For of all the inexplicable things in the story of the Flying Scud, here was the most inexplicable. Out of the six thousand mats, only twenty were found to have been sugared; in each we found the same amount, about twelve pounds of drug; making a grand total of two hundred and forty pounds. By the last San Francisco quotation, opium was selling for a fraction over twenty dollars a pound; but it had been known not long before to bring as much as forty in Honolulu, where it was contraband.

Taking, then, this high Honolulu figure, the value of the opium on board the Flying Scud fell considerably short of ten thousand dollars, while at the San Francisco rate it lacked a trifle of five thousand. And fifty thousand was the price that Jim and I had paid for it. And Bellairs had been eager to go higher! There is no language to express the stupor with which I contemplated this result.

It may be argued we were not yet sure: there might be yet another cache; and you may be certain in that hour of my distress the argument was not forgotten. There was never a ship more ardently perquested; no stone was left unturned, and no expedient untried; day after day of growing despair, we punched and dug in the brig’s vitals, exciting the men with promises and presents; evening after evening Nares and I sat face to face in the narrow cabin, racking our minds for some neglected possibility of search. I could stake my salvation on the certainty of the result: in all that ship there was nothing left of value but the timber and the copper nails. So that our case was lamentably plain; we had paid fifty thousand dollars, borne the charges of the schooner, and paid fancy interest on money; and if things went well with us, we might realise fifteen per cent, of the first outlay. We were not merely bankrupt, we were comic bankrupts—a fair butt for jeering in the streets. I hope I bore the blow with a good countenance; indeed, my mind had long been quite made up, and since the day we found the opium I had known the result. But the thought of Jim and Mamie ached in me like a physical pain, and I shrank from speech and companionship.

I was in this frame of mind when the captain proposed that we should land upon the island. I saw he had something to say, and only feared it might be consolation, for I could just bear my grief, not bungling sympathy; and yet I had no choice but to accede to his proposal.

We walked a while along the beach in silence. The sun overhead reverberated rays of heat; the staring sand, the glaring lagoon, tortured our eyes; and the birds and the boom of the far-away breakers made a savage symphony.

“I don’t require to tell you the game’s up?” Nares asked.

“No,” said I.

“I was thinking of getting to sea to-morrow,” he pursued.

“The best thing you can do,” said I.

“Shall we say Honolulu?” he inquired.