“Now,” said Captain George Goeltz, “Bill here could ’a’ followed suit and sold the vessel. Of course they had no papers except for the French group, but in South America twenty-five years ago a piaster was a piaster. Bill was square then, as he is now, and he borrows enough money to buy grub, and he steers right back to Papeete. Gott im Himmel! Were the owners glad to see that schooner again? They had given her up as gone for good when the husband told them his wife had run away with the captain. That’s how Bill got his certificate to command vessels in this archipelago, which only Frenchmen can have.”

Goeltz picked up the “Daily Commercial News” of San Francisco, and idly read out the list of missing ships. There was only one in the Pacific of recent date whose fate was utterly unknown. She was the schooner El Dorado, which had left Oregon months before for Chile, and had not been sighted in all that time. The shipping paper said:

What has become of the El Dorado, it is, of course, impossible to say with any degree of accuracy, but one thing is almost certain, and that is that the likelihood of her ever being heard of again is now practically without the range of possibility. Nevertheless she may still be afloat though in a waterlogged condition and drifting about in the trackless wastes of the South Pacific. Then again she may have struck one of the countless reefs that infest that portion of the globe, some entirely invisible and others just about awash. She is now one hundred and eighty-nine days out, and the voyage has rarely taken one hundred days. She was reported in lat. 35:40 N., long. 126:30 W., 174 days ago.

“There’ll be no salvage on her,” said Captain Pincher, “because if she’s still afloat, she ain’t likely to get in the track of any bloody steamer. I’ve heard of those derelic’s wanderin’ roun’ a bloody lifetime, especially if they’re loaded with lumber. They end up usually on some reef.”

This casual conversation was the prelude to the strangest coincidence of my life. When I awoke the next morning, I found that the big sea had not come and that the sun was shining. My head full of the romance of wrecks and piracy, I climbed the hill behind the Tiare Hotel to the signal station. There I examined the semaphore, which showed a great white ball when the mail-steamships appeared, and other symbols for the arrivals of different kinds of craft, men-of-war, barks, and schooners. There was a cozy house for the lookout and his family, and, as everywhere in Tahiti, a garden of flowers and fruit-trees. I could see Point Venus to the right, with its lighthouse, and the bare tops of the masts of the ships at the quays. Gray and red roofs of houses peeped from the foliage below, and a red spire of a church stood up high.

The storms had ceased in the few hours since dawn, and the sun was high and brilliant. Moorea, four leagues away, loomed like a mammoth battle-ship, sable and grim, her turrets in the lowering clouds on the horizon, her anchors a thousand fathoms deep. The sun was drinking water through luminous pipes. The harbor was a gleaming surface, and the reef from this height was a rainbow of color. All hues were in the water, emerald and turquoise, palest blue and gold. I sat down and closed my eyes to recall old Walt’s lines of beauty about the

—World below the brine.
Forests at the bottom of the sea, the branches and leaves.
Sea-lettuce, vast lichens, strange flowers and seed.
The thick tangle,... and pink turf.

When I looked again at the reef I espied a small boat, almost a speck outside the coral barrier. She was too small for an inter-island cutter, and smaller than those do not venture beyond the reef. She was downing her single sail, and the sun glinted on the wet canvas. I called to the guardian of the semaphore, and when he pointed his telescope at the object, he shouted out:

Mais, c’est curieux! Et ees a schmall vessel, a sheep’s boat!”

I waited for no more, but with all sorts of conjectures racing through my mind, I hurried down the hill. Under the club balcony I called up to Captain Goeltz, who already had his glass fixed. He answered: