"You have no matches there."

"Here is proof of that."

Dick struck a match as he spoke, and set fire to a piece of paper he happened to have in his pocket.

Captain Joaquin was dismayed.

Dick could hear him consulting in low tones with his men.

"What are you going to do about it?" Dick inquired, after a pause. "I am ready to offer my terms."

He had a potent weapon to use against them, and that was the possession of the fortune they had risked so much to get possession of that day.

"Ready to offer terms," sneered the Red Rover. "You mean that you are ready to accept such terms as you can get, I guess. We will be the ones to offer, if any terms are made at all. We hold the winning hand."

"And I hold the stuff. Don't make any mistake."

"Well, what would you call terms?"