Having got the yachts in position, he gave Messrs. BENNETT and ASHBURY an audience, in which it was settled by your representative that, owing to a split in the Cambria's club-topsail, both parties should carry their block-headed jibs; and the contest was begun.

At that moment both the schooners were under their jibs and foresails, each without its bonnet, and double-reefed mainsails.

The ship was under her three top-sails, spanker and jib, when Mons.

At this moment, the state of the game was as follows:The Dawn was lying-to, with her fore-course up, main-sail furled, main-top-sail aback, and top-gallant yards on the caps, jib and spanker both set.

The English, however, were in no hurry; the two tri-color men being under their three top-sails, spankers, and jibs, with the top-gallant-sails clewed up, before John Bull reduced even a royal.

Their six royals were all flying at the same instant, as were their flying-jibs; at the next, the canvass was rolled up, and out of sight.

All four were under their top-sails, jibs, and spankers, with the courses in the brails.

Little did I understand, before practice taught me the lesson, that of all the work on board ship, which Jack is required to do, his trick at the wheel is that which he least covets, unless indeed it may be the office of stowing the jib in heavy weather.

It is scarcely necessary to say, that we had gradually diminished our own canvass, as it became necessary, until the ship was under double-reefed top-sails, the fore-course, jib and spanker.

It took all four of us to stow the jib, leaving Michael at the wheel the while.

My first measure was to lead the jib-stay, which had parted near the head of its own mast, to the head of the main-mast.

I then got up the halyards, and loosened and set the jib; a job that consumed quite two hours.

As soon as the jib was set, in this imperfect manner, I put the helm up, and got the ship before the wind.

I now jumped to the jib-halyards and down-haul, getting that sail reduced; then I half-brailed the spanker; this was done lest my hold on the yard should give way.

She had two reefs in her top-sails, with spanker, jib, and both courses set, like a craft that carried convenient, rather than urgent canvass.

But this amative mariner filled his jibs on another tack, and before his crew knew whither they were bound was well on his long traverse to Peru.

So thick was it that from the poop one could just make out the loom of the foresail, but could see nothing of the fore-topmast-stay sail or the jib.

The latter immediately pipes all hands on deck, and the mainsail, the foresail, staysail and jibs are hoisted.

There are three topsails, three jibs, and three topgallant sails" "And two courses," said the captain, gravely, to whom this theory of the threes was new.

In the front, they saw the bowsprit stretching over the waves, with its three jibs, which were hauled tightly, spread out like three great unequal wings.

Finally, at the prow, on the bowsprit, and its extreme end, were hauled the three jibs.

The jibs, the brigantine, the fore-staff, and the stay-sails are easily managed.

When Dick Sand, at Captain Hull's signal, had steered toward the scene of the catastrophe, the "Pilgrim" only carried her jibs, her brigantine, her foresail, and her top-sail.

I cannot repeat it satisfactorily, for the reason that I don't know anything about jibs, and bowsprits, and masts, and centre-boards, and I did not understand it at the time; but I received enough out of the mass of evidence presented in that language, to be sure that there had been considerable danger, and that everybody had behaved well.

Both vessels were stripped to their top-sails, spankers, and jibs, though the lofty sails of the Frenchman were fluttering in the breeze, like the graceful folds of some fanciful drapery.