The after-part of the vessel was stove in, and nothing remained in the cabin; but the centre part, though nearly full of water, was unbroken. The water, however, was rushing out like a mill-stream, both at the stern and through some huge holes in the bows. Nothing whatever remained on deck.

The lads plunged down below, and gained the spar-deck, which was already out of the water. Here the first object their eyes alighted on was a chest.

It was the carpenter’s, and contained axes, and saws, and nails, and tools of all sorts.

There were a good many light spars and planks stowed on one side.

“Here we have materials for a raft at hand!” cried Bill. “We must build one; for I agree with you, Jack, that there’s no use in attempting a boat. It would take too much time, even if we could succeed in making her watertight.”

“I said so,” replied Jack. “I wish we had some grub, though; perhaps there’s some for’ard. I’ll go and find it if I can.”

Jack made his way into the forepeak, while Bill was cutting free the lashings, and dragging out the spars. Jack returned in a short time with some cold meat, and biscuit, and cheese.

“See! we can dine like lords,” he exclaimed; “and we shall be better able to work after it.”

They sat down on the chest, and ate the provisions with good appetites.

Bill cast a thought on the fate of the poor fellows to whom the food had belonged; their bodies now washing about in the breakers outside.