Morgan's treasure was real enough. The buccaneers were bearing it back to the waiting ships, and in value it exceeded all that Easterling had represented. But it was being dearly bought — most dearly by Pike's contingent, whence the bitterness investing Cunley's tale. Going and coming they had been harassed by Spaniards and once by a party of hostile Indians. Further, they had been reduced by fever and sickness on that difficult march through a miasmic country where mosquitoes had almost eaten them alive. Of the three hundred and fifty men who had left the ships, Cunley computed that after the last engagement, in which he had been wounded, not more than two hundred remained alive. But the ugly fact was that not more than twenty of these men were Pike's. Yet Pike had brought ashore by Easterling's orders the heaviest of the three contingents, landing a hundred and thirty men, and leaving a bare score to guard the Valiant, whilst fifty men at least had been left on each of the other ships.

Easterling had so contrived that Pike's contingent was ever in the van, so that it had borne the brunt of every attack the buccaneers had suffered. It was not to be supposed that Pike had submitted to this without remonstrances. Protests had grown increasingly bitter as the ill continued. But Easterling, backed by his earlier associate, Roger Galloway, who commanded the Hermes, had browbeaten Pike into submission, whilst the ruffianly followers of those two captains, by preponderance of numbers remaining at comparatively full strength, had easily imposed their will upon the dwindling force of the Valiant. If all her present survivors got back to the ship, the Valiant could now muster a crew of barely forty hands, whilst the other two combined a strength of nearly three hundred men.

«Ye see, Captain,» Cunley concluded grimly, «how this Easterling has used us. As the monkey used the cat. And now him and Galloway — them two black–hearted bastards — is in such strength that Crosby Pike dursn't say a word o' protest. It was a black day for all of us, Captain, when the Valiant left your fleet to join that blackguard Easterling's, treasure or no treasure.»

«Treasure or no treasure,» Captain Blood repeated. «And I'm thinking that for Captain Pike no treasure it will prove.»

He rose from his chair by the sick man's bed, tall, graceful and vigorous in his black small clothes, silver–broidered waistcoat and full white cambric sleeves. His coat of black and silver he had discarded before commencing his surgical ministrations. He waved away the white–clad negro who attended with bowl and lint and forceps, and, alone with Cunley, he paced to the wardroom ports and back. His long supple fingers toyed thoughtfully with the curls of his black periwig; his eyes, blue as sapphires, were now as hard.

«I thought that Pike would prove a minnow in the jaws of Easterling. It but remains for Easterling to swallow him, and faith, it's what he'll be doing.»

«Ye've said it, Captain. It's plaguey little o' that treasure me and my mates o' the Valiant or Captain Pike himself 'll ever see. The thirty that's left of us 'll be lucky if they gets away alive. That's my faith, Captain.»

«And mine, bedad,» said Captain Blood. But his mouth was grim.

«Can ye do nothing for the honour of the Brethren of the Coast and for the sake o' justice, Captain?»

«It's thinking of it, I am. If the fleet were with me I'd sail in this minute and take a hand. But with just this one ship…» He broke off and shrugged. «The odds are a trifle heavy. But I'll watch, and I'll consider.»