"Can you see anything, Trenholm?"

"It's Buckrow. He's acting queerly, and I can't make out just what he is doing. Take a look and see if you can tell."

He took the glass and studied the pirate, who was loafing along in an aimless fashion, stopping every few steps to scan the hills of Luzon.

"He's taking bearings on that mountain-peak or some other beacon," said the captain. "He's got a small compass."

Without the glass I could see Buckrow get down on his knees in the sand and put something down before him. Then he stretched at full length, with his hands raised from his elbows to shade his eyes from the sun.

"He's taking sights on the big peak," said Riggs. "It looks to me as if they got a bearing on it from where they have stowed the gold, and Buckrow wants to get the same bearing from the beach and leave a marker as a middle point and a guide to where the treasure is concealed. The opposite reading of the compass from the bearing of the peak would be a leader to the cache. The bearing he takes, extended behind him, will run pretty near to where the gold is hidden. He's particular as a Swede skipper with that sight he's taking."

Finally, Buckrow crawled into the jungle again and disappeared. We waited for a quarter of an hour, keeping close watch on the beach, but we saw him no more.

"He made a little beacon with three stones," explained the captain. "I ain't sure just what it means, but Thirkle ain't the man to leave such work to Buckrow. You can bet Thirkle will know how to find the gold again without asking Buckrow for the bearings. There is some deviltry afoot, and my best guess is that the pirates ain't getting along none too well among themselves with that treasure.

"We'll have to scout along the beach and pick up their trail and run 'em down carefully. Anyway, I'm glad they are here, but we'll have to hustle along now or they'll be cutting out of this, and if they get the boats into the water, we'll have to let 'em go without a shot. That'll give us a hard job, because we'll have to take a chance of leaving the gold to get help and having them come back for it while we're gone."

We were well satisfied to know that the pirates were on the island and that we had found them before they were aware of our escape from the Kut Sang. Now we had a good opportunity to stalk them and give them a surprise.