"As I expected," said Darrow quietly.

The little craft opened out; it disintegrated. All that radiance dissolved and with its going the substance upon which it shaped itself vanished. The last glow showed a formless pulp, spreading upon the water.

"So passed the Laughing Lass," said Darrow solemnly.

"And the chest is at the bottom of the sea," said Barnett.

"Good place for it," muttered Trendon.

"In all probability it closed as the ship dissolved around it," said Darrow. "Otherwise we should see the effects in the water."

"It might be recovered," cried Slade, excitedly.

"Could you chart it, Darrow? Think of the possibilities--"

"Let it lie," said the captain. "Has it not cost enough? Let it lie."

The water in the tub fumed and sparkled faintly and was still. Darkness fell, except where Darrow's cigarette point glowed and faded.