"The shore is dark, dreary, and sterile," said I to Hartly.

"Yes," said he, "but there are many strange stories of treasure being buried there by the pirates in old times."

"Do you see that deep chasm in the rocks in the north end of the isle?" said Paul Reeves, lowering his voice impressively as he pointed to the land.

"Yes, it seems quite black among the snow."

"That is not snow, but the deposit of the Baccalao birds," said the mate. "In the old buccaneering times, the pirates are said to have buried their treasure there; and a cask branded with the King's broad arrow, and the name Adventure, was once found in it. Now all the world knows that the Adventure was the ship of the famous Captain Kidd, who cheated King William out of the finest craft in the English navy."

"How?" said I.

"Let us hear," added Hartly.

"At a time when all the seas about the coasts of North and South America and the West India Islands were swarming with buccaneer craft, manned by desperadoes of every country, who made war upon all ships that sailed the ocean and were unable to resist them, the Government of King William III. selected a mariner of doubtful reputation, named Captain William Kidd, who volunteered to root out those sea-hawks, who persecuted the thrifty traders of New Amsterdam."

"King William acted on the principle of setting a thief to catch a thief."

"Exactly so, Jack," said Hartly, "for Kidd, though ostensibly a merchant-mariner, was something of a smuggler, and had done a little in the way of picarooning. He was always heard of in out-of-the-way places, departing on voyages no one knew whither, and coming from places never heard of before. Then he was always followed by a crew of well-armed, black-muzzled, drinking, swearing, tearing fellows, who were as flush of money as if they had been at the overhauling of Havannah. But go a-head, Paul."