The tide is at low-water slack, and whirls and eddies mark the run over shallows. At easy speed and handing the lead, we approach the wreck. Her weathered hull, gilt and red-rusted by exposure to sun and wind and sea, stands high and bold against the deep blue of a summer sky. Masts and rigging and cordage are bleached white, like tracery of a phantom ship. The green sea-growth on her underbody fans and waves in the tide, showing long voyaging in the crust and stage of it. She lies well and steadily, with only a slight list to seaward that marks the gradient on which she rests. Through fracture on the stern and counter, the twisted and shattered frames and beams and angles can be seen plainly. Sunlight, in slanting rays, shines through the rents and fissures of the upper deck, and plays on the free flood that washes in and out of the exposed after hold; seaweed and flotsam surges on the tide, clinging to the jagged, shattered edges of the plating, and breaking away to lap in the dark recesses. To eyes that only know the lines and mould of sightly, seaworthy vessels, she seems a hopeless and distorted mass of standing iron--a sheer hulk, indeed, fit only for a lone sea-perch to gull and gannet and cormorant. It appears idle for the salvors to plan and strive and wrestle for such a prize, but their keen eyes are focused to values not readily apparent. "A fine ship," says the commander, now happily assured that his 'soft job' has suffered no worse than a weathering on the ledge that his skill has secured her. "A job o' work for the repairers, certainly . . . but they will set her up as good as new in a third of the time it would take to build a substitute!" [Illustration: A TORPEDOED MERCHANTMAN ON THE SHOALS: SALVAGE OFFICERS MAKING A SURVEY] We anchor at a length or two to seaward. There is not yet water alongside for our draught, but _Titan_, drawing less, is berthed at her stern and their men are taking advantage of low water to pin and tomp and strengthen the rearmost bulkhead that must now do duty for the demolished stern section. A boat from _Titan_ brings the officer in charge, and he greets his senior with no disguised relief. A serious leak has developed in one of the compartments that they had counted on for buoyancy. . . . "Right under the bilge, and ungetatable, with all that rubble in th' holds. A good job you brought out these extra pumps. We should manage now, all right!"