“But don’t charter a schooner at Colon,” Torres advised. “Take the overland trip by horseback to Belen. There’s the place to charter, with unsophisticated native sailors and everything else unsophisticated.”

“Listens good!” Francis agreed. “I always wanted to see that country down there. You’ll be ready to catch to-night’s train, Senor Torres?... Of course, you understand, under the circumstances, I’ll be the treasurer and foot the expenses.”

But at a privy glance from Regan, Alvarez Torres lied with swift efficientness.

“I must join you later, I regret, Mr. Morgan. Some little business that presses—how shall I say?—an insignificant little lawsuit that must be settled first. Not that the sum at issue is important. But it is a family matter, and therefore gravely important. We Torres have our pride, which is a silly thing, I acknowledge, in this country, but which with us is very serious.”

“He can join afterward, and straighten you out if you’ve missed the scent,” Regan assured Francis. “And, before it slips your mind, it might be just as well to arrange with Senor Torres some division of the loot ... if you ever find it.”

“What would you say?” Francis asked.

“Equal division, fifty-fifty,” Regan answered, magnificently arranging the apportionment between the two men of something he was certain did not exist.

“And you will follow after as soon as you can?” Francis asked the Latin American. “Regan, take hold of his little law affair yourself and expedite it, won’t you?”

“Sure, boy,” was the answer. “And, if it’s needed, shall I advance cash to Senor Alvarez?”

“Fine!” Francis shook their hands in both of his. “It will save me bother. And I’ve got to rush to pack and break engagements and catch that train. So long, Regan. Good-bye, Senor Torres, until we meet somewhere around Bocas del Toro, or in a little hole in the ground on the Bull or the Calf—you say you think it’s the Calf? Well, until then—adios!”