“If he really sells, this will be the biggest year's output of pearls in the Paumotus,” Grief said.

“I say, now, look here!” Mulhall burst forth, harried by the humid heat as much as the rest of them. “What's it all about? Who's the old beachcomber anyway? What are all these pearls? Why so secretious about it?”

“Hikihoho belongs to old Parlay,” the supercargo answered. “He's got a fortune in pearls, saved up for years and years, and he sent the word out weeks ago that he'd auction them off to the buyers to-morrow. See those schooners' masts sticking up inside the lagoon?”

“Eight, so I see,” said Hermann.

“What are they doing in a dinky atoll like this?” the supercargo went on. “There isn't a schooner-load of copra a year in the place. They've come for the auction. That's why we're here. That's why the little Nuhiva's bumping along astern there, though what she can buy is beyond me. Narii Herring—he's an English Jew half-caste—owns and runs her, and his only assets are his nerve, his debts, and his whiskey bills. He's a genius in such things. He owes so much that there isn't a merchant in Papeete who isn't interested in his welfare. They go out of their way to throw work in his way. They've got to, and a dandy stunt it is for Narii. Now I owe nobody. What's the result? If I fell down in a fit on the beach they'd let me lie there and die. They wouldn't lose anything. But Narii Herring?—what wouldn't they do if he fell in a fit? Their best wouldn't be too good for him. They've got too much money tied up in him to let him lie. They'd take him into their homes and hand-nurse him like a brother. Let me tell you, honesty in paying bills ain't what it's cracked up to be.”

“What's this Narii chap got to do with it?” was the Englishman's short-tempered demand. And, turning to Grief, he said, “What's all this pearl nonsense? Begin at the beginning.”

“You'll have to help me out,” Grief warned the others, as he began. “Old Parlay is a character. From what I've seen of him I believe he's partly and mildly insane. Anyway, here's the story: Parlay's a full-blooded Frenchman. He told me once that he came from Paris. His accent is the true Parisian. He arrived down here in the old days. Went to trading and all the rest. That's how he got in on Hikihoho. Came in trading when trading was the real thing. About a hundred miserable Paumotans lived on the island. He married the queen—native fashion. When she died, everything was his. Measles came through, and there weren't more than a dozen survivors. He fed them, and worked them, and was king. Now before the queen died she gave birth to a girl. That's Armande. When she was three he sent her to the convent at Papeete. When she was seven or eight he sent her to France. You begin to glimpse the situation. The best and most aristocratic convent in France was none too good for the only daughter of a Paumotan island king and capitalist, and you know the old country French draw no colour line. She was educated like a princess, and she accepted herself in much the same way. Also, she thought she was all-white, and never dreamed of a bar sinister.

“Now comes the tragedy. The old man had always been cranky and erratic, and he'd played the despot on Hikihoho so long that he'd got the idea in his head that there was nothing wrong with the king—or the princess either. When Armande was eighteen he sent for her. He had slews and slathers of money, as Yankee Bill would say. He'd built the big house on Hikihoho, and a whacking fine bungalow in Papeete. She was to arrive on the mail boat from New Zealand, and he sailed in his schooner to meet her at Papeete. And he might have carried the situation off, despite the hens and bull-beasts of Papeete, if it hadn't been for the hurricane. That was the year, wasn't it, when Manu-Huhi was swept and eleven hundred drowned?”

The others nodded, and Captain Warfield said: “I was in the Magpie that blow, and we went ashore, all hands and the cook, Magpie and all, a quarter of a mile into the cocoanuts at the head of Taiohae Bay—and it a supposedly hurricane-proof harbour.”

“Well,” Grief continued, “old Parlay got caught in the same blow, and arrived in Papeete with his hatful of pearls three weeks too late. He'd had to jack up his schooner and build half a mile of ways before he could get her back into the sea.