'Each member, or, if he die in the course of the expedition, his legal representative, will receive one-twentieth of the gross proceeds of the venture.

'If any member of the expedition mutiny or incite to mutiny, he shall be tried by a court-martial of the other members of the expedition, and, if it be decided by a majority of three-quarters that the offence be sufficiently grave, he shall forfeit all share in the proceeds of the expedition, subject to an appeal to the English Courts on his return.

'None of these rules apply to the paid hands on the vessel.'


The paid hands received good wages and were entitled to no share of the treasure, though they, of course, knew well that, should our search prove successful and their conduct have been satisfactory, they would receive a substantial present.

It would, of course, have been very pleasant for me to have selected my volunteers from among my own friends, especially those who had been at sea with me before; but this I found to be impossible, at any rate at such short notice. I knew dozens of men who would have liked nothing better than to have joined me, but all were engaged in some profession or other which it would have been folly to have neglected for so problematic a gain. The type of man who is willing to toil hard, endure discomfort and peril, and abandon every luxury for nine months on the remote chance of discovering treasure, and is, moreover, willing to pay 100l. for the privileges of doing so, is not to be found easily, either in the professional or wealthy classes.

There are, doubtless, thousands of Englishmen willing to embark on a venture of this description, but it is obvious that there is a likelihood of a fair percentage of these volunteers being adventurers in the unfavourable sense of the term—men anxious to get away from England for reasons not creditable to themselves, men, too, of the rolling-stone description and more or less worthless in a variety of ways, and who would be more likely than the paid sailors to wax discontented and foment mutiny. I realised that the selection of my men should be made with great care.

Of volunteers I had no lack. An article in the St. James's Gazette describing my project brought me applications to join from something like 150 men.

Some of the letters I received were great curiosities in their way, and would cause much amusement could I publish them. I interviewed some sixty of the applicants, and this was certainly far the most arduous and difficult work connected with the undertaking, so far as I was concerned. I shall never forget how weary I became of the repetition to each fresh visitor of the conditions and object of the voyage, and with what dread I looked forward to my visits to the little club at which these interviews were held.

All manner of men made appointments to meet me—the sanguine young spirits eager for adventure, the cautious and suspicious who would not risk their 100l. unless they were guaranteed a return of 50,000l. or so. There were also those who wasted my time out of mere curiosity, never having entertained any intention of joining me, and others who hoped to pump enough information out of me to enable them to earn a few guineas by writing an article for the newspapers.