OK, interesting: the local fishermen seem to have developed some sort of mythology around Hugo and Frank Muto and what happened out there on the boat.
Allison talks to some more fishermen to find out what the Bee is. It's the Black Bee, Frank Muto's boat. A bunch of dialogue between the fishermen ensues. They refer to Frank as "Mutt" and Hugo as "Master Billy" and they talk a bunch of gobbledygook about mutiny and the cold, deadly embrace of the sea. At which point Allison starts freaking out and stomping on one of their necks and screaming at them to tell her where Hugo is.
Only slightly confusing thing for Chokeville experts to write their doctoral theses on: The Black Bee was also the name of the dirigible that little girl, Junie Woolford, flew around town. (Ch. 58-60)