It's June and most of you are at the beach, the lake, or the mountains. The economy seems to be growing just fast enough to avoid stalling and not so fast as to spark inflation. Stocks and bonds are also behaving nicely. So with your indulgence, it's time once again for a Cape Lookout story.

Three of us met at the dock, one hot summer morning, ready for the day’s adventure. Pete, Reid and I had been intrigued by news in town of the discovery of a sunken German U-Boat, completely intact and sitting upright on the bottom. Details of her location were closely guarded because of her salvage value.