by the widow’s pertinacity and clumsiness; but no one felt disposed to betray her at that grave moment. Mulford left the bilge, and waded as far aft as it was at all prudent for him to proceed, in the vain hope that the boat might be there, fastened by its painter to the schooner’s tafferel, as he had left it, but concealed from view by the darkness of the night. Not finding what he was after, he returned to his companions, still uttering exclamations of surprise at the unaccountable loss of the boat. Rose now told him that the boat had got adrift some ten or fifteen minutes before the accident befell them, and that they were actually endeavoring to recover it when the squall, which capsized the schooner, struck them.

“And why did you not call me, Rose?” asked Harry, with a little of gentle reproach in his manner. “It must have soon been my watch on deck, and it would have been better that I should lose half an hour of my watch below, than we should lose the boat.”

Rose was now obliged to confess that the time for calling him had long been past, and that the faint streak of light, which was just appearing in the east, was the near approach of day. This explanation was made gently, but frankly, and Mulford experienced a glow of pleasure at his heart, even in that moment of jeopardy, when he understood Rose’s motive for not having him disturbed. As the boat was gone, with little or no prospect of its being recovered again, no more was said about it; and the widow, who had stood on thorns the while, had the relief of believing that her awkwardness was forgotten.

It was such a relief from an imminent danger to have escaped from drowning when the schooner capsized, that those on her bottom did not, for some little time, realize all the terrors of their actual situation. The inconvenience of being wet was a trifle not to be thought of, and, in fact, the light summer dresses worn by all, linen or cotton as they were entirely, were soon effectually dried in the wind. The keel made a tolerably convenient seat, and the whole party placed themselves on it to await the return of day, in order to obtain a view of all that their situation offered in the way of a prospect. While thus awaiting, a broken and short dialogue occurred.