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THE MAN WHO LAUGHS.

other things. It was evident that they were delivered from the storm, from the foam, from the wind, from the uproar. Henceforth all the chances were in their favour. In three or four hours it would be sunrise. They would be seen by some passing ship; they would be rescued. The worst was over, they were re-entering life. The important feat was to have been able to keep afloat until the cessation of the tempest. They said to themselves, "It is all over now."

Suddenly they found that all was indeed over. One of the sailors, the northern Basque, Galdeazun by name, going down into the hold to look for a rope, came hurriedly up again and exclaimed,—

"The hold is full!"

"Of what?" asked the chief.

"Of water," answered the sailor.

"What does that mean?" cried the chief.

"It means," replied Galdeazun, "that in half an hour we shall be at the bottom of the sea."