"Then our canoe is not what he's after?" murmured Jack.

"'Tis some queer game. Were he hunting us, he'd fetch along more hands than them two. Hush! Let him pass."

The little boat came steadily on, the tide helping the oars. It sat very low in the water, oddly so for the weight of three men. Blackbeard, hunched in the stern, held a pistol in one hand while the other gripped the tiller. This was not in fear of danger from the shore because he kept his eyes on the two seamen at the oars and it was plain to see that the pistol was meant to menace them.

The boat passed abreast of the pirogue so artfully concealed in the pocket of a tiny cove. The intervening distance was no more than a dozen yards. Old Trimble Rogers wistfully fingered the musket and lifted it to squint along the barrel. Never was temptation more sturdily resisted. Then his face, hard as iron and puckered like dried leather, broke into a smile. The idea pleased him immensely. They would follow Blackbeard and watch the chance to take him alive. He who had trapped his own men in camp was now neatly trapped himself, his retreat cut off. Tie a couple of fathom of stout cord to his whiskers and tow him along by land, all the way to Stede Bonnet's ship. There the worthy captain could bargain with him at his own terms, silently chuckled the old buccaneer.

They held their breath and gazed at the fantastic scoundrel who had made himself the ogre among pirates. He had discarded the great hat as cumbersome and his tousled head was bound around with a wide strip of the red calico from India. Still and solid he sat, like a heathen idol, staring in front of him and intent on his mysterious errand. The unseen spectators in the pirogue scanned also the two seamen at the oars and felt a vague pity for them. Unmistakably they were sick with fear. It was conveyed by their dejected aspect, by the tinge of pallor, by the fixity with which they regarded the cocked pistol in Blackbeard's fist. Jack Cockrell knew them as abandoned villains who had boasted of many a bloody deed but the swarthy, pockmarked fellow had been in the boat which had saved the two lads from the drifting raft. This was enough to awaken a lively sympathy.

Trimble Rogers gripped Jack's shoulder with a strength which made him wince and pointed a skinny finger at the boat. The fate of the two seamen did not trouble him greatly. Those who lived by violence should rightly expect to die by it. The sea was their gaming table and it was their ill luck if the dice were cogged. Just then Bill Saxby stifled an ejaculation. He, too, had discovered the freightage in the cock-boat, the heavy burden which made it swim so low.

It rested in front of Blackbeard's knees, the top showing above the curve of the gunwales. It was a sea-chest, uncommonly large, built of some dark tropical wood and strapped with iron. Old Trimble Rogers' fierce eyes glittered and he licked his lips. He leaned over to whisper in Bill Saxby's ear the one word:

"Treasure!"