"Of course," he went on, "I'm the principal owner of the ship, and what I say, goes. I could do this against his will, if I wished, although of course in that case I'd be bound to see that he got as much profit as he would have done if I'd taken the Galveston job."

"What kind of feller is this Parmalee?" asked Grimshaw cautiously.

"As fine a lad as you'd care to meet," answered the captain heartily. "Friendly and good-hearted and white all through. He's sickly in body, but his head's all right. And just because he is that kind, I don't want to do anything that would hurt or offend him.

"But that's a matter that can wait," he continued. "In any event it won't affect our plans. Either I'll fix the matter up with him satisfactorily in a money way, or, if you think best, we'll let him into the secret and take him along."

"Would that be safe?" inquired Tyke dubiously.

"Absolutely," affirmed the captain. "He's a man of honor, and if he promised to keep our secret, wild horses couldn't drag it from him. I'd trust him as I would myself. Maybe he'd like to come along with us. He's too rich to care anything about the doubloons, but he's romantic, and he might like the fun of hunting for it."

"Well," said Tyke, "we'll have to leave that matter to you to settle as you think best. Any one you vouch for will be good enough for me."

"And now," said Captain Hamilton, "there's one thing more that we haven't touched on yet. I suppose we understand, Tyke, that you and I put up the expenses of this expedition, fifty-fifty?"

"Sure thing," agreed Tyke.

"And if nothing comes of it, we simply charge it up to profit and loss——'