"When I became head clerk for the firearms firm, I was sent to Madrid, Spain, to look up a certain contract with the Spanish Government for small arms. In the meantime, Joseph Farvel had secured a position with another firearms company, and they were also after this contract. We met in Madrid and another quarrel ensued, but nothing came of it.

"I secured the contract, and was on the point of returning to England, when I fell in with an old Spanish sailor who had spent much of his time in Cuban and Porto Rican waters. I did this fellow several favors, and in return for this he told me of a treasure said to be hidden away in one of the great caves of Porto Rico, which are located to the southwest of Caguas, and five miles west of the village of Aguas Buenas."

"And what was the treasure?" cried Leander, who sat by, his mouth half open in wonder.

"It was a treasure in Spanish gold, said to have been placed in the cavern by a smuggler, who had journeyed inland after he had found the coast of Porto Rico too hot to hold him. It was said to be locked up in a strong cedar chest, and buried under a long, flat stone upon which was cut a cross and the initials M. M. M."

"That ought to be easy to find—if you can locate the cave," said Bob.

"Exactly—if I can locate the cave. But you must remember that, although the caves of Porto Rico are but little known, the largest of them, called the Dark Cave, is said to rival your own Mammoth Cave of Kentucky."

"Gracious! If it's as big as that, then that's another question," returned Bob, and his face fell, for he was already thinking of taking a hand at treasure-hunting himself.

"I have some fairly good directions as to how to reach the cave," went on Robert Menden. He cleared his throat. "But I am getting ahead of my tale. I heard of this treasure in Madrid, and strange as it may seem, Joseph Farvel heard of it, too.

"When I returned to London, bad news awaited me. The firm I had represented had failed, and instead of getting a large sum of money for my success in Madrid, I was thrown out of employment. Times were hard and I could not secure another situation, and at last I sailed for Havana, intending to go from there to Ponce, Porto Rico, and then strike out into the interior of the island in search of the hidden chest of gold.

"You can well imagine my surprise when on the second day out I ran across Joseph Farvel, who had also taken passage for Cuba. We quarrelled once more, and he accused me of dogging his footsteps, and of wanting to get his treasure away from him. I told him I wanted nothing to do with him and that I reckoned the treasure would belong to the first man who found it."