able signs of being on the point of foundering, and the girls were told to come on deck. Everybody was given a life preserver, which had been kept close at hand since the beginning of the trouble.
"We are seen!" cried Sam joyously, as a signal came from the steamer.
Gradually the strange vessel drew closer, and they saw that she was a rather clumsy affair of the "tramp" pattern, used to carry all sorts of cargoes from one port to another.
"They are lowering a small boat," said Sam, a little later.
"I wish they would hurry," returned Tom, in a low voice. "I believe this yacht is going to go down very soon."
At last the small boat was close enough to be hailed, and preparations were made for transferring the girls first.
It was no easy matter to make the change, and it took a good quarter of an hour to land the girls on the steamer's deck.
By this time the Old Glory was completely water-logged.
"We have got to jump for it, lads!" cried Captain Jerry, "unless you want to go down with her!"
And jump they did, into the mighty waves,
