She was built of oak. The bluff bows and high-pitched forecastle and poop dated her as a product of the early seventeenth century. No trace of a name was discernible, but the bulwarks had been torn off. The absence of an elaborate figurehead was significant. She was a strongly constructed, but not highly finished little ship.

As to her history or nationality, the only reliable tokens were the swords, which were Spanish, with Toledo blades. The copper cooking-pots were Mexican. In a word, she was ostensibly a trader, and Maseden believed that the iron-clamped box containing the treasure had been hidden beneath the floor of the cabin, because the planks were broken where the heavy package had apparently fallen through.

One thing was certain. The similarity of the six flagons, the two dishes and the four animal figures showed that they came from an Aztec teocalli, or temple, of great wealth and importance. It was highly improbable that any town on the west coast of Mexico contained any such fame. If, therefore, they had been looted from the interior of the country, a reasonable assumption was that some band of Spanish adventurers, finding the way hopelessly blocked to the east, fought their way westward, and actually built the vessel which should convey them to far-off Cadiz.

It was a strange hap that laid bare their plunder to the eyes of four descendants of the race which was destined to sweep them and their barbarous methods off the high seas.

After a day of hard work and many thrills, Maseden was moved to accept the discovery as a good omen.

“I had in my mind to suggest that we should renew our voyage by to-morrow’s first tide,” he said, as they sat near the camp-fire after the evening meal. “Just as the Romans consulted the oracle before starting on any great undertaking, so have we been given a happy augury by having thrust into our hands, so to speak, a notable treasure. Friends, I propose that we accept the decision of the gods, and weigh anchor in the morning.”

For no assignable reason, the suddenness of this resolve seemed to startle the others.

“Have you made up your mind, then, that the channel is practicable?” inquired Sturgess after a marked pause.

“The only channel we know is practicable,” said Maseden.

“Do you mean that we should return the way we came?” put in Nina in an awed tone.