is here; I know it, now. On the watch last night I saw It, like a man, tall and thin, and ghastly pale. It was in the bows, and looking out. I crept behind It, and gave It my knife; but the knife went through It, empty as the air.” And as he spoke he took his knife and drove it savagely into space. Then he went on: “But It is here, and I’ll find It. It is in the hold, perhaps in one of those boxes. I’ll unscrew them one by one and see. You work the helm.” And, with a warning look and his finger on his lip, he went below. There was springing up a choppy wind, and I could not leave the helm. I saw him come out on deck again with a tool-chest and a lantern, and go down the forward hatchway. He is mad, stark, raving mad, and it’s no use my trying to stop him. He can’t hurt those big boxes: they are invoiced as “clay,” and to pull them about is as harmless a thing as he can do.