"Sure we have!" and Jack flung out the dirt excitedly. "Easy there now, old fellow! Look out! It's the chest, sure enough!"
The two girls jumped up and ran to look, as the boys uncovered one corner of what seemed to be an old brass-bound chest.
"It is; it is!" cried Dolly. "We've found it. Hooray, everybody! We've found the treasure!"
As her voice rang out the others left their digging and all congregated about the lucky finders.
Other spades were set to work and in a short time willing hands lifted the old chest from the hole and set it up on the solid earth.
"It's locked!" cried somebody, as several tried to open it at once.
"Of course it is," said Dolly; "don't you remember, Jack, it was the key that first showed us where it was. What did you do with that key?"
"I don't know," and Jack Norris began looking around.
"I know," said Dolly, laughing; "you left it on the ground and you spaded out the dirt all over it. Now you'll have to dig for the key!"
"That's just what I did do! If I'm not the chump!" and Jack began to dig in the heap of dirt they had thrown up out of the hole.