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tell everybody you’re coming sooner or later,” added Bat Sedley. “Don’t be too long – folks may get tired of waiting.”

      “I rather think they’ll get tired of your blowing,” retorted Paul.

      “Don’t get uppish!” cried the Pornell Academy boy, angrily, and then the two sloops passed out of speaking distance of each other.

      “I wish the wind would freshen,” said Jack, with something like a sigh.

      “What good will that do?” demanded Dale.

      “If it got too fresh it would make them take in some sail. The Alice is broader than the Ajax, consequently we can risk a little more than they can.”

      “Well, I think the breeze is freshening,” said Pepper. “Just look down the lake.”

      They did as directed and saw that he was right, for the water was beginning to show numerous whitecaps and ripples. The Alice rounded Cat Point, the mainsail was thrown over, and they started for Borden’s Cove with the rival sloop more than a quarter of a mile in the lead.

      “I don’t believe we can catch up to that boat even if the wind does freshen,” remarked Dale, soberly. “She’s got too much of a lead.”

      “Here comes the breeze!” shouted Pepper, and he was right, the wind had freshened as if by magic, and at once the sloop bounded forward at an increased speed, cutting the water like a thing of life and sending a shower of spray over all those on board.

      “Hi! I didn’t come out for a shower-bath!” yelled Pepper.

      “Got to stand for it, though,” answered Jack, with a grin. “All for the glory of the cause, you know.”

      The breeze kept increasing, and this caused the Alice to heel well over on her side. This made Paul a little bit anxious.

      “Hadn’t we better take in some sail?” he ventured. “We don’t want to be dumped into the lake.”

      “Not yet,” answered Jack. “It will have to blow harder than this to send the Alice over. There is a whole lot of lead in her keel.”

      With the increase in the wind the Alice kept gaining slowly but surely on the Ajax, and this gladdened the heart of the youthful owner. He looked ahead and saw that Fred Century was gazing back anxiously on the rival that was coming nearer.

      “I guess he is wondering when we’ll take in some sail,” said Jack. “Well, he can keep on wondering.”

      “He is taking in his topsail!” cried Pepper, a moment later, and the announcement proved correct. In the meantime the wind came stronger than ever, until it fairly whistled through the ropes aboard the Alice. Under ordinary circumstances Jack would have lowered not only his topsail but also his mainsail – or at least taken a reef in the latter – but now he was determined to win the race if taking a small risk would do it. By this time the other boats on the lake were making for various harbors.

      But if Jack was willing to take a risk, so was Fred Century, and against the wishes of his two companions the lad from Pornell Academy kept all his sails flying. As a consequence the Ajax suddenly careened and took aboard enough water to literally wash the deck and flood the standing-room.

      “Hi, look out, or we’ll all be drowned!” yelled Will Carey. He was not much of a sailor or a swimmer.

      “Oh, you mustn’t mind a dip like that,” said Fred Century, reassuringly, yet even as he spoke he looked anxiously at the sky and at the wind-clouds scurrying past. He knew that if the wind increased much more he would have to take in his topsail and his mainsail and perhaps his jib.

      “That other sloop is coming up fast,” announced Bat Sedley, not a great while later. And he spoke the truth, the Alice was approaching by what looked to be leaps and bounds, making the best possible use of the stiffening breeze as Jack hung to the tiller and eased her off, this way or that. The young major had issued orders to his chums, and they stood ready to lower both mainsail and topsail at the word of command.

      The Alice was still a good half-mile from Borden’s Cove when her bow overlapped the stern of the Ajax. At this Pepper set up a yell of pleasure and all with him joined in. They waved their hands to those on the other craft, but received no answer. Then they forged ahead, the ever-increasing wind driving them along faster and faster.

      “Lower the topsail as soon as we are far enough ahead,” ordered Jack. “No use of running the risk of breaking our mast now.”

      A strange whistling of the wind followed, and down came the topsail in a jiffy. Then several reefs were taken in the mainsail. The bosom of the lake was now a mass of whitecaps, while the sun went under a heavy cloud.

      “It’s a wind squall, and a corker!” cried Jack.

      “Why don’t they take in some sail on the Ajax?” asked Dale, as he clung to a guard rail, to keep from being swept overboard.

      “They are taking in the topsail,” announced Jack. “But that isn’t enough. If they don’t – ”

      The rest of his words was lost in the piping of the gale that came extra strong just then. The sloop seemed to be fairly lifted from the lake, then she sank into a hollow and the water dashed over her stern. Then she bobbed up like a cork and shot forward as before. Pepper, holding tight with might and main, glanced back.

      “The Ajax has gone over!” he screamed, in alarm.

      Only Jack understood his words, but the others saw the look in his face and saw him nod to a spot behind them on the bosom of the angry lake. True enough, carrying the mainsail had proved too much for the Pornell craft, and she was now drifting along on her side, her mast half-submerged in the lashing and foaming waves.

      The Putnam Hall cadets were greatly alarmed, and with good reason. They had no desire to see any of their rivals drowned, and they felt it was more than likely one or another had gone overboard. Indeed, as they looked back, they saw one youth struggling in the water near the toppled-over mast, while another was trailing behind, clutching some broken cordage. The third lad was nowhere to be seen.

      “What shall we do?” yelled Paul, to make himself heard above the wind.

      “I’ll try to bring the sloop around,” answered Jack. “Stand ready to throw them some ropes and those life-preservers.”

      As well as the squall would permit, the young major sent the Alice around. Even with only the jib set this was a dangerous operation, and he would not have undertaken it had he not thought it a case of life or death. As the sloop came broadside to the squall a wave struck her and broke over the deck. The full force of this landed on Pepper, carrying him off his feet in a twinkling. As he slid around Paul made a clutch for him and held fast.

      “Goo – good for you, Stuffer!” gasped Pepper, when he could speak. “Say, but that was something awful!” And he took a better hold than before.

      “I am afraid some of those fellows will go down before we can reach them,” answered Paul. “My, what a blow this is! And it looked to be a perfect afternoon when we started out!”

      The sloop boasted of two life-preservers, with lines attached, and as well as they were able the cadets got these in readiness for use. In the meanwhile Jack, having brought the craft up in the wind, was now “jockeying” to get close to the overturned craft without crashing into the wreck or running anybody down. This was a delicate task, and would have been practically impossible had not the breeze just then died down a little.

      “Save us! Save us!” came from the water, as the Alice drew closer.

      “We’ll do it!” yelled back the boys from Putnam Hall.

      “Here, catch the life-preserver!” called out Paul, and flung the preserver in question toward Bat Sedley, who was floundering around near the half-submerged mast. The Pornell Academy lad saw it coming and made a dive for it, catching it with one hand. Pepper threw the second life-preserver to Fred Century, who was trying to pull himself toward his wrecked craft by some loose ropes.

      “Where

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