"Gone?" they echoed blankly.

"You know something about this!" cried Red-whiskers, facing Ross furiously.

"What're you givin' us?" retorted Ross menacingly. "If you think you can throw any such bluff as that, John, and make it stick, you've got another guess coming. You've taken the satchel yourself! You never intended to whack up with Kinky and me, and this is a move to corral all the money."

"Don't be a fool!" snapped Red-whiskers, studying Ross' face for a moment, and then swerving his eyes to Kinky.

The affair had a dark look, for a space, as both Kinky and Ross had reached their hands under their coats. If the three scoundrels had a quarrel among themselves, Matt felt that he would have a chance of escape. His eager eyes traveled to the doors, and then to the window.

"Look here, you two," went on Red-whiskers, his eyes glittering fiendishly, "the satchel's gone. I'll take back what I said about you two having had anything to do with trying to lift it. Certainly I didn't—you ought to know that. We've all been in this room——"

"Except when we ran aft to ketch that fellow," fumed Ross, indicating Matt with a jerk of the head. "You was in here alone with the satchel then, John. How do we know you didn't hide it on us?"

"Mebby it was him!" stormed Kinky, stepping toward Matt.

"How could it have been him?" objected Ross. "He was under the floor, and we kept him busy every minute until he bobbed up through the after hatch."

"Then it was Landers!" cried Kinky. "I never did like that feller's looks. I'll bet it was Landers! If——"