And Reginald Crafer, after an early meal, sat himself down to a perusal of those closely written sheets which had been at last unearthed after lying in the vaults of Cazalet's bank so long. This is what they told him. _The History of NICHOLAS CRAFER, Lieutenant, and the Search for THE HISPANIOLA PLATE, with all that occurred during that search and followed after it. As told by him_. CHAPTER V. CAPTAIN WILLIAM PHIPS. There will be but little need that I ask pardon of him or her who receives this paper from Mr. Wargrave, since if he who does so shall have courage, or she who receives it have an honest friend to depend upon, they will have no reason to reproach me for what I have done. The finding of it will tell him or her how they shall become possessed of a fortune; and those who have gone before them and after me can never know how they have missed it. That it is not well for any Crafer to find this paper near unto my time is the reason why, with great care and pains, I have so bestowed it in my friend's hand, and, better is it that I shall have laid in grave a hundred years or more before it is discovered, than that any coming close to me should light upon it. Now, you who so receive my writing shall understand the reason whereof I say this. Because it partly relateth to a large amount of plate, of jewels, of gold and coins, all of which did indeed belong to the Spanish Carrack which my commander, Phips, digged or rather fished up, from the bottom of the sea where it had lain forty-four years, or, as some did aver, fifty, and because it was the rightful property of him, of the Duke of Albemarle who had a share therein, of King James who had a tenth, and of many others. For some of this money and valuables was all stolen by a thief who was ever a rogue in grain, and what is true enough is, that there was a many suspicions when the finders came back to London that one half of this treasure was missing. As indeed some was, tho' not stolen by him whom the accusers pointed at. For Phips, who was an honest-born New England boy--one of twenty-six children--who had been bred a shepherd and had then become a sailor, was indeed no thief, but ever an honest man, as James declared, who was himself none too honest. Yet, as I say, when the ship with the treasure came back to England, there was a cry that one half was missing, that Phips had left me and others behind to hide away that half, and that, indeed, we were all thieves--tho' we were none, or only one of us, and that was neither Phips nor I.