My predecessor here in the copra-gathering business, old Heintz, really left me a very snug establishment. It was odd that I should have run across him at Panama that way. I sounded him on the question of treasure. He said placidly that of course the island had been the resort of Edward Davis and Benito Bonito and others of the black flag gentry, and he thought it very likely they had left some of their spoils behind them, but though he had done a little investigating as he had time he had come on nothing but a ship's lantern, a large iron kettle, and the golden setting of a bracelet from which the jewels had been removed. He had already disposed of the bracelet. The kettle I found here, and sank in the spring to keep the water clear. (Where it still is. V. H.) Evidently old Heintz knew nothing of the _Bonny Lass_. This was an immense satisfaction, as it proves that the story can not have been noised about. Christmas Day! I wonder what they are all doing at home? December 28. Of course the cave under the point is the logical place. I have been unable to find any stone marked B. H. on the ground above it, but I fear that a search after Bill's tombstone would be hopeless. Although the formation of the island is of the sort to contain numerous caves, still they must be considerably less plentiful than possible tombstones. Under circumstances such as those of the mate's story, it seems to me that all the probabilities point to their concealing the chest in the cave with an opening on the bay. It must have been necessary for them to act as quickly as possible, that their absence from the ship might go unnoticed--though I believe the three conspirators had made the crew drunk. Then to get the boat, laden with the heavy chest, through the surf to any of the other caves--if the various cracks and fissures I have seen are indeed properly to be called caves--would be stiff work for three men. Yes, everything indicates the cavern under the point. The only question is, isn't it indicated too clearly? Would a smooth old scoundrel such as this Captain Sampson must have been have hidden his treasure in the very place certain to be ransacked if the secret ever got out? Unless it was deeply buried, which it could have been only at certain stages of the tide, even old Heintz would have been apt to come across it in the course of his desultory researches for the riches of the buccaneers. And I am certain placid old Heintz did not mislead me. Besides, at Panama, he was making arrangements to go with some other Germans on a small business venture to Samoa, which he would not have been likely to do if he had just unearthed a vast fortune in buried treasure. Still, I shall explore the cave thoroughly, though with little hope. Oh, Helen, if I could watch these tropic stars with you to-night!