Presently two dark shapes emerged upon the neighboring rocks. They were talking rapidly, but the boys could not catch what they were saying.

The Madrona was moving to the south of the island, and standing in towards the mouth of the slough. One of the new-comers saw the search-light.

"They'll be upon us in half an hour," Tom could hear him say; "we must steer around the point, and get up the slough, where a vessel of such deep draught as theirs cannot follow us. We'll he done for if we stay here."

The voice seemed familiar, but the boy was too excited to give the fancy a second thought. What he saw, only too plainly, was the easy way in which the supposed smugglers could make their escape, and, laying prudence aside, he instantly called out in what he intended to be a very commanding voice,

"Ahoy there! you can't go aboard till you say who you are, and what you are doing here."

Hardly were the words spoken when Tom saw a bright red flash, and was almost stunned by a loud report. He heard the crash of a rifle bullet through the branches behind him, and heard the echoes running along the opposite shores, growing fainter and fainter in the distance.

The shot was instantly returned, and there was a quick sharp cry from the rocks. He turned and saw Jo at his side, lowering the gun from his shoulder.

The next moment he heard a rustle in the trees near him, and hardly thinking of the peril in which he was throwing himself, he turned in swift pursuit. He struck the trail almost at once, and still heard the same odd rustle a short distance ahead of him.

He guided himself as well as he could in the darkness, often stumbling over the bared roots, or grazing his head against the low cedar branches. At times he stopped to listen. It soon became evident that he was catching up.

The pale light of the early morning was beginning to show dimly through the trees. The person ahead tripped once or twice, and Tom knew that he was now almost at hand. The unseen fugitive appeared to be moving with great difficulty. A moment later the boy heard a heavy fall a few yards in front of him, and running hastily forward was suddenly met by—a woman!