"Nothing," said Floyd; "we can't move without labor, and even that's no use without a ship. To rig an expedition up at Frisco or Sydney will cost a lot, and you may be sure any speculator who puts his money into the thing will want to gobble most of the profits."

"Before we'd let him into the know we'd make him sign a paper," said Schumer, "stating his acceptance of our terms, and then we'd make him keep his bond with a pistol to his head. I don't trust the law alone, but the law backed by a derringer makes a pretty good security."

As Schumer spoke, Floyd, who was watching his profile cut hard against the sky, noticed for the first time the flatness of the cheek bones and the relationship between the nose and chin.

Schumer was a very quiet man in his speech and manner, yet there was about him an assured confidence speaking of great reserves of energy; and now for the first time, as though the thought of being robbed of his treasure had revealed it, there peeped out a new man; something of the bird of prey showed in that profile, something of the desperado found echo in his voice.

"Well," said Floyd, "there's no use in making plans till we have something to go on. Let's settle on our immediate business; we'll have to get oysters up and rot them in the sun to see if there's any show of pearls, and it seems to me that we are very well placed for that. Suppose a ship comes into the lagoon; well, she can't come within a mile of this beach on account of the shoal water, and she won't be able to see our work. I propose we stick to our old camp by the wreck, and come here every day to work. We can leave Isbel on guard at the camp, and if she sights a ship she can light a fire to give us warning."

"That's sense," replied Schumer, who had become himself again. "We can rot the oysters on the weather side of the reef, and we'll set to work on the business to-morrow morning. Let's get back now to the camp. I'm going to fix up a dredge. Did I tell you I was a bit of an engineer? I've had to be a bit of everything this time or that. I once edited a paper and wrote it mostly, from the poetry column to the produce. I guess I'd have written books if my lines had been cast in quiet waters. Trade has always kept me going, and here where there's palm trees and blue water enough trade turns up in oysters."

His eyes were fixed across the lagoon on the palms near the wreck; the hawk-like look had vanished, and he murmured half to himself the verse of Scheffel:

"Zwölf Palmen ragten am Meeresstrand
Um eine alte Cisterne.
"

It was "Dun Tode Nah" he was repeating, and Floyd, who did not know the verse, knew the language.

"You speak German?" said he.