"It is a perilous one, certainly, Reuben," the merchant replied, after a long silence. "There is the risk of the loss of the ship and all her freight, and there is the risk of the loss of your life and of those of the crew; and I would rather lose even the Swan, Reuben, than that harm should come to you and Roger. Then it may well be that, even if you carried the scheme to a successful end, and returned laden with wealth, the king and his counselors, when the matter came to their ears--which it would be sure to do on your return, for it would make a prodigious talk--might be grievously offended, accuse us of embroiling England with Spain, confiscate the cargo, visit me with fine and imprisonment, and treat you and the crew as pirates." "I do not fear that," Reuben said. "Our relations with Spain have grown cold, lately, and there is a talk of peace between us and France. In the next place, I should say that the king would be mightily glad to see a chance of us English having a finger in this pie, that the Spaniards want to keep to themselves; and that he will perceive that great advantage will arise, from our obtaining a share of the trade with the Indies. There is a rare jealousy in the country, at the Spaniards and Portugals keeping all the trade of both the Indies in their hands; and methinks that, even if he judged it necessary to make a show of displeasure against the men who led the way in this matter, there would in the end be much honor, as well as profit, in this venture." "It is a grave matter, Reuben, and one not to be undertaken without much thought and calculation. Still, I own that the proposal is a tempting one, and that the possession of this map, which I will examine at my leisure, would help you much in your enterprise. Truly, as you say, although the king might frown, there would be much honor as well as profit in being the first English merchant to dispatch a ship to the Spanish main. I love not the Spaniards and, like all Englishmen who think as I do on matters of religion, have viewed with much disfavor our alliance with men who are such cruel persecutors of all who are not of their religion." "I hate them," Reuben Hawkshaw said, energetically. "They swagger as if they were the lords of the world, and hold all others as of no account beside them. If you resolve on this enterprise I shall, of course, do my utmost to avoid them; but should they try to lay hand on us, I shall be right glad to show them that we Englishmen hold ourselves fully a match for them." "Well, well, we must not think of that," Diggory Beggs said, hastily; "but, nevertheless, cousin, if the Swan sails for those seas, I will see that she is well provided with ordnance and small arms, so that she shall be able to hold her own with those who would meddle with her."