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 to stand in the bucket when I reached it, and draw myself up by hauling the other rope.

No—impossible; I had fixed the machinery with the stop. The thought unnerved me for the moment, and then I laughed, as I recalled how often I had climbed a rope. Then I was level with the swinging lantern, my feet touched the water close by the partly-submerged lower wheel, and I checked myself to feel about and find, as I had anticipated, a broad resting-place, just below the surface, composed of slippery cross-beams.

Here I stopped for a few moments thinking—not hesitating—as to which side I should descend. And now, in spite of the dogged courage within me, I felt in full force the terrible risk I was about to run. It was one thing to plunge down into the open sea in broad daylight, holding one of those boulders; another to take a fifty-six pound weight from that bucket close by me, plant it by me on the beam, thrust my foot through the ring right up to my instep, and then lower myself off and let that weight drag me down into those horrible cold, black depths.

I shuddered with the shock of dread which ran through me, and then snapping my teeth together like an angry dog, I uttered a low laugh, which startled me again, as in my desperate fit I said—

"Bah, what a poor soldier I should have made! Common workmen go through such risks every day as a matter of course. The jewels or—"

I did not finish my sentence, but bent down as I held on by the rope, and took one of the weights out of the bucket close by me; the water washing about and whishing against the slimy walls as if it were swarming with live creatures, disturbed by my coming, and ascending rapidly from the depths to attack the intruder upon their home.

My foot glided along over the oaken beam on which I stood, but I held on by the rope and recovered myself, planted the weight down in the water by my feet, and holding up the ring thrust my right foot through close up to the instep.

"That will do," I thought, as I raised my toes, feeling that if I descended carefully it could not slip off till I lowered the fore part of my foot. "Now, lad, no silly fancies," I muttered. "A few long breaths, then one deep inhalation; down you go rapidly; then feel about for a minute and a half, find the package, slip your foot out of the ring—no, you will be holding it then—keep your hands over your head in case you come up under the beam, and then hurrah for to-morrow."

It was a childish way of addressing myself, perhaps; but I felt bound to treat the matter lightly, so as to cloak the peril from my too active brain.

"Ready?" I said, as I kept on breathing slowly and deeply, preparatory to taking the long, deep, lasting breath.

"Yes," I said, mentally, and changing my hold to the other rope, I was about to lower myself into a sitting position on the beam, drawing that deep breath the while, when like lightning came the thought—"Suppose it is your last!" for a thrill shot down my left arm right to my heart, and I sprang back to my erect position wondering as the thrill went on.

Were my muscles quivering like that? No; it was the rope which I held in my hand, literally throbbing. I looked up, and there far above me, dimly visible by the light of the candle I had left burning, I