"I think," said Charley, "that we'd better get up our anchor right away, for after awhile it may blow so hard that we'll have to run into some harbor for the rest of the day." The _Ghost_'s jib and mainsail were set, and with the wind on her port quarter she began to pile up the foam under her bow. In spite of the gloomy appearance of the sky and water, the speed of the boat put the boys in high spirits. The bay was covered with white caps, and in some places there was quite a heavy sea; but as the _Ghost_ was running before it, no spray came on board, and Joe, in spite of his conviction that he must get wet, was dry and comfortable. The wind steadily increased, and before long Charley saw the necessity of reefing. So he brought the boat with her head to the wind, let go the anchor, and lowered the sails. "Do you mean to say that we've got to anchor every time we reef?" asked Harry, as he was knotting the reef-points of the mainsail. "It isn't necessary to anchor. We could put in a reef if we had no anchor with us; but with as much wind as we have now, it makes the work of reefing a good deal easier if we are lying at anchor." "Why couldn't we reef while the boat is running under her jib?" inquired Tom. "You can't tie the reef-points unless the sail is down, and you can't get the sail down while the boat is before the wind, and the sail is full. We could throw her head up into the wind, and get the sail down, and then let her run off under the jib until we get through reefing; but then we'd have to haul down the jib, and pull her head around with an oar, before we could set the mainsail again. Anchoring saves a whole lot of trouble, and there is no reason why we shouldn't anchor when we are where the anchor will take bottom." With the reefed mainsail the _Ghost_ behaved better than she had done. She rolled less, and steered more easily. The boys were delighted with the way in which she raced over the water, but occasionally, when they looked at the curling seas which followed her, and seemed to just miss breaking over her stern, they were a little uneasy. "There is no danger from those seas as long as we can carry all this sail," remarked Charley. "The boat is moving faster than they are, and they can't overtake her." But it was soon evident that sail would have to be shortened again. The wind was now blowing a gale, and not a sail was visible on the bay. Charley did not care to come to an anchor, for he had noticed a point of land about a mile ahead, and intended to run under the lee of it, and put in a second reef. So he was about to order Joe to slack the peak halyards, when, without the slightest warning, the _Ghost_'s mast went over the side with a tremendous crash, tearing up part of the deck, and very nearly dragging Joe overboard with the halyards, which caught him around the neck. "Keep cool, boys," cried Charley. "Let go the anchor, and then get hold of the jib, and try to drag it in clear of the wreck."