Dry and deep. The hundred feet which the landlord had spoken of seemed to be a moderate estimate for this pit. Its length and width at the mouth were the same as those of the others; and the staying of the sides with stout planks was the same. On looking down, they could see no bottom. Bart took a stone and dropped it, and the time which was taken up in the fall to the bottom seemed to fully warrant the estimate above mentioned. But such a pit as this did not appear to offer much chance of descending into it. None of the pulleys or windlasses which must once have been used here to lower the workmen, or hoist up the earth, now remained. The planks used as staying were over an inch apart, and these offered occasional spaces which might possibly be used as a foothold. Still, to climb down here without some sort of a rope was not to be thought of, and though Bart and Pat were both excellent climbers, they both saw at once that this was a task beyond their powers. And they had not brought a rope with them.

On looking around once more, they saw at no very great distance a staging, which at once reminded them of the directions given them by the man on the shore, and also of the words of the landlord. This staging they had also noticed as they approached the island in the boat. They now set out for this, and reached it in a short time. This staging was about the highest point on the island, and was in the midst of an immense collection of mounds of earth, and sand, and blue clay. As they stood here, they could see several pits around them; but their attention was at once arrested by one place close by the staging. It was a hollow in the earth, shaped like a bowl, about twenty feet in diameter, and perhaps the same depth. At once the landlord’s description of the present appearance of the “money-hole” flashed across their memories.

This, then, must be the place,—this bowl-shaped hollow. There could be no doubt about it. This must be the spot chosen by the buccaneers for that pit in which they were to hide their treasure. Here beneath,—far beneath,—lay concealed the plunder of the Spanish Main. Here was that blasted circular spot, with the blighted tree, and the decayed pulley, which had revealed the secret to the first diggers. Here those two had worked who had so nearly reached the treasure, and this bowl-shaped cavity showed them what appeared to the eyes of those first diggers, when, after they had just touched the treasure, they went forth on the following morning to see their labor destroyed, and all their toil wasted.

Around this were the signs of other labors, and the unmistakable traces of all the toilers, who in succession had labored here. Some pits had caved in, like the original “money-hole.” Others had filled with water. The sand, gravel, and clay, that had been drawn up out of these various excavations, covered a large space. Close by a pit, which lay nearest to the “money-hole,” rose the staging which had attracted them. On examining this, its purpose was at once evident. It was erected so as to allow of the working of pumps by horse-power. The circle was there which the horses traversed, and all the machinery was in perfect order. They understood the purpose of this machine at once from the landlord’s story. It had been intended to reach the bottom of the “money-hole” by a new pit, and this pit was to be kept dry by pumping. The pit must evidently be the one which immediately adjoined the “money-hole.” But how completely this plan had failed, was now evident to them from this pit itself, which, like the others that they had first seen, was full of water. This pit had proved of no avail against “Kidd’s drain.” Horse-power had been weak against the tides of the sea. Here was the melancholy result—a failure complete and utter; a pit flooded; engines useless; costly works deserted. Would the attempt ever be made again? or if so, would steam succeed when pitted against the waters of the ocean?

They went down into the bowl-shaped cavity which marked the “money-hole,”—they did so cautiously, for they had vague fears of quicksand. But their fears were idle. The ground seemed as hard and as solid as on any other part of the island. They stood there, and stamped, and jumped, but the firm soil yielded not. They could scarcely believe that this was the very central point affected by the waters of the sea. And yet this must be so, for this was the point to which the “drain” had been directed, and far down the waters guarded the treasure from the hand of man.

After remaining here for a time, they emerged from the cavity, and their attention was next attracted by a hut not far away. To this they directed their steps. They found the door wide open, and entered. Inside they saw two rooms divided by a board partition, with a chimney rising in the middle. This had been the place where the workmen lived, for signs of these occupants were still visible around. The two rooms were filled with spades, and chains, and boxes, and a miscellaneous collection of articles that had probably been used by the last excavators, and had been left here in anticipation of further use. Among these they saw a quantity of ropes in coils of different sizes; and they saw at once that if they wished to go down into any one of the pits, a way of descending was now supplied.

The chimney at once suggested to their minds the remarks of the landlord about the stone with the inscription. To the boys that stone seemed the most important part of the whole story, and offered a more direct evidence as to its truth than anything else. They wished to see it, and judge for themselves. They accordingly examined the chimney on every side, but, to their very great disappointment, could not see anything of the kind. At length Bart found a place in the chimney from which a portion seemed to have been detached, and he at once declared that this must have been the place where the stone was, and that it had probably been taken away, so as to be made use of for the purpose of affecting the public mind, and inducing people to take stock in the new company.

The sight of the ropes at once awakened within them a desire to put in practice their intention of descending into one of the pits. It did not seem to them to be dangerous. Bart was as active as a cat in climbing, especially when he had anything to do with ropes; while Pat, though not equal to him in this respect, was still quite able to do any ordinary work of the kind. One of the pits, as they had seen, was dry, but it was a little too far away. They wished to find one which was rather nearer the “money-hole,” where there might be some chance of putting into practice Pat’s idea about the tunnel. No thought of danger entered into their minds, no dread of the treacherous waters which had broken through into the other holes, and flooded them. They prepared to put their scheme into execution as calmly as if it was no more than climbing a tree.

But first they must seek a pit nearer the “money-hole;” and with this intention they went back to that central spot, where they examined the pits in its neighborhood. To their great joy they soon found one. It was on the side opposite to that where the staging had been erected, and was quite dry. This they knew by dropping stones down, and listening to the sound made when they struck. All of them fell with a dull thud, and without any splashing noise, such as would have been produced had water been there.

This at once decided them in favor of the pit just mentioned: and the next thing was, how to arrange the rope so as to make the descent. One could not lower the other; and if such a thing had been possible, neither one would have been willing to stay up. There was therefore nothing for them to do but to adopt the simple plan of climbing down by means of a rope secured to the top. First of all they had to select the rope. This they did without much delay. Among the various coils in the hut, one seemed suitable from size and quality. It had been used, like all the others; it seemed perfectly strong enough; and it was also sufficiently soft and smooth to the hands. This coil was therefore selected and brought to the place. A stone was quickly attached to one end, and was thrown down. The rope fell all the way to the bottom without being more than half expended. The rest of the coil lay at the edge of the pit.