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beginning to show on the water. The lugger was tearing along, occasionally throwing a cloud of spray over her bows, and leaving a track of white water behind her.

      "I think she still gains on us," the captain said to the mate, who had taken the helm.

      "Ay, she is gaining," the sailor agreed, "but the wind is freshening every minute. She can't carry that topsail much longer. It's pressing her bows under now."

      "She will go almost as fast without it," the skipper said.

      The commander of the cutter seemed to be of the same opinion, for, just as he spoke, the topsail was seen to flutter, and then descended to the deck. It was a quarter of an hour before the skipper spoke again.

      "I think we just about hold our own," he said. "I didn't think the Polly could have held her running."

      "She couldn't, in a light wind," the mate replied; "but with this wind, it will want a fast boat to beat her."

      The hands were now set to work, shifting the kegs further aft.

      "That's better," the skipper said presently. "I am sure we are gaining ground, and our masts will stand it, if the cutter's will."

      With her stern low in the water, the lugger was now tearing along at a tremendous pace. Stout as were her masts, and strong the stays, James Walsham wondered at their standing the strain of the great brown sails, as they seemed, at times, almost to lift her bodily out of the water. Buoyant as the craft was, the waves broke over her bows and flooded her decks, and sheets of spray flew over her.

      The cutter, with her sharper bows and all her sail forward, was feeling it still more severely, and the spirits of all on board the lugger rose rapidly, as it was evident that they were dropping their pursuers. Suddenly, the gaff of the cutter's mainsail was seen to droop, and the boom was hauled on board.

      "I thought it would be too much for them," the skipper said exultantly. "They are going to reef."

      "We had better reef down too, I think," the mate said. "She has had as much as she could bear for some time."

      "I'll hold on ten minutes longer," the skipper said. "Every half mile counts."

      But before that time was up, the sails were one after another reefed, for the wind continued to freshen. The sky was still cloudless, but there was a misty light in the air, and a heavy sea was beginning to run.

      Suddenly, a gun flashed out from the cutter. The skipper uttered an oath. Their pursuer was more than three miles astern, and he knew that she could only be firing as a signal.

      There were several large ships in sight on their way up or down the Channel. To these, little attention had been paid. The skipper shaded his eyes with a hand, and gazed earnestly at a large ship on the weather beam, some four miles away.

      "That is a frigate, sure enough," he exclaimed. "We are fairly caught between them.

      "Haul in the sheets, lads, we will have a try for it yet."

      The lugger was brought sharp up into the wind, and was soon staggering along seaward, with the lee bulwark almost under water. The cutter instantly lowered her square sail, and followed her example, continuing to fire a gun every minute. All eyes were turned towards the frigate, which was now on the port beam.

      "We shall cross two miles to windward of her," the skipper said. "If she keeps on her course, a quarter of an hour will do it, but she is sure to notice the guns. The wind will take them down to her.

      "Ah, there she goes."

      As he spoke, a puff of smoke darted out from the frigate's bow. Her sails fluttered, and her head bore round, until she was on the same tack as the lugger.

      The latter was now about equidistant from her two pursuers. The cutter and the lugger were nearly abreast, but the former, being to windward, could edge down. The frigate was three miles to leeward, but she was fully a mile ahead.

      "There is no way out of it," the skipper said bitterly. "In a light wind we could run away from the frigate, but with this breeze we have no chance with her. Look how she is piling on sail!"

      The crew shared the captain's opinion. Some shook their fists and cursed vainly at their pursuers, some stood sullenly scowling, while the French portion of the crew gave way to wild outbursts of rage. Rapidly the three vessels closed in towards each other, for the cutter edged in so rapidly that the lugger was obliged to bear off towards the frigate again. As a last hope, the lugger's course was changed, and she again tried running, but the superior weight and power of the frigate brought her rapidly down. Presently a heavy gun boomed out, and a shot came dancing along the water, a hundred yards away.

      "Lower the sails," the skipper said. "It is no use going farther. The inside of a prison is better than the bottom of the sea, anyhow."

      Down came the sails, and the lugger lay rolling heavily in the waves, as the frigate bore down upon her with a white roll of water on her stem.

      "Get ready, lads," the skipper said. "There is just one chance yet. She will run by us. The instant she is past, up sail again. We shall be a mile away before they can get her round into the wind again. If she doesn't cripple us with her shot, we may weather her yet. We needn't mind the cutter."

      The frigate came foaming along, the crew busy in taking sail off her. The instant she had passed, and was preparing to round to, the sails of the lugger flew up like magic, and she was soon tearing along almost in the eye of the wind, as if to meet the cutter, which was running down towards her.

      "Down below, lads, every man of you," the captain shouted. "We shall have a broadside in a minute."

      In a moment, the deck was clear of all save the skipper and his mate, who stood at the tiller. The frigate swept slowly round, and then, as her guns came to bear, shot after shot was fired at the lugger, already three-quarters of a mile to the windward. The shot hummed overhead, one struck the water alongside, a yard or two away, but still she was untouched.

      "Some of her shots went as near the cutter as they did to us," the skipper said. "She won't fire again."

      They were now fast approaching the cutter, which, when she was within a quarter of a mile, changed her course and was brought up again into the wind, firing the four guns she carried on her broadside as she came round. The lugger's head was paid off, and this placed the cutter on her starboard quarter, both going free. The former was travelling the faster, but a gun was fired from the cutter's bow, and the shot struck splinters from the lugger's quarter. The crew were on deck again now.

      "Train that gun over the stern," the skipper said. "If we can knock her mast out of her, we are saved. If not, they will have us yet."

      He had scarcely spoken when there was a crash. A shot from the cutter had struck the mizzen mast, a few feet above the deck, and the mast and sail fell over to leeward. There was a cry of rage and dismay.

      "Luck's against us," the skipper said bitterly. "Down with the sail, lads. This time it is all up with us."

      The sail was lowered, and the lugger lay motionless in the water, until the cutter came up and lay within fifty yards of her. A boat was at once lowered, and an officer was rowed to the lugger.

      "So we have caught you, my friends, at last," he said, as he sprang on board.

      "You wouldn't have done it, if it had not been for the frigate," the skipper said.

      "No; I will say your craft sails like a witch," the officer replied. "I wish we could have done it without her. It will make all the difference to us. The frigate will get the lion's share of the prize. What is the value of your cargo?"

      "Two hundred kegs of brandy," the skipper replied, "and fifteen hundred pounds' worth of lace and silks."

      "A good prize," the officer said. "Not your own, I hope, for you have made a brave chase of it."

      "No," the skipper answered. "Fortunately, I only took a very small share this time. It's bad enough to lose my boat; I own two-thirds of her."

      "I am sorry for you," the officer

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