As said, the serenity of these fond hopes was now rudely blasted. Dave, rushing up on deck quite pale and agitated, had made the announcement that brought Bob to his feet with a shock.

They were two sturdy boys. The flavor of the briny deep was manifest in their bronzed faces, their attire, their clear bright eyes, and sinewy muscles. They had known hardship and peril such as make men resolute and brave. Although Dave was deeply distressed, determination rather than despair was indicated in the way in which he took the bad, bad news now being conveyed with lightning speed, mostly with depressing effect, all through the ship.

Bob Vilett steadied himself against a capstan and stared in silence at his chum. Dave's hand grasped the bow rail with an iron grip, as if thereby seeking to relieve his tense feelings. His eyes were directed away from Bob, away from the ship, fixedly, almost sternly, scanning the ocean stretch that spread almost inimitably towards the west. It seemed as if mentally he was going back over the long course they had just pursued, never dreaming that they were carrying a ballast of worthless old junk instead of the royal fortune on which they had fondly counted.

"Well, all I've got to say," observed Bob at length, with a great sigh, "is that it's pretty tough."

"I fancy," responded Dave, in a set, thoughtful way, "it's a case of three times and out. We fished it up--one. We've lost it--two. We must find it again--three. That's all."

"You're dreaming!" vociferated Bob. "Say, Dave Fearless, you're a genius and a worker, but if you mean that there is the least hope in the world in going back over a course of over a thousand miles hunting up men with a two weeks' start of us--desperate men, too--scouring a trackless ocean for fellows who have to hide, and know how to do it, why, it's--bosh!"

"Bob Vilett," said Dave, with set lip and unflinching eye, "we are only boys, but we have tried to act like men, and Captain Broadbeam respects us for it. We have his confidence. He is old, not much of a thinker, but brave as a lion and ready for any honest, logical suggestion. Here's a dilemma, a big one. You and I--young, quick, ardent--we must think for him. We have been robbed. We must catch the thieves. We must recover that treasure. Where's the best and surest, and the quickest way to do it? Put on your thinking-cap, Bob, and try and do some of the hardest brain work of your life."

"Hold on--where are you going?" demanded Bob, as his chum went away over into a remote corner of the bow and sat down on an isolated water barrel.

But Dave only waved his hand peremptorily, almost irritably, at Bob. His chum knew that it would be useless to renew the conversation just now. He had seen Dave in just such a mood on other occasions--it was when affairs were going wrong and needed straightening out.

"All right," murmured Bob resignedly, moving over to where some glum-faced sailors were discussing the disappointment of the hour in a group. "It won't hurt any of us to have Dave Fearless do some of that tall thinking of his. Oh, dear! All that money gone. And after all we went through to get it!"