But Lieutenant Danvers sat with left hand on the conning tower steering wheel, his watch in his right hand. He was counting the seconds.

"Look out for the signal," called the naval officer, coolly. "When I tell you, then look out for what happens over at the scow. Er—now!"

They were too far away to hear the impact, but the two submarine boys saw a slight commotion in the waters under the scow's rail. Then the dummy torpedo bounded back, rising and floating on the surface—spent!

Had that torpedo contained the fighting service charge of two hundred pounds of gun-cotton it would have shattered and sunk the biggest, staunchest, proudest battleship afloat.

"It's uncanny—isn't it?" gasped Jack Benson, feeling an odd shudder run over him.

CHAPTER III

STRUCK BY A SUBMERGED FOE

"Yep!" agreed Eph Somers, blaster of day-dreams. "But say?"

"Well?" demanded Captain Jack.

"At the same time," muttered Eph, grimly, "I'm glad that scow isn't a real battleship, with a half a dozen twelve-inch cannon turned on us."