“Good fishing,” Regan girded good-humoredly.

“I’d like to meet this Alvarez Torres just the same,” the young man responded.

“Fool’s gold,” Regan continued. “Though I must admit that the cuss is most exasperatingly plausible. Why, if I were younger—but oh, the devil, my work’s cut out for me here.”

“Do you know where I can find him?” Francis was asking the next moment, all unwittingly putting his neck into the net of tentacles that Destiny, in the visible incarnation of Thomas Regan, was casting out to snare him.


The next morning the meeting took place in Regan’s office. Senor Alvarez Torres startled and controlled himself at first sight of Francis’ face. This was not missed by Regan, who grinningly demanded:

“Looks like the old pirate himself, eh?”

“Yes, the resemblance is most striking,” Torres lied, or half-lied, for he did recognize the resemblance to the portraits he had seen of Sir Henry Morgan; although at the same time under his eyelids he saw the vision of another and living man who, no less than Francis and Sir Henry, looked as much like both of them as either looked like the other.

Francis was youth that was not to be denied. Modern maps and ancient charts were pored over, as well as old documents, handwritten in faded ink on time-yellowed paper, and at the end of half an hour he announced that the next fish he caught would be on either the Bull or the Calf—the two islets off the Lagoon of Chiriqui, on one or the other of which Torres averred the treasure lay.

“I’ll catch to-night’s train for New Orleans,” Francis announced. “That will just make connection with one of the United Fruit Company’s boats for Colon—oh, I had it all looked up before I slept last night.”