“But,” exclaimed Frank, in sheer amazement, “what on earth impelled you all to leave the ship?”

“Gold, sir.”

“Gold?”

“Yes, sir; Captain Ward thought you were down here after a great treasure, sir, and wanted to claim a share.”

This was a revelation to Frank, and the others, too.

For a moment he was speechless.

“Well,” he said, finally, “that is the worst fool’s trick I ever heard of. You say he left the ship to the mercy of the ice?”

“Yes, sir.”

“And he went down into the valley?”

“Yes, sir; all went down there except me and my three friends here; we stayed back.”