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His father’s associate, with the reverend gray of hair thatching his roof of crooked brain, shook the thatch.

“Why,” he amplified, “it may be just a flurry, or it may be a hunch on the stock public that it’s really good. What do you say?”

“Of course it’s good,” was Francis’ warm response. “I’ve got reports, Regan, so good they’d make your hair stand up. As I tell all my friends, this is the real legitimate. It’s a damned shame I had to let the public in on it. It was so big, I just had to. Even all the money my father left me, couldn’t swing it—I mean, free money, not the stuff tied up—money to work with.”

“Are you short?” the older man queried.

“Oh, I’ve got a tidy bit to operate with,” was the airy reply of youth.

“You mean...?”

“Sure. Just that. If she drops, I’ll buy. It’s finding money.”

“Just about how far would you buy?” was the next searching interrogation, masked by an expression of mingled good humor and approbation.

“All I’ve got,” came Francis Morgan’s prompt answer. “I tell you, Regan, it’s immense.”

“I haven’t looked into it to amount to anything, Francis; but I will say from the little I know that it listens good.”

“Listens! I tell you, Regan, it’s the Simon-pure, straight legitimate, and it’s a shame to have it listed at all. I don’t have to wreck anybody or anything to pull it across. The world will be better for my shooting into it I am afraid to say how many hundreds of millions of barrels of real oil——say, I’ve got one well alone, in the Huasteca field, that’s gushed 27,000 barrels a day for seven months. And it’s still doing it. That’s the drop in the bucket we’ve got piped to market now. And it’s twenty-two gravity, and carries less than two-tenths of one per cent. of sediment. And there’s one gusher—sixty miles of pipe to build to it, and pinched down to the limit of safety, that’s pouring out all over the landscape just about seventy thousand barrels a day.—Of course, all in confidence, you know. We’re doing nicely, and I don’t want Tampico Petroleum to skyrocket.”

“Don’t you worry about that, my lad. You’ve got to get your oil piped, and the Mexican revolution straightened out before ever Tampico Petroleum soars. You go fishing and forget it.” Regan paused, with finely simulated sudden recollection, and picked up Alvarez Torres’ card with the pencilled note. “Look, who’s just been to see me.” Apparently struck with an idea, Regan retained the card a moment. “Why go fishing for mere trout? After all, it’s only recreation. Here’s a thing to go fishing after that there’s real recreation in, full-size man’s recreation, and not the Persian-palace recreation of an Adirondack camp, with ice and servants and electric push-buttons. Your father always was more than a mite proud of that old family pirate. He claimed to look like him, and you certainly look like your dad.”

“Sir Henry,” Francis smiled, reaching for the card. “So am I a mite proud of the old scoundrel.”

He looked up questioningly from the reading of the card.

“He’s a plausible cuss,” Regan explained. “Claims to have been born right down there on the Mosquito Coast, and to have got the tip from private papers in his family. Not that I believe a word of it. I haven’t time or interest to get started believing in stuff outside my own field.”

“Just the same, Sir Henry died practically a poor man,” Francis asserted, the lines of the Morgan stubbornness knitting themselves for a flash on his brows. “And they never did find any of his buried treasure.”

“Good fishing,” Regan girded good-humoredly.

“I’d like to meet this Alvarez Torres just the same,” the young man responded.

“Fool’s gold,” Regan continued. “Though I must admit that the cuss is most exasperatingly plausible. Why, if I were younger—but oh, the devil, my work’s cut out for me here.”

“Do you know where I can find him?” Francis was asking the next moment, all unwittingly putting his neck into the net of tentacles that Destiny, in the visible incarnation of Thomas Regan, was casting out to snare him.

The next morning the meeting took place in Regan’s office. Senor Alvarez Torres startled and controlled himself at first sight of Francis’ face. This was not missed by Regan, who grinningly demanded:

“Looks like the old pirate himself, eh?”

“Yes, the resemblance is most striking,” Torres lied, or half-lied, for he did recognize the resemblance to the portraits he had seen of Sir Henry Morgan; although at the same time under his eyelids he saw the vision of another and living man who, no less than Francis and Sir Henry, looked as much like both of them as either looked like the other.

Francis was youth that was not to be denied. Modern maps and ancient charts were pored over, as well as old documents, handwritten in faded ink on time-yellowed paper, and at the end of half an hour he announced that the next fish he caught would be on either the Bull or the Calf—the two islets off the Lagoon of Chiriqui, on one or the other of which Torres averred the treasure lay.

“I’ll catch to-night’s train for New Orleans,” Francis announced. “That will just make connection with one of the United Fruit Company’s boats for Colon—oh, I had it all looked up before I slept last night.”

“But don’t charter a schooner at Colon,” Torres advised. “Take the overland trip by horseback to Belen. There’s the place to charter, with unsophisticated native sailors and everything else unsophisticated.”

“Listens good!” Francis agreed. “I always wanted to see that country down there. You’ll be ready to catch to-night’s train, Senor Torres?... Of course, you understand, under the circumstances, I’ll be the treasurer and foot the expenses.”

But at a privy glance from Regan, Alvarez Torres lied with swift efficientness.

“I must join you later, I regret, Mr. Morgan. Some little business that presses—how shall I say?—an insignificant little lawsuit that must be settled first. Not that the sum at issue is important. But it is a family matter, and therefore gravely important. We Torres have our pride, which is a silly thing, I acknowledge, in this country, but which with us is very serious.”

“He can join afterward, and straighten you out if you’ve missed the scent,” Regan assured Francis. “And, before it slips your mind, it might be just as well to arrange with Senor Torres some division of the loot ... if you ever find it.”

“What would you say?” Francis asked.

“Equal division, fifty-fifty,” Regan answered, magnificently arranging the apportionment between the two men of something he was certain did not exist.

“And you will follow after as soon as you can?” Francis asked the Latin American. “Regan, take hold of his little law affair yourself and expedite it, won’t you?”

“Sure, boy,” was the answer. “And, if it’s needed, shall I advance cash to Senor Alvarez?”

“Fine!” Francis shook their hands in both of his. “It will save me bother. And I’ve got to rush to pack and break engagements and catch that train. So long, Regan. Good-bye, Senor Torres, until we meet somewhere around Bocas del Toro, or in a little hole in the ground on the Bull or the Calf—you say you think it’s the Calf? Well, until then—adios!”

And Senor Alvarez Torres remained with Regan some time longer, receiving explicit instructions for the part he was to play, beginning with retardation and delay of Francis’ expedition, and culminating in similar retardation and delay always to be continued.

“In short,” Regan concluded, “I don’t almost care if he never comes back—if you can keep him down there for the good of his health that long and longer.”


CHAPTER II

Money, like youth, will not be denied, and Francis Morgan, who was the man-legal and nature-certain representative of both youth and money, found himself one afternoon, three weeks after he had said good-bye to Regan, becalmed close under the land on board his schooner, the Angelique. The water was glassy, the smooth roll scarcely perceptible, and, in sheer ennui and overplus of energy that likewise declined to be denied, he asked the captain, a breed, half Jamaica negro and half Indian, to order a small skiff over the side.

“Looks like I might shoot a parrot or a monkey or something,” he explained, searching the jungle-clad shore, half a mile away, through a twelve-power Zeiss glass.

Are sens

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