"What, you grudge twelve thousand dollars when there are millions, perhaps, at stake?" demanded Malvoise's calm tones.

"No, no," old Barr corrected himself, "it's not that, but twelve thousand dollars is a lot of money. However, I'd gladly give twice that sum to get first to the lost galleon and her golden cargo."

"It's well worth it," commented Sanborn.

"Anyway, she is exactly the kind of air-ship we need for the recovery of the treasure," put in Malvoise. "Originally intended for Government use, she was turned back to her owner on account of a defect in the machinery which has since been rectified. She carries a fine cabin and a pilot house on her substructure, and is fitted up with sleeping quarters. Best of all, she is capable of lifting five tons beside her own weight. The hydrogen gas to inflate her with, we can carry down in tubes on your yacht and fill the bag when we get to the borders of the Sargasso, although Constantio, her inventor, who will go with us, has ideas of his own about hydrogen."

"But how are you to float her while we are rifling the galleon of her treasure?" demanded old Barr.

"Very simple," was the reply, "merely tether her to the galleon as you would a horse and when we are ready to load, haul her to a level with the deck and then with a full cargo of treasure—hurray for New York!"

"Splendid," cried old Barr, catching the enthusiasm of the other, "we will sail then, shortly?"

"As soon as everything is ready" was the reply of Malvoise, "we need one more man and I have advertised for him—now let us drink to the treasure of the Buena Ventura and may we soon have our hands in the sack."

There was a clinking of glasses as the toast was drunk, and then the trio conversed in lower tones. Billy had heard enough, however, to convince him that by some strange fate he had been rescued from death in the Sound to become the instrument of the discovery of a plot to beat the boys to the Sargasso and the treasure ship. Gritting his teeth he resolved to do all he could to frustrate the man who had tried to outwit the Boy Aviators in Africa and steal their hard-won ivory.

Two hours later, the Princeton docked at New York, and Billy hastened to despatch a telegram to Lone Cove, telling the others of his safety and that he had important news to communicate.