ery nearly succeeded. It was prettily
done."

"Of course she tried to frighten you. I wish she had succeeded."

"But her object was transparent."

"Her object!" she exclaimed. "Her object was to save you."

"I think not," I replied; "it was to save the Celebrity."

Miss Trevor rose and grasped one of the sail rings to keep her balance.
She looked at me pityingly.

"Do you really believe that?"

"Firmly."

"Then you are hopeless, Mr. Crocker, totally hopeless. I give you up."
And she went back to her seat beside the refrigerator.

CHAPTER XVII

"Crocker, old man, Crocker, what the devil does that mean?"

I turned with a start to perceive a bare head thrust above the cabin
roof, the scant hair flying, and two large, brown eyes staring into mine
full of alarm and reproach. A plump finger was pointing to where the
sandy reef lay far astern of us.

The Mackinaws were flecked far and wide over the lake, and a dirty smudge
on the blue showed where the Far Harbor and Beaverton boat had gone over
the horizon. But there, over the point and dangerously close to the
land, hung another smudge, gradually pushing its way like a writhing,
black serpent, lakewards. Thus I was rudely jerked back to face the
problem with which we had left the island that morning.

I snatched the neglected glasses from the deck and hurried aft to join my
client on the overhang, but a pipe was all they revealed above the bleak
hillocks of sand. My client turned to me with a face that was white
under the tan.

"Crocker," he cried, in a tragic voice, "it's a blessed police boat, or I
never picked a winner."

"Nonsense," I said; "other boats smoke beside police boats. The lake is
full of tugs."

I was a little nettled at having been scared for a molehill.

"But I know it, sure as hell," he insisted.

"You know nothing about it, and won't for an hour. What's a pipe and a
trail of smoke?"

He laid a hand on my shoulder, and I felt it tremble.

"Why do you suppose I came out?" he demanded solemnly.

"You were probably losing," I said.

"I was winning."

"Then you got tired of winning."

But he held up a thumb within a few inches of my face, and with it a ring
I had often noticed, a huge opal which he customarily wore on the inside
of his hand.

"She's dead," said Mr. Cooke, sadly.

"Dead?" I repeated, perplexed.

"Yes, she's dead as the day I lost the two thousand at Sheepshead. She's
never gone back on me yet. And unles