The voices that had come to us across the water still sounded, but more faintly than before I had come on board. Evidently they were from below.

Probably the speakers were in a cabin with the porthole open. I could not be sure, but it struck me that one of them was a woman. My impression was that she pleaded and that he threatened, for occasionally the heavier voice was raised impatiently.

From its scabbard I drew my revolver and crept forward in the shadow of the bulwarks. My life hung on a hair; so too did that of the watchman drowsing by the mast. If he looked up and turned I was lost, and so was he.

Foot by foot I stole toward the forecastle ladder, reached it, and noiselessly passed down the stairs.

I say noiselessly, yet I could hear my heart beat against my ribs as I descended. For I knew now that the voices which came from behind the closed door of the cabin to my right belonged to my sweetheart and to Boris Bothwell.

"Not I, but you," he was saying. "I'm hanged if I take the responsibility. If you had trusted me we might have lifted the gold without the loss of a drop of blood."

"You are so worthy of trust!" Evelyn's voice answered with bitterness.

"Have you ever known me to break my word? But let that pass. You chose to reject my love and invite that meddler Sedgwick into our affairs. What is the result? What have you gained?"

"A knowledge of the difference between the love of a true man and that of a false one," she answered quietly.

"A true man! Oh, call him a fool and be done with it."