“I have a tank of compressed air fixed to the back of a special diving suit,” explained the man. “There’s also a search light and a small storage battery provided. In this suit I step out through the air lock onto the wreck. The rest is easy. I return with the load of gold the same way I went out. The submarine is anchored. The whole thing is simple!”

“Sure enough!” exclaimed Jimmie. “Why didn’t I remember our arrangement on the Sea Lion? And then, too, we saw you walking about on the decks of the Wanderer! I guess I’m going daffy!”

“What do you say, boys, will you join the expedition?”

“We don’t stand much chance of getting home right away,” stated Ned. “I guess we might as well—” what he would say was cut short by the sound of a cannon shot booming through the gathering darkness.

“What’s that?” inquired Jack anxiously, jumping to his feet.

“I’ll bet it’s that bloomin’ steamer we saw!” cried Jimmie. “That must be another of those gun boats and they’re chasing us!”

“I’ll go up to the deck and see!” offered Ned.

“Be careful, don’t let them get you!” warned Jack.