He seemed delighted to see us.

'Avast, my hearties!' he cried. 'It’s glorious sailing weather, but I’ve just been lying at anchor here, on the chance of sighting you. It does my heart good, y' see, to talk with some of my own kind, and leave off pretending to be an archæologist—to stretch my mental legs, as it were. Well—have you taken your bearings this morning?'

'Captain Pegg,' I broke out with my heart tripping against my blouse, 'you said something the other day about buried treasure. Did you really find some? And would you mind telling us how you set about it?'

'Yes,' he replied meditatively, 'many a sack of treasure trove I’ve unearthed. But the most curious find of all, I got without searching and without blood being spilt. I was lying quiet those days, about forty years ago, off the north of the Orkney Islands. Well, one morning I took a fancy to explore some of the outlying rocks and little islands dotted here and there. So I started off in a yawl with four seamen to row me; and not seeing much but barren rocks and stunted shrubs about, I bent over the stern and stared into the sea. It was as clear as crystal.

'As we were passing through a narrow channel between two rocky islands, I bade the men rest on their oars, for something strange below had arrested my attention. I now could see plainly, in the green depths, a Spanish galleon, standing upright, held as in a vice by the grip of the two great rocks. She must have gone down with all hands, when the greater part of the Spanish Armada was wrecked on the shores of Britain.

"'Shiver my timbers, lads!" I cried, "here 'll be treasure in earnest! Back to the ship for our diving-suits! Booty for every one, and plum duff for dinner!"

'Well, to make a long story short, I and four of the trustiest of the crew put on our diving-suits, and soon we were walking the slippery decks once trodden by Spanish grandees and soldiers, and the scene of many a bloody fight, I’ll be bound. Their skeletons lay about the deck, wrapped in sea-tangle, and from every crevice of the galleon tall red and green and yellow and purple weeds had sprung, that waved and shivered with the motion of the sea. Her decks were strewn with shells and sand, and in and out of her rotted ribs frightened fish darted at our approach. It was a gruesome sight.

'Three weeks we worked, carrying the treasure to our own ship, and I began to feel as much at home under water as above it. At last we set sail without mishap, and every man on board had his share, and some of them gave up pirating and settled down as innkeepers and tradesmen.'

As the sound of his deep voice ceased, we three were silent also, gazing longingly into his eyes, that were so like the sea.

Then—'Captain Pegg,' said Angel, in a still small voice, 'I don’t—s’pose—you’d know of any hidden treasure hereabouts? We’d most awfully like to find some. It’d be a jolly thing to write and tell father!'