"Legitimate tradin', boys," he said, "is a nice, sane, healthy business, but the profits is slow. What we want is quick profits, and while it ain't set down in black and white, one of the principal objects of this syndicate is to lead a life of wild adventure. In tradin', there ain't no adventure to speak of. We ought to do a little blackbirdin', or raid some of those Jap pearl fisheries off the northern coast of Formosa."

"But we'll be chased by real gunboats if we do that," objected Captain Scraggs. "Those Jap gunboats shoot to kill. Can't you think of somethin' else, Gib?"

"Well," said Mr. Gibney, "for a starter, I can. Suppose we just head straight for Kandavu Island in the Fijis, and scheme around for a cargo of black coral? It's only worth about fifty dollars a pound. Kandavu lays somewhere in latitude 22 south, longitude 178 west, and when I was there last it was fair reekin' with cannibal savages. But there's tons of black coral there, and nobody's ever been able to sneak in and get away with it. Every time a boat used to land at Kandavu, the native niggers would have a white-man stew down on the beach, and it's got so that skippers give the island a wide berth."

"Gib, my dear boy," chattered Captain Scraggs, "I'm a man of peace and I—I——"

"Scraggsy, old stick-in-the-mud," said Mr. Gibney, laying an affectionate hand on the skipper's shoulder, "you're nothin' of the sort. You're a fightin' tarantula, and nobody knows it better'n Adelbert P. Gibney. I've seen you in action, Scraggsy. Remember that. It's all right for you to say you're a man of peace and advise me and McGuffey to keep out of the track of trouble, but we know that away down low you're goin' around lookin' for blood, and that once you're up agin the enemy, you never bat an eyelash. Eh, McGuffey?"

McGuffey nodded; whereupon, Captain Scraggs, making but a poor effort to conceal the pleasure which Mr. Gibney's rude compliment afforded him, turned to the rail, glanced seaward, and started to walk away to attend to some trifling detail connected with the boat falls.

"All right, Gib, my lad," he said, affecting to resign himself to the inevitable, "have it your own way. You're a commodore and I'm only a plain captain, but I'll follow wherever you lead. I'll go as far as the next man and we'll glom that black coral if we have to slaughter every man, woman, and child on the island. Only, when we're sizzlin' in a pot don't you up and say I never warned you, because I did. How d'ye propose intimidatin' the natives, Gib?"

"Scraggsy," said the commodore solemnly, "we've waged a private war agin a friendly nation, licked 'em, and helped ourselves to their ship. We've changed her name and rig and her official number and letters and we're sailin' under bogus papers. That makes us pirates, and that old Maggie burgee floatin' at the fore ain't nothin' more nor less than the Jolly Roger. All right! Let's be pirates. Who cares? When we slip into M'galao harbour we'll invite the king and his head men aboard for dinner. We'll get 'em drunk, clap 'em in double irons, and surrender 'em to their weepin' subjects when they've filled the hold of the Maggie II with black coral. If they refuse to come aboard we'll shell the bush with that long gun and the Maxim rapid-fire guns we've got below decks. That'll scare 'em so they'll leave us alone and we can help ourselves to the coral."

Scraggs's cold blue eyes glistened. "Lord, Gib," he murmured, "you've got a head."

"Like playin' post-office," was McGuffey's comment.