“You may do as you please in regard to Tommy,” said Guy, “but as for me, I have a good salary, and won’t touch a guinea of it.”

“Well, well,” said Bax, with a sad smile, “this is neither the time nor place to talk of such matters. It is time to give notice of the old man’s death.”

Saying this, he returned the gold to its former place, locked the hide, and replaced the board. As he was doing this, a peculiar cut in the beam over his head caught his eye.

“I do believe here is another hide,” said he. “Hand the axe again.”

A piece of wood was soon forced out of the side of the beam next the wall, and it was discovered that the beam itself was hollow. Nothing was found in it, however, except a crumpled piece of paper.

“See here, there is writing on this,” said Guy, picking up the paper which Bax flung down. “It is a crabbed hand, but I think I can make it out:— ‘Dear Bogue, you will find the tubs down Pegwell Bay, with the sinkers on ’em; the rest of the swag in Fiddler’s Cave.’”

“Humph! an old smuggler’s letter,” said Bax. “Mayhap the tubs and swag are there yet!”

We may remark here, that, long after the events now related, Bax and Guy remembered this note and visited the spots mentioned out of curiosity, but neither “tubs” nor “swag” were found!

Quitting the room with heavy hearts, the two friends locked the door, and went in search of those who are wont to perform the last offices to the dead.