As seen from the deck of the schooner, the race had by this time become very exciting; for, as their boat approached the wreck on one side, another, manned by red-shirted wreckers, who were exhibiting a wonderful amount of pluck and endurance for "Conchs," as Jan called them, was rapidly coming up on the other. It was hard to tell which was the nearer; and while Mark shouted in his excitement, Mrs. Elmer and Ruth waved their handkerchiefs, though their friends were too far away to be encouraged by either the shouts or wavings. At last "Captain Li's" boat dashed up alongside the wreck, and almost at the same instant the wrecker's boat disappeared from view on the opposite side. With their glasses, those on the schooner saw their captain go up the side of the ship, hand over hand, along a rope that had been thrown him, and disappear over the bulwarks. They afterwards learned that he reached the deck of the ship, and thus made himself master of the wreck, just as the head of his rival appeared above the opposite side. The wreck proved to be the ship Goodspeed, Captain Gillis, of and for Liverpool, with cotton from New Orleans. During the calm of the preceding night she had been caught by one of the powerful coast currents, and stealthily but surely drawn into the toils. Shortly before daylight she had struck on Pickle Reef, but so lightly and so unexpectedly that her crew could hardly believe the slight jar they felt was anything more than the shock of striking some large fish. They soon found, however, that they were hard and fast aground, and had struck on the very top of the flood tide, so that, as it ebbed, the ship became more and more firmly fixed in her position. As the ship settled with the ebbing tide she began to leak badly, and Captain Gillis was greatly relieved when daylight disclosed to him the presence of the Nancy Bell, and he greeted her captain most cordially as the latter gained the deck of his ship. By the time the schooner had approached the wreck, as nearly as her own safety permitted, and dropped anchor for the first time since leaving Bangor, a dozen little wrecking craft, manned by crews of swarthy spongers and fishermen, had also reached the spot, and active preparations for lightening the stranded ship were being made. Her carefully battened hatches were uncovered, whips were rove to her lower yards, and soon the tightly pressed bales of cotton began to appear over her sides, and find their way into the light draught wrecking vessels waiting to receive them. As soon as one of these was loaded, she transferred her cargo to the Nancy Bell and returned for another.