The shock was a great one, although hardly unexpected, for his father's health had not been strong; and the thought that he would not be alive, when he returned, had often saddened Ned's mind during his absence. He found, however, no lack of welcome in the village. There were many of his school friends still there, and these looked with astonishment and admiration on the bronzed, military-looking man, and could scarce believe that he was their playmate, the Otter.

Here Ned tarried a few days, and then, according to his promise to Gerald, started for the part of the country where he lived, and received a most cordial welcome from the father and family of his friend.

[Chapter 10]: Southward Ho!

Upon making inquiries, Ned Hearne found that Captain Drake had, upon the return of his expedition, set aside the shares of the prize money of Gerald Summers, himself, and the men who were lost in the wreck of the prize, in hopes that they would some day return to claim them. Upon the evidence given by Gerald and himself of the death of the others, their shares were paid, by the bankers at Plymouth who had charge of them, to their families; while Ned and Gerald received their portions.

Owing to the great mortality which had taken place among the crews, each of the lads received a sum of nearly a thousand pounds, the total capture amounting to a value of over a million of money. As boys, they each received the half of a man's share. The officers, of course, had received larger shares; and the merchants who had lent money to get up the expedition gained large profits.

Ned thought, at first, of embarking his money in the purchase of a share in a trading vessel, and of taking to that service; but, hearing that Captain Drake intended to fit out another expedition, he decided to wait for that event, and to make one more voyage to the Spanish main, before determining on his future course. Having, therefore, his time on his hands, he accepted the invitation of the parents of his three boy friends, Tom Tressilis, Gerald Summers, and Reuben Gail. He was most warmly welcomed, for both Tom and Gerald declared that they owed their lives to him. He spent several weeks at each of their homes, and then returned to Plymouth, where he put himself into the hands of a retired master mariner, to learn navigation and other matters connected with his profession, and occupied his spare time in studying the usual branches of a gentleman's education.

It was some months before Captain Francis returned from Ireland, but when he did so, he at once began his preparations for his next voyage. The expedition was to be on a larger scale than that in which he had formerly embarked, for he had formed the resolve to sail round Cape Horn, to coast along north to the Spanish settlements upon the great ocean he had seen from the tree top in the Isthmus of Darien; and then, if all went well, to sail still further north, double the northern coasts of America, and to find some short way by which English ships might reach the Pacific. These projects were, however, known to but few, as it was considered of the utmost importance to prevent them from being noised abroad, lest they might come to the ears of the Spaniards, and so put them upon their guard.

In spite of the great losses of men upon the former expedition, the number of volunteers who came forward, directly Captain Drake's intention to sail again to the Indies was known, was greatly in excess of the requirements. All, however, who had sailed upon the last voyage, and were willing again to venture, were enrolled, and Captain Drake expressed a lively pleasure at meeting Ned Hearne and Gerald Summers, whom he had given up as lost.

The expenses of the expedition were defrayed partly from the funds of Captain Drake and his officers, partly by moneys subscribed by merchants and others who took shares in the speculation. These were termed adventurers. Ned embarked five hundred pounds of his prize money in the venture, as did each of his three friends.

He was now nineteen, and a broad, strongly-built young fellow. His friends were all somewhat older, and all four were entered by Captain Francis as men, and ranked as "gentlemen adventurers," and would therefore receive their full share of prize money.