“Well, these operations got known everywhere, and the whole story came up again. A lot of men formed themselves into a company, the grandson was one of them. They bought the island, and resolved to go to work on a grand scale. They rigged a pump which was worked by a horse in a very peculiar fashion, and had a hoisting apparatus worked by another horse to lift up the dirt. They got a lot of wood on the place for stayings to the hole, and went to work. Before they began, they bored down for a hundred and twenty feet. On taking out the auger, they saw on the lowest part scraps of wood, then bright scrapings that looked like gold, then wood again. And this showed that the auger had gone clean through the chest, and had brought back signs of the chest itself, and of the treasure inside. This created the greatest excitement, and the company went to work as eagerly and as industriously as the original diggers. Well, they kept at it, and dug, and hoisted, and pumped for a whole summer; but it was no go. As fast as they pumped, the water poured in, and faster too; and in fact, they couldn’t make the slightest impression on the water in the money-hole, do what they would. So they gave up. “Well, after this, another company started. The new company bought out from the old all its rights, and started on a new plan. Many of the old company belonged to the new one, and these had learned by experience the impossibility of doing anything by digging in the money-hole itself. The new plan consisted in digging a new hole altogether. In the operations of the old company they had discovered that though the money-hole was all sand and gravel, yet all around it the soil was a hard blue clay, quite impervious to water, and very easy to work in. They thought by digging alongside the money-hole, as near as the clay would allow, they might go down to the same depth, and then tunnel along at the bottom till they reached the treasure chest. So they went to work about thirty feet away from the money-hole, digging in the clay. They had no trouble in digging. The soil was free from stones, firm clay, impervious to water, and they made first-rate progress to a certain extent. They got down about a hundred feet, and then ventured to tunnel towards the money-hole. They worked very carefully, for it was rather dangerous, as they were under the level of the sea, and were therefore exposed to a rush of water at any false movement that they might make. But in spite of all their care, they failed at last; for one day they went up to dinner, and on going back again, they found the new hole filled with water to within thirty feet or so of the top. It was a sore disappointment, and they could only console themselves by the thought that they had been so fortunate as to have left the hole at that particular time. They tried to pump out the water, and made some faint efforts to continue their work, but it was no use. The failure had been too great, and this attempt broke down.