"As full laden as ever ship could be," he answered.

"And wilt thou leave her there, where she is, to drift at random on the wide sea, to rot upon the water, and to go down at last to bestow her treasure upon the mermaids? I pray thee, let us go back to her, that we may bring away with us some of the gold whereof thou hast spoken."

"What!" cried Hartop, fixing his glassy eyes in astonishment upon the bold lad.

"'Tis daylight now," pursued Tim. "Mark how the coming sunlight spreads across the sky. Mark how its bright reflection gleams upon your galleon's golden hull. Why need we fear to approach her, ay, or even to board her, in the broad light of day?"

Hartop shook his head in grave rebuke.

"Thou'rt over bold, Master Timothy," said he. "The ship were a wealthy prize, I will allow. But I would have thee know that 'twas not to ransack drifting derelicts that we came out upon this voyage, but in quest of King Philip's plate fleet. Having failed to discover the fleet in our allotted time, we shall now return to Queen Elizabeth's ships at Flores and inform Her Majesty's admiral of the result of our quest. As for the golden galleon, let her rot, let her sink, say I. Let her treasures go down to the mermaids' halls, that the precious gems may bedeck the mermaids' necks withal. It will not be the first ship-load of Spanish doubloons that hath gone unto the depths for the children of the ocean to play with. And I say to you, were the galleon thrice her size, with thrice her present wealth aboard of her, I would not turn back a fathom's distance with the thought of entering her. And now," he added, "I pray you, just hitch me up another inch or two of the peak halliard there, while Gilbert doth set about preparing our breakfast."

And so they sailed back to Flores.


CHAPTER XVII.

SIR RICHARD GRENVILLE.