everywhere. At the stern hung limply the British flag, while at the masthead the ensign of the Royal Yacht Squadron. The yellow funnel emitted no smoke, and as she lay calmly in the sunset a crowd of dock-loungers and crimps leaned upon the parapet discussing her merits and wondering who could be the rich Englishman who could afford to travel in a small liner of his own—for her size surprised even those Italian dock-hands, used as they were to seeing every kind of craft enter the busy port.

On stepping on deck Hornby, who like myself wore a clean suit of white linen as the most sensible dinner-garb in a hot climate, came forward to greet me, and took me along to the stern where, lying in a long wicker deck-chair beneath the awning, was a tall, dark-eyed, clean-shaven man of about forty, also dressed in cool white linen. His keen face gave one the impression that he was a barrister.

"My friend, Hylton Chater—Mr. Gordon Gregg," he said, introducing us, and then when, as we shook hands, the clean-shaven man exclaimed, smiling pleasantly—

"Glad to make your acquaintance, Mr. Gregg. You are not a stranger by any means to Hornby or myself. Indeed, we've got a couple of your books on board. But I had no idea you lived out here."

"At Ardenza," I said. "Three miles along the sea-shore. To-morrow I hope you'll both come and dine with me."

"Delighted, I'm sure," declared Hornby. "To eat ashore is quite a treat when one has been boxed up on board for some time. So we'll accept, won't we, Hylton?"

"Certainly," replied the other; and then we began chatting about the peril of the previous night, Hornby telling me how he had copied the two letters of thanks in Italian and sent them to their respective addresses.

"Phil blasphemed like a Levant skipper when he copied those Italian words!" laughed Chater. "He had made three copies of each letter before he could get all the lingo in accordance with your copy."

"I've been the whole afternoon at them—confound them!" declared the owner of the Lola with a laugh. "But, of course, I didn't want to make a lot of errors in spelling. These Italians are so very punctilious."

"Well, you certainly did the right thing to thank the Admiral," I said. "It's very unusual for him to send out torpedo-boats to help a vessel in distress. That is generally left to the harbor tug."

"Yes, I feel that it was most kind of him. That's why I took all the trouble to write. I don't understand a word of Italian, neither does Chater."

"But you have Italians on board?" I remarked. "The two sailors who rowed me out are Genoese, from their accent."

Hornby and Chater exchanged glances—glances of distinct uneasiness, I thought.

Then the owner of the Lola said—

"Yes, they are useful for making arrangements and buying things in Italian ports. We have a Spaniard, a Greek, and a Syrian, all of whom act as interpreters in different places."

"And make a handsome thing in the way of secret commissions, I suppose?" I laughed.

"Of course. But to cruise in comfort one must pay and be pleasant," declared the man with the fair beard. "In Greece and the Levant they are more rapacious than in Naples, and the Customs officers always want squaring, otherwise they are for ever rummaging and discovering mares' nests."

"Did you have any trouble here?" I inquired.

"They didn't visit us," he said with a smile, and at the same time he rubbed his thumb and finger together, the action of feeling paper money.

This increased my surprise, for I happened to know that the Leghorn Customs officers were not at all given to the acceptance of bribes. They were too well watched by their superiors. If the yacht had really escaped a search, then it was a most unusual thing. Besides, what motive could Hornby have in eluding the Customs visit? They would, of course, seal up his wines and liquors, but even if they did, they would leave him out sufficient for the consumption of himself and his friends.

No. Philip Hornby had some strong motive in paying a heavy bribe to avoid the visit of the dogana. If he really had paid, he must have paid very heavily; of that I was convinced.

Was it possible that some mystery was hidden on board that splendidly appointed craft?

Presently the gong sounded, and we went below into the elegantly fitted saloon, where was spread a table that sparkled with cut glass and shone with silver. Around the center fresh flowers had been trailed by some artistic hand, while on the buffet at the end the necks of wine bottles peered out from the ice pails. Both carpet and upholstery were in pale blue, while everywhere it was apparent that none but an extremely wealthy man could afford such a magnificent craft.

Hornby took the head of the table, and we sat on either side of him, chatting merrily while we ate one of the choicest and best cooked dinners it has ever been my lot to taste. Chater and I drank wine of a brand which only a millionaire could keep in his cellar, while our host, apparently a most abstemious man, took only a glass of iced Cinciano water.

The two smart stewards served in a manner which showed them to be well trained to their duties, and as the evening light filtering through the pale blue silk curtains over the open port-holes slowly faded, we gossiped on as men will gossip over an unusually good dinner.

From his remarks I discerned that, contrary to my first impression, Hylton Chater was an experienced yachtsman. He owned a craft called the Alicia, and was a member of the Cork Yacht Club. He lived in London, he told me, but gave me no information as to his profession. It might be the law, as I had surmised.

"You've seen our ass of a captain, Mr. Gregg?" he remarked presently. "What do you think of him?"

"Well," I said rather hesitatingly, "to tell the truth, I don't think very much of his seamanship—nor will the Board of Trade when his report reaches them."

"Ah!" exclaimed Hornby, "I was a fool to engage him. From the very first I mistrusted him, only my wife somehow took a fancy to the fellow, and, as you know, if you want peace you must always please the women. In this case, however, her choice almost cost me the vessel, and perhaps our lives into the bargain."

"You knew nothing of him previously?"

"Nothing."

"And he engaged the crew?" I asked.

"Of course."

"Are they all fresh hands?"

"All except the cook and the two stewards."

I was silent. I did not like Mackintosh. Indeed, I entertained a distinct suspicion of both master and crew.

"The captain seems to have had a nasty cut across the cheek," I remarked, whereupon my two companions again exchanged quick, apprehensive glances.

"He fell down the other day," explained Chater, with a rather sickly smile, I thought. "His face caught the edge of an iron stair in the engine-room, and caused a nasty gash."

I smiled within myself, for I knew too well that the ugly wound in the captain's face had never been inflicted by falling on the edge of a stair. But I remained silent, being content that they should endeavor to mislead me.

After dessert had been served we rose, and in the summer twilight, when all the ports were opened, Hornby took me over the vessel. Everywhere was abundant luxury—a veritable floating palace. To each of the cabins of the owner and his guests a bathroom was attached with sea-water or fresh water as desired, while the ladies' saloon, the boudoir, the library, and the smoking-room were furnished richly with exquisite taste. As he was conducting me from his own cabin to the boudoir we passed a door that had been blown open by the wind, and which he hastened to close, not, however, before I had time to glance within. To my surprise I discovered that it was an armory crammed with rifles, revolvers and ammunition.

It had not been intended that I should see that interior, and the reason why the Customs officers had been bribed was now apparent.

I passed on