“Full of gold, I’ll warrant it!” cried Wolfert, clasping his hands with rapture.

Scarcely had he uttered the words when a sound from overhead caught his ear. He cast up his eyes, and lo! by the expiring light of the fire he beheld, just over the disk of the rock, what appeared to be the grim visage of the drowned buccaneer, grinning hideously down upon him.

Wolfert gave a loud cry and let fall the lanthorn. His panic communicated itself to his companions. The negro leaped out of the hole, the doctor dropped his book and basket and began to pray in German. All was horror and confusion. The fire was scattered about, the lanthorn extinguished. In their hurry-skurry they ran against and confounded one another. They fancied a legion of hobgoblins let loose upon them, and that they saw by the fitful gleams of the scattered embers, strange figures in red caps gibbering and ramping around them. The doctor ran one way, Mud Sam another, and Wolfert made for the water side. As he plunged struggling onwards through bush and brake, he heard the tread of some one in pursuit.

He scrambled frantically forward. The footsteps gained upon him. He felt himself grasped by his cloak, when suddenly his pursuer was attacked in turn: a fierce fight and struggle ensued—a pistol was discharged that lit up rock and bush for a period, and showed two figures grappling together—all was then darker than ever. The contest continued—the combatants clenched each other, and panted and groaned, and rolled among the rocks. There was snarling and growling as of a cur, mingled with curses in which Wolfert fancied he could recognize the voice of the buccaneer. He would fain have fled, but he was on the brink of a precipice and could go no farther.

Again the parties were on their feet; again there was a tugging and struggling, as if strength alone could decide the combat, until one was precipitated from the brow of the cliff and sent headlong into the deep stream that whirled below. Wolfert heard the plunge, and a kind of strangling bubbling murmur, but the darkness of the night hid every thing from view, and the swiftness of the current swept every thing instantly out of hearing. One of the combatants was disposed of, but whether friend or foe Wolfert could not tell, nor whether they might not both be foes. He heard the survivor approach and his terror revived. He saw, where the profile of the rocks rose against the horizon, a human form advancing. He could not be mistaken: it must be the buccaneer. Whither should he fly! a precipice was on one side; a murderer on the other. The enemy approached: he was close at hand. Wolfert attempted to let himself down the face of the cliff. His cloak caught in a thorn that grew on the edge. He was jerked from off his feet and held dangling in the air, half choaked by the string with which his careful wife had fastened the garment round his neck. Wolfert thought his last moment had arrived; already had he committed his soul to St. Nicholas, when the string broke and he tumbled down the bank, bumping from rock to rock and bush to bush, and leaving the red cloak fluttering like a bloody banner in the air.

It was a long while before Wolfert came to himself. When he opened his eyes the ruddy streaks of the morning were already shooting up the sky. He found himself lying in the bottom of a boat, grievously battered. He attempted to sit up but was too sore and stiff to move. A voice requested him in friendly accents to lie still. He turned his eyes toward the speaker: it was Dirk Waldron. He had dogged the party, at the earnest request of Dame Webber and her daughter, who, with the laudable curiosity of their sex, had pried into the secret consultations of Wolfert and the doctor. Dirk had been completely distanced in following the light skiff of the fisherman, and had just come in time to rescue the poor money-digger from his pursuer.

Thus ended this perilous enterprise. The doctor and Mud Sam severally found their way back to the Manhattoes, each having some dreadful tale of peril to relate. As to poor Wolfert, instead of returning in triumph, laden with bags of gold, he was borne home on a shutter, followed by a rabble route of curious urchins. His wife and daughter saw the dismal pageant from a distance, and alarmed the neighborhood with their cries: they thought the poor man had suddenly settled the great debt of nature in one of his wayward moods. Finding him, however, still living, they had him conveyed speedily to bed, and a jury of old matrons of the neighborhood assembled to determine how he should be doctored. The whole town was in a buzz with the story of the money-diggers. Many repaired to the scene of the previous night’s adventures: but though they found the very place of the digging, they discovered nothing that compensated for their trouble. Some say they found the fragments of an oaken chest and an iron pot lid, which savored strongly of hidden money; and that in the old family vault there were traces of holes and boxes, but this is all very dubious.

In fact, the secret of all this story has never to this day been discovered: whether any treasure was ever actually buried at that place, whether, if so, it was carried off at night by those who had buried it; or whether it still remains there under the guardianship of gnomes and spirits until it shall be properly sought for, is all matter of conjecture. For my part I incline to the latter opinion; and make no doubt that great sums lie buried, both there and in many other parts of this island and its neighborhood, ever since the times of the buccaneers and the Dutch colonists; and I would earnestly recommend the search after them to such of my fellow citizens as are not engaged in any other speculations.

There were many conjectures formed, also, as to who and what was the strange man of the seas who had domineered over the little fraternity at Corlears Hook for a time; disappeared so strangely, and reappeared so fearfully. Some supposed him a smuggler stationed at that place to assist his comrades in landing their goods among the rocky coves of the island. Others that he was a buccaneer; one of the ancient comrades either of Kidd or Bradish, returned to convey away treasures formerly hidden in the vicinity. The only circumstance that throws any thing like a vague light over this mysterious matter is a report that prevailed of a strange foreign-built shallop, with the look of a piccaroon, having been seen hovering about the Sound for several days without landing or reporting herself, though boats were seen going to and from her at night: and that she was seen standing out of the mouth of the harbor, in the gray of the dawn after the catastrophe of the money-diggers.

I must not omit to mention another report, also, which I confess is rather apocryphal, of the buccaneer, who was supposed to have been drowned, being seen before daybreak, with a lanthorn in his hand, seated astride his great sea-chest and sailing through Hell Gate, which just then began to roar and bellow with redoubled fury.