The tug dropped farther astern, and the towering square rigger began to slacken her rushing speed as her mighty yards were swung round. Then as she lay at rest, a rope ladder was dropped overside, and young Arthur Cochran swarmed down it as if he had been the pet monkey saved from the yacht. A boat from the tug was waiting, and Mr. Cochran, rising in the stern-sheets, fairly grabbed the boy in his arms and hugged him like a bear. Arthur struggled to get his breath and sputtered: