craft.

As the Colonel descended alone to his own deck he motioned with his hand. Immediately the pistols were flung into the water. The seamen in black fell back as a guard of honor. The Colonel, with Southern grace and British dignity, extended his arm to the distinguished and trembling hostage. This she did not refuse and he led her to the cream-white companionway that now reached from the Washington to the Mary Jane. The marines presented arms. The women sobbed. Then came the President. When his foot touched his own deck there thundered forth a salute of twenty-one guns from the American navy. Whistles blew, flags and handkerchiefs fluttered, and mad salvos rent the air from subjects that any sovereign would gladly call his own.

The President now looked down with sad curiosity upon his former prison. But there strange things had happened. The caterpillar had cast off its chrysalis, and the incomparable butterfly appeared. Where was the smokestack? Where were the masts? Where was the Mary Jane? A load seemed to fall from stem to stern, and there appeared beneath dingy paint a sheer which a king might long to possess. This was the crowning surprise. Naval officers now recognized for the first time the nautical marvel which had deluded the nation. The Colonel stood alone upon the deck of the transfigured boat. With uncovered head he spoke. His left hand grasped the wheel.

"Mr. President—I have guarded you safely, and treated you as well as circumstances could permit. Your patience in adversity, and that of your wife, have compelled my reverence. You were but the scapegoat of a nation. This country can never afford to be careless of its defences and of the treasures which they protect. People of America! You regard me as the chief malefactor of your times. The day may come when you will call me its greatest benefactor. To-day you execrate me. To-morrow you may bless me. I have taught you a solemn and a costly lesson, but the price of such wisdom is cheap. Good-morning!"

There was no opening, but the hawsers were suddenly cut. There was a rush and billows of foam. As a cat plays here and there in her pretty antics the "Lightning" (for a blow of the hammer on the stern had annihilated the Mary Jane) wound in and out at an unequal rate. When she turned, she careened far over on her side. The water lapped the Colonel's feet. Who could stop her? Who could overtake her? At the first shock the gunners stood motionless, then sprang to their guns. The President, Commander-in-chief of the army and navy, raised his hand and shook his head.

The faith of the nation was pledged, and the pirate escaped without a shot. The incredible speed of the Lightning increased. It became terrific. Nothing like it had ever been witnessed in maritime history. Spectators stood with held breath.

A lieutenant in his excitement shouted: "For God's sake, overtake her!"

The crowd yelled: "Run them down! See where they go!"

But the navy of the United States might as well have chased a cannon ball. The mental pressure became tremendous. Spectators had hardly drawn a breath when the miracle was hull down. The American love of audacity and speed struggled mightily for the moment with American patriotism. The moral sense of the people could not prevent a murmur of admiration when the Lightning, with eight millions of national gold aboard, in less than nine minutes was but a speck. A bend of the river, and the mysterious, courtly and successful pirate was gone.