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hundred Chili, but that Levy, who knew pearls, should have paid twenty-five thousand francs was too wide a stretch. Raoul decided to interview Captain Lynch on the subject, but when he arrived at that ancient mariner's house, he found him looking wide-eyed at the barometer.

"What do you read it?" Captain Lynch asked anxiously, rubbing his spectacles and staring again at the instrument.

"Twenty-nine-ten," said Raoul. "I have never seen it so low before."

"I should say not!" snorted the captain. "Fifty years boy and man on all the seas, and I've never seen it go down to that. Listen!"

They stood for a moment, while the surf rumbled and shook the house. Then they went outside. The squall had passed. They could see the Aorai lying becalmed a mile away and pitching and tossing madly in the tremendous seas that rolled in stately procession down out of the northeast and flung themselves furiously upon the coral