"Sure. But the big point that sticks out like a sore thumb is that Bucks didn't fool Evans and Quinn, but us. The treasure's gone. That's a rock-bottom fact," Yeager commented.

"I'm not so sure about that," I reflected aloud. "Look here. If Bucks dug the gold up he had to rebury it somewhere. He had no way of taking the doubloons with him. He couldn't have hauled the other boxes far. Therefore, it follows that he buried them close to where he found them. The one thing we don't know is whether he came back later and got the treasure. I'll bet he didn't. The man was a common sailor and had no means."

"Even if we give you the benefit of every doubt, the treasure is hidden. We don't know where. In a year we might not find it."

"True enough, Sam. And we might stumble on it to-morrow. Look at the facts. He was alone, probably superstitious, certainly in fear lest Bully Evans might return and find him there. More than that, he had no provisions. To get away and reach the Indians to get food would be his main thought. It was a case of life and death with him. So you can bet he chose easy digging when he transferred the treasure. That means he buried it in the sand not far from where he found it."

"You have it figured out beautifully," Sam laughed. "Well, I wish you luck."

"But you don't expect any for me. Just you wait and see."

We called the crew in and showed them what we had found, explaining the facts and our deductions from them. For we thought it better they should know just how matters stood. Their disappointment was keen, but to a man they were eager to search further.

Hitherto we had staked our chances for success upon the map, but it was now manifest that the chart was no longer of any use. I decided first to take a look along the shore from the point where we had discovered the first box.

Fortune is a fickle jade. We had spent a week here and met only disappointment, working on careful calculations made from the directions left by Quinn. By chance Gallagher had hit on the first cache. By chance I hit on the second.

Fighting my way through the jungle just adjacent to the beach I stumbled over what I took to be a root. In some annoyance I glanced hastily at the projection—and then looked again. My foot had been caught by a bone sticking out of the ground. The odd thing was that it looked like a human bone.