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"As I live, Code. Charming Lass, as plain as day! What's

happening here to-day? What is this?" Code snatched the glasses

from Pete's hand and then leveled them, trembling, at the flying

schooner.

For a time the foam and whirl of her wake obscured matters, but

all at once, as she plunged down into a great hollow between

waves, her stern came clear and pointed to heaven. There, in

bright letters that glinted in the sun and were easily visible at

a much greater distance, was printed the name:

CHARMING LASS OF FREEKIRK HEAD

"No wonder she's goin'!" yelled Pete, almost beside himself with

excitement. "No wonder she's goin'! But let her go! More power to

her! Yah!"

Code stood with the glasses to his eyes and watched the

mysterious schooner and the pursuing vessel disappear.

CHAPTER XIX

ELLINWOOD TAKES A HAND