Sure enough, the graceful sailboat was slowly swinging out from the shore, and the grinning faces of Sanders and "Little Bill" could be plainly seen.

"Never heard of such a cheeky pair," put in Bob, indignantly.

"Good-bye, little boys," yelled Sanders. "We've borrowed yer boat fur a spell." Then, with derisive shouts, they waved their arms, pulled away at several ropes and the "Dauntless," catching the breeze, rapidly receded.


[CHAPTER V]

OUT IN THE STORM

"Hey, there, come back with that boat!" yelled Howard Fenton.

"Oh, of course we won't!" came from "Little Bill."

"Swim out, Willie, and we'll throw you a line!" shouted Sanders, with a derisive laugh.

"Make a hundred yards' dash for it. I'll bet on the fat boy!"