“You are familiar with certain Episodes in my Early Life, spent under the Jolly Roger on the Spanish Main, and you have maintained Silence—for which I shall always be your debtor. You have, moreover, always been my Friend, and for that, I am more than your debtor. It is, therefore, but Mete that you should be my Heir—and I have this day Executed my last Will and Testament, bequeathing to you all my Property and effects. It is left with Mr. Dulany, the Attorney, who wrote it, to be probated in due Season.

“But there still remains a goodly portion which, for obvious reasons, may not be so disposed of. I mean my buried Treasure. I buried it in September, 1720, shortly after I came to Annapolis, trusting not to keep so great an Amount in my House. It amounts to about half my Fortune, and Approximates near to Fifty Thousand Pounds, though that may be but a crude Estimate at best, for I am not skilled in the judging of Precious Stones. Where I obtained this wealth, I need not mention, though you can likely guess. And as there is nothing by which it can be identified, you can use it without 64 Hesitation. Subject, however, to one Restriction: As it was not honestly come by (according to the World’s estimate, because, forsooth, I only risked my Life in the gathering, instead of pilfering it from my Fellow man in Business, which is the accepted fashion) I ask you not to use it except in an Extremity of Need. If that need does not arise in your Life, you, in turn, may pass this letter on to your heir, and he, in turn, to his heir, and so on, until such Time as the Need may come, and the Restriction be lifted. And now to find the Treasure:—

“Seven hundred and fifty feet—and at right angles to the water line—from the extreme tip of Greenberry Point, below Annapolis, where the Severn runs into the Chesapeake, are four large Beech trees, standing as of the corners of a Square, though not equidistant. Bisect this Square, by two lines drawn from the Corners. At a Point three hundred and thirty feet, North-by-North-East, from where these two lines intersect and at a depth of Six feet, you will come upon an Iron Box. It contains the Treasure. And I wish you (or whoever recovers it) Joy of it!—as much joy with it as I had in the Gathering.

“Lest I die before you come again to Annapolis, I shall leave this letter with Mr. Dulany, to be delivered to you on the First Occasion. I judge him as one who will respect a Dead man’s seal. If 65 I see you not again, Farewell. I am, sir, with great respect,

“Y’r humb’l & obed’t Serv’nt

“Robert Parmenter.

“To Marmaduke Duval, Esq’r.”

Below was written, by another hand:

“The Extremity of Need has not arisen, I pass it on to my son.

“M.D.”