7 a.m.
-- The ship was sinking rapidly ; the water had risen to the fore-top ; the poop and forecastle were completely submerged ; the top of the bowsprit had disappeared , and only the three mast-tops projected from the waves . But all was ready on the raft ; an erection had been made on the fore to hold a mast , which was supported by shrouds fastened to the sides of the platform ; this mast carried a large royal . Perhaps , after all , these few frail planks will carry us to the shore which the `` Chancellor '' has failed to reach ; at any rate , we can not yet resign all hope . We were just on the point of embarking at 7 a.m. when the `` Chancellor '' all at once began to sink so rapidly that the carpenter and men who were on the raft were obliged with all speed to cut the ropes that secured it to the vessel to prevent it from being swallowed up in the eddying waters . Anxiety , the most intense , took possession of us all . At the very moment when the ship was descending into the fathomless abyss , the raft , our only hope of safety , was drifting off before our eyes . Two of the sailors and an apprentice , beside themselves with terror , threw themselves headlong into the sea ; but it was evident from the very first that they were quite powerless to combat the winds and waves .