From the Hoe, on a grassy slope below the great hotel, John Gilbart watched her as she thrust her long white side into view between Devil's Point and the wooded slopes of Mount Edgcumbe; watched her as she stole past Drake's Island and headed up the Asia passage. She kept little more than steerage way, threading her path among anchored yachts gay with bunting, and now and then politely slowing in the crowd of smaller craft under sail. For it was regatta morning. The tall club flagstaff behind and above Gilbart's head wore its full code of signals, with blue ensign on the gaff and blue burgee at the topmast head, and fluttered them intermittently as the nor'westerly breeze broke down in flaws over the leads of the club-house. Below him half a dozen small boys with bundles of programmes came skirmishing up the hill through the sparse groups of onlookers. Off the promenade pier, where the excursion steamers bumped and reeked and blew their sirens, the committee-ship lay moored in a moving swarm of rowboats, dingies, and steam-launches. She flew her B signal as yet, but the seconds were drawing on toward the five-minute gun; and beyond, on the ruffled Sound, nine or ten yachts were manoeuvring and trimming their canvas; two forty-raters dodging and playing through the opening stage of their duel for the start; four or five twenties taking matters easy as yet; all with jackyards hoisted. To the eastward a couple of belated twenties came creeping out from their anchorage in Cattewater.