For there before him lay neatly packed, as they had been by busy hands at least two hundred and fifty years before, hundreds upon hundreds of little rough ingots of gold. Not a bar was displaced, for the massive framework in which they had been stowed, though rotten, had not given way like what had probably surrounded the silver, which lay tossed about at random.

“Wealth, wealth, rich gold,” muttered Dutch, as he signalled for more air; and then, looking more closely at his find, he could see by sweeping away the sand that slowly trickled back, as if eager to cover the treasure it had held secret so long, that the gold had not been packed as he had supposed, but had evidently been in little wooden boxes, which had rotted quite away, the places of the wood being filled up by sand, which lay in rectangular lines.

“The silver has all been saved without doubt,” said Dutch to himself as he gazed at his find, and thought of the delight with which the news would be received by his partner. Then he turned to get the bucket and fill it, wishing himself on deck when it arrived there to watch the astonishment of those who emptied it.

As he moved he had again to signal for more air, and looking down he saw the sand slowly trickling back over the gold, so that in a very few moments it would have been covered.

He picked up the shovel, meaning to throw the sand in that part more effectually away, when once more the difficulty of breathing attacked him.

He signalled for more air, but no more came, neither to his next signal; and feeling that something must be wrong with the apparatus, he was already on his way to the steps, when he received a signal to come up; and on reaching the surface, with the air becoming each moment more deficient, he was quickly helped on board and relieved of his helmet.

“I couldn’t help it, Mr Dutch,” exclaimed Rasp, “the leather’s giving way on the piston, and we must have a good repair.”

“But it’s held out just long enough,” said Mr Parkley, “for Rasp tells me we’ve got to the end, and he only just left you a little of the silver to send up.”

“Yea, Mr Pug, I tried all round, but there was nothing but wood and sand—wood and sand everywhere. ’Cept what you’ve sent up, I say there wasn’t a bit more silver left.”

“Why didn’t you say so before I went down?” said Dutch.