“Not I, by the saints!” Barbados swore. “And do you keep away from me while the thing is in your possession. If misfortune comes to the ship or the company because of the goblet, then will you go overside first of all! And with a weight around your neck!”

The man scurried away along the deck, and Barbados, his courage returning, whirled around and issued a volley of commands. From the darkness Señor Zorro hurled another small bolt, and for the third time the bell sent forth its ringing message.

Barbados whirled around again, his face suddenly white. He was within six paces of the bell, and he knew that no other man was nearer it than that. He felt the eyes of the terror-stricken crew upon him, and knew that he must show courage now, else lose his control over his men.

“Some one is playing a trick,” Barbados said. “And when I find the hound of hell who is doing it, I feed him to the sharks in two sections!”

He called two of the men, bade them get torches, and stationed them near the bell with orders to watch it closely. They shivered, but they obeyed. Thoughts of a ghost were terrible enough, but Barbados was there in the flesh, and his cutlass was ready in his hand.

But the bell did not ring again. Señor Zorro had accomplished his purpose, which was to make the crew nervous, and he was through playing in that direction. He slipped on along the rail, now and then peering over. After a time he picked up a line, fastened it to the rail and tossed the other end overboard, tried it with the weight of his body, made a loop in it, and slipped one leg through the loop.

Over the rail and down the side he went, slowly and carefully, the sword of Zorro in its scabbard at his side. And presently he came to a porthole, through which light streamed. He swung around, grasped the edge of it.

The Señorita Lolita, looking up suddenly, almost shrieked in sudden alarm. But the next instant she was off the bunk and across the tiny cabin, and her face was within a foot of his.

“Zorro!” she said. “You are doing a reckless thing—”

“Would I allow a few score mere pirates to keep us apart?” he asked. “Am I that sort of caballero?”