“I haven’t seen any letter.”

“Ah!” The Baron was disappointed. “Well, no matter!” he went on. “You can help me nevertheless. Let me know when they find it, and I will do the rest. The moment it is in my hands, I will hand you the proofs that will make you a princess and give you a fortune of forty million rubles—twenty million American dollars. Will you help us?”

Florence shivered with delight. If she were clever, she might coax some of those twenty millions to come her way. But matters were still decidedly vague.

“Why can’t you seize the yacht now?” she asked. “Why do you need my help?”

“My dear young lady!” the Baron exclaimed. “We do not know where the wreck is! We do not know that she is in this inlet at all. It may be for a blind that the yacht comes here. If we seize her before she finds the gold, we know nothing and we get nothing. Mr. Caruth he draw himself up. ‘Ah ha!’ he cries. ‘You insult the American flag!’ The American newspapers raise the—the war-whoop—and we—we can answer nothing. We have no proof. But when the gold is once aboard, we get it and we can catch Mr. Caruth red-handed. He is caught stealing our gold. He can say nothing. If he makes trouble, the American papers are dumb or they take our side. Russia’s friendship with America is not disturbed. It is only a pirate that is caught. Ah, no, no, Princess. We must proceed slowly. We must know our ground before we move. We must wait until the gold is found. Now what say you?”

Florence considered. Clearly, nothing was to be gained by refusing the Baron outright. She must have time to decide on her course of action. If it appeared best to betray the yacht, she would not hesitate to do so; but she had no intention of playing the traitor unless she saw her profit. She must study over the situation. Meanwhile, she would appear to accept.

“All right,” she said briefly. “I’ll go with you. I’ll let you know when the gold is found. How’ll I do it?”

If Baron Demidroff was gratified, he did not show it. He was no longer treating Florence as a girl, but as a woman and a fellow conspirator.

“Your stateroom is the second on the port side, I believe,” he said tersely. “Very well. When the gold is found, hang a small red flag from your port-hole or show a red light there by night. It is understood? Yes? But your friend approaches. Adieu, Madame la Princesse!

As he walked up the aisle toward the altar, Miss Lee rose to greet Wilkins. “Gee!” she exclaimed. “Let’s get back on board. This place is as dead as a puddle duckski!”