THE FIRST PRIZE OF THE ST.

REGIS The shot from the Parrot passed between the funnel and the mainmast of the chase, as judged by the splash of the ball in the water just beyond her.

It had come near enough to the mark to wake up the captain of the highflyer.

He appeared to believe that the pursuer from the northward had simply cut him off by approaching on the shorter side of the triangle, and that all he had to do was to escape to the southward, evidently satisfied that no steamer in the Federal navy could overhaul him in a fair and square race.
"Now comes the tug of war," said Mr.Baskirk, when the St.Regis had been headed for the chase.
"The game will not last all day," added Christy.

"If I owned that highflyer, I should not employ her present captain to sail her for me.
He is overloaded with a blind confidence, and he has made a very bad use of his opportunities.