"Now," said the "King," "do you see a sort of river there, overgrown with mangroves and palmettos?"

"Yes," I answered, "almost—though it's so choked up it's almost impossible to say."

"Well," said the "King," "that's the idea; you haven't forgotten those old ruins we are going to explore. You remember how choked up they are. Well, this was the covered water-way, the secret creek, by which the pirates—John Teach, or whoever it was, perhaps John P. Tobias himself—used to land their loot. It's so overgrown nowadays that no one can find the entrance but myself and a friend or two; do you understand?"

We walked a little farther, and then at length came to the bank of the creek the "King" had indicated. This we followed for half a mile or so, till we met the fresh murmur of the sea.

"We needn't go any farther," said the "King." "It's the same all the way along to the mouth—all over-grown as you see, all the way, right out to the 'white water' as they call it—which is four miles of shoal sand that is seldom deeper than two fathoms, and which a nor'easter is liable to blow dry for a week on end. Naturally it's a hard place to find, and a hard place to get off!—and only two or three persons besides Sweeney—all of them our friends—know the way in. Tobias may know of it; but to know it is one thing, to find it is another matter. I could hardly be sure of it myself—if I were standing in from the sea, with nothing but the long palmetto-fringed coast-line to go by.

"Now, you see it? I brought you here, because words—"

"Even yours, dear 'King,'" I laughed.

"—could not explain what I suggest for us to do. You are interested in Tobias. Tobias is interested in you. I am interested in you both. And Calypso and I have a treasure to guard."

"I have still a treasure to seek," I said, half to myself.

"Good enough," said the "King." "Now, to be practical. We can assume that Tobias is on the watch. I don't mean that he's around here just now, for, before we left, I spoke to Samson and Erebus and they will pass the word to four men blacker than themselves; therefore we can assume that this square mile or so is for the moment 'to ourselves.' But beyond our fence you may rely that Tobias and his myrmidons—is that the word?" he asked with a concession to his natural foolishness—"are there."