"But do you think it is TRUE? You believe me?"

"We certainly do," chorused both the boys, much impressed by the old salt's narration.

"Well, the only problem is to get to the galleon," resumed Bill.

"That would be easy in the Golden Eagle," was Frank's quiet rejoinder. "She could be fitted with aluminum pontoons, and, with a propeller device installed, we could start her upward from the water as easily as from the land."

"By the Lord High Admiral's slippers!—do you think you could, lads?" exclaimed the old mariner in great excitement.

"I am certain of it," was the quiet rejoinder.

"Boys, there's enough gold there to make us all millionaires."

"Hardly enough for that, I should think," smiled Frank, "but at least it is worth trying for. What do you say, boys, shall we make a dash for the golden galleon?"

"Will we? Why, Frank, if you'll lead the way we'll follow all right," cried Billy, wild with excitement at the notion.

Hastily the eager group sketched out the rough details of the expedition and it was agreed that the boys should start on their treasure quest immediately after the cup race—provided they could obtain their father's permission.