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the Rainbow steaming away from Horseshoe Bay, the Rovers and those with them on shore felt that a crisis had been reached. If it was true that Carey, Bossermann and Wingate contemplated joining Sid Merrick there was no telling what the enemy might not accomplish next.

"I have never liked Carey," observed Captain Barforth. "But I did not imagine he would take matters in his own hands in this fashion. I did not think he had the backbone."

"It's the thought of the treasure has done it," answered Anderson Rover. "Many a man's head is turned because of gold."

Those on the shore watched the steam yacht round the eastern point of the isle. Each heart sank as the vessel disappeared from view.

"Well, we can do nothing at present, but hope for the best," observed the captain. "We cannot think of chasing them in the rowboats."