“He’s right,” Bethune declared. “There’s no reason why we should make our object plain to anybody who may come along. I don’t know much about the salvage laws, but my opinion is that the underwriters would treat us fairly if we brought back the gold; and if we couldn’t come to terms with them, the courts would make us an award. Still, there’s need for caution; we have nobody’s authority, and might be asked why we didn’t report the find instead of going off to get what we could on the quiet.”

They went to sleep soon after this, and awakening in a few hours, found dawn breaking; for when the lonely waters are free from ice there is very little night in the North. A thin fog hid the land, leaving visible only a strip of wet beach, and there was still no wind, which Moran seemed to consider somewhat remarkable. As the tide was falling, Jimmy suggested that they should launch the dory and row off at once to look for the wreck; but Moran objected.

“It’s a long pull, and we don’t want to lose time,” he said. “S’pose we find her? We couldn’t work the pump from the boat, and we’d have to come back for the sloop. You don’t often strike it calm here, and we have to get ahead while we can.”

The others agreed; and after a hurried breakfast they hove the anchor and made a start, Moran sculling the Cetacea, Jimmy and Bethune towing her in the dory. They found the towing hard work, for stream and swell set against them and the light boat was jerked backward by the tightening line as she lurched over the steep undulations. Then, in spite of their care, the line would range forward along her side as she sheered, and there was danger of its drawing her under. Though the air was raw, they were bathed in perspiration before they had made half a mile; and Bethune paused a moment to cool his blistering hands in the water.

“This kind of thing is rather strenuous when you’re not used to it,” he grumbled.

Jimmy was glad of a moment’s rest; but immediately there came a cry from Moran. “Watch out! Where you going to?”

Looking round, they saw the Cetacea’s bowsprit close above their heads as she lurched toward them on the back of a smooth sea. Pulling hard, with the hampering rope across her, they got the dory round, and afterward rowed steadily, while their breath came short and the sweat dripped from them. It was exhausting work; but Bethune pointed out the fact that they had not embarked on a pleasure excursion.

At last Moran dropped anchor; and, boarding the sloop, the men spent an hour of keen suspense watching the sea. The island had faded to a faint, dark blur, and all round the rest of the circle an unbroken wall of mist rested on the smoothly lifting swell. None of them had anything to say; they smoked in anxious silence, their eyes fixed on the glassy water which gave no sign of hiding anything below.

Bethune impatiently jumped up.

“This is too tedious for me!” he exclaimed. “Can’t we sweep for the wreck from the dory with the bight of a line?”