`The thing is as clear as noonday,' cried the squire. `This is the black-hearted hound's account-book. These crosses stand for the names of ships or towns that they sank or plundered. The sums are the scoundrel's share, and where he feared an ambiguity, you see he added something clearer. "Offe Caraccas," now; you see, here was some unhappy vessel boarded off that coast. God help the poor souls that manned her - coral long ago.'

`Right!' said the doctor. `See what it is to be a traveller. Right! And the amounts increase, you see, as he rose in rank.'

There was little else in the volume but a few bearings of places noted in the blank leaves towards the end, and a table for reducing French, English, and Spanish moneys to a common value.

`Thrifty man!' cried the doctor. `He wasn't the one to be cheated.'

`And now,' said the squire, `for the other.'

The paper had been sealed in several places with a thimble by way of seal; the very thimble, perhaps, that I had found in the captain's pocket. The doctor opened the seals with great care, and there fell out the map of an island, with latitude and longitude, soundings, names of hills, and bays and inlets, and every particular that would be needed to bring a ship to a safe anchorage upon its shores. It was about nine miles long and five across, shaped, you might say, like a fat drag' standing up, and had two fine land - locked harbours, and hill in the centre part marked `The Spy-glass.' There we several additions of a later date; but, above all, three cross of red ink - two on the north part of the island, one in the south- west, and, beside this last, in the same red ink, and a small, neat hand, very different from the captain's tottery characters, these words: - `Bulk of treasure here.'

Over on the back the same hand had written this further information:--

`Tall tree, Spy-glass shoulder, bearing a point to the N of N.N.E.

`Skeleton Island E.S.E. and by E.

`Ten feet.

`The bar silver is in the north cache; you can find it by the trend of the east hummock, ten fathoms south of the black crag with the face on it.

`The arms are easy found, in the sand hill, N. point of nor inlet cape, bearing E. and a quarter N.

`J. F.'

That was all; but brief as it was, and, to me, incomprehensible, it filled the squire and Dr Livesey with delight.

`Livesey,' said the squire, `you will give up this wretched practice at once. To - morrow I start for Bristol. In three weeks' time - three weeks! - two weeks - ten days - we'll have the best ship, sir, and the choicest crew in England. Hawkins shall come as cabin - boy. You'll make a famous cabin-boy Hawkins. You, Livesey, are ship's doctor; I am admiral. We'll take Redruth, Joyce, and Hunter. We'll ha favourable winds, a quick passage, and not the least difficult in finding the spot, and money to eat - to roll in - to play du and drake with ever after.'

`Trelawney,' said the doctor, `I'll go with you; and, I go bail for it, so will Jim, and be a credit to the undertaking. There's only one man I'm afraid of.'

`And who's that?' cried the squire. `Name the dog, sir!'