barry tuxford listened attentively to jack's story of the stolen pearl, and when it was ended said, "there is no doubt in my mind that one of those black fellows amos hooker engaged for you, stole it during the night. it was cleverly done, and i am surprised he was successful. such a pearl as you have described ought to be worth four or five thousand pounds, probably more, if we found the right customer. someone who possesses one pearl of the sort would give a stiff sum to get a pair."

"do you think you will be able to recover it?" asked jack, anxiously.

"it's a toss up whether we do or not. if amos hooker has it, i think it can be managed, but it will have to be very carefully worked. it will be better to say nothing at all about it, and make no inquiries. amos will keep it for some time before he tries to dispose of it, and if we leave him alone he may get careless. black pearls are very scarce, and one the shape and size of ours will be easily recognised. on the whole, i think it may be recovered, but it will cost money."

jack was relieved to hear this, and said, when he and barry were alone,—

"i have a particular reason for wishing to recover that pearl. do you know what i intended doing if we had brought it here safely?"

"no."

"i intended asking you to buy it for me, and allow me to pay for it when i had the money."

barry looked surprised as he said,—

"what do you require such a valuable pearl for? you could do a great deal better with your money."

"i wished to send it home as a present to a great friend of mine."

"a lady, of course," said barry smiling. "i see; it would be a very valuable gift, and she ought to think a lot of it, if ever she receives it."

"she would," replied jack, "but more on account of my finding it than for its actual value."

"i'll try and get it for you," said barry, "and if i succeed, you shall have it at a fair price. ah, here's silas, i thought he would not be able to wait until my return."

silas filey walked anxiously about, waiting for barry tuxford, and as the time passed, became impatient.

"he's staying on board just to aggravate everybody, that's his little game. i want to be first in at this deal. i'll take a boat out to the schooner and risk the chance of being ordered away."

as the boat came alongside the "heron," barry tuxford looked over the side and said, with a laugh, "what are you here for silas? i am afraid we have nothing on board that will suit you."

"will you let me have a look at the pearls?" asked silas.

"it's against the rules, you must wait until we come ashore."

"i say, barry, give me first chance, and i'll offer you a good price, upon my word, i will. i want a string of good pearls badly for a customer who is not particular how much he pays so long as he gets what he wants."

"that's the sort of man i like to get hold of," said barry.

"they are difficult to find, but this is a cert, a real cert; let me come on board."

"i must ask the skipper," said barry.

"you are the owner, that is sufficient," replied silas.

"phil danks is in charge and it is only fair to ask his permission, but i will try and arrange it for you."

barry disappeared, and silas muttered to himself—

"he's a confounded humbug, he's keeping me here for fun. i wonder what they have on board. he'll drive a hard bargain now he sees i am so eager, but i must have the pearls, it's a big deal if i get what my man wants."

when barry tuxford returned, he said,—

"if i let you have first pick you must be prepared to give a stiff price, i know the value of pearls as well as you do."

"i'll deal fair with you, upon my word, i will," said silas. "may i come up?"

"yes," replied barry, "and mind, there's to be no jew business about this transaction."

silas filey scrambled up the ladder and climbed over the side of the schooner. barry introduced him to jack, who thought the dealer a curious looking man to handle valuable pearls.

jacob rank and phil were both known to silas, who congratulated the former on his return to life.

"we thought you'd gone under, jacob," he said, "but i'm glad such is not the case. you have made a grand discovery, i hear, found pearls by the hundreds, somewhere. you are a clever chap, jacob, very clever."

"and who gave you such valuable information?" asked jacob.

"never mind where i got it from, it's true."

"much you know about it. if i owned this blessed schooner, or happened to be skipper of her, i'd take precious good care to keep her decks clear of such men as you," growled jacob.

"i have done you no harm, my friend," said silas.

"and i'll take jolly good care you never have the chance," was the reply. "pearl dealers are frauds, i'd have nothing to do with you if i was mr. tuxford."

"but you are not mr. tuxford, my dear jacob," said silas. "if you were, you would have made a fortune long ago, with the chances you have had."

"you two are always at it," said barry. "come and see the pearls, silas."

"keep your eyes on him, and don't let him handle them," was jacob's parting shot.

"i'm sorry for him," said silas, "jacob is a good fellow, but he's a fool."

they went to jack's cabin, and he unlocked the box and took out the various drawers containing the different sized pearls. when silas saw the collection, his eyes fastened on them eagerly and barry tuxford, who was watching him closely, thought he would be able to sell well. there were pearls of all shapes, egg-shaped, oval, pear shaped, curiously twisted pearls, and pearls of many sizes. in one box, silas saw about forty or fifty perfect pearls, free from all excrescences, with perfectly smooth surfaces, and possessing a brilliant even lustre. he knew they were valuable, the more so because they were of even size, shape, and weight, and were just what he required. jack handed him the box, and he examined each pearl carefully; there was no flaw in them, they were as perfect as any he had ever seen. he looked at the other boxes and recognised that the bay jacob rank had discovered must be uncommonly rich in shells, he wished he knew where it was, but there was not much chance of finding out.

barry and jack waited for him to speak, but silas filey was a man of few words when he meant business. he was calculating his chances, summing up the value of the pearls, how much he could obtain for them, what he was prepared to give, and how much profit he could make; he was also surmising the amount barry tuxford would be willing to accept, and on that basis was prepared to make a reasonable offer which would give him scope to increase the price.

jack replaced the pearls in the case, and was about to lock them up when silas said,—

"don't put them away yet, mr. redland."

"i thought you were not over pleased with them," replied jack, quietly, and barry smiled.

"they are not a bad lot at all, for a first trip in a new ground they are excellent, and give promise of better things."

"do you wish to make a bid for them?" asked barry, coming to the point.

"how much do you want?"

"for the lot?"

"for the best lot."

"i shall not sell them separately, the buyer will have to clear us out, seed pearls and all."

silas shook his head as he replied,—

"a lot of them are no good to me."

"i am quite aware of that," replied barry, "but you can get rid of them. they are no more good to me than they are to you."

"put a price on the lot," said silas.

barry tuxford knew what these pearls were worth in the open market, but he also knew if silas had a wealthy customer waiting their value might reasonably be increased.

"six thousand pounds," he said, and jack redland gasped for breath, while silas held up both hands in pious horror at such an attempt at extortion.

"a very good joke," said silas, "on your side."

"you will get that for the best lot alone if you have a customer handy such as you have mentioned," replied barry.

silas thought this not improbable, but all the same it was an outrageous price for barry to ask.

"i am afraid we shall not be able to do business," said silas, rising.

"very well, sorry you had your journey for nothing. lock them up again, mr. redland."

"stop a minute," said silas. "you are always in such a hurry. ask a reasonable figure. say half, and we can commence to talk."

jack was surprised, he had no idea of the value of pearls, and three thousand pounds seemed a large sum.

"i cannot waste my time, silas, and you know well enough three thousand is ridiculous."

"well, let us say another five hundred."

"no, not anything near the mark," replied barry, knowing well enough silas was biting.

"you are very hard."

"not at all. you asked as a favour to be given first chance. if i take these pearls into fremantle, and put them on the open market, they'll sell well, especially as they are scarce. it will save trouble if you take the lot, and six thousand is a fair thing."

"it's simply ruinous," said silas. "i'll give you four, and not a pound more."

"then it's no deal," said barry, and jack fancied he was unwise not to accept it.

silas shuffled out of the cabin, and barry whispered to jack,—

"he'll spring another five hundred, and he can have them. it's a good price, but he'll make a clear couple of thousand out of the deal if he has a customer for the big ones."

silas filey went to the side of the schooner and seemed about to go down into his boat. he hesitated, and barry said, "make it another five hundred and you shall have them, with one condition attached," he added, as though a thought had occurred to him.

"a condition," said silas, surprised. "what sort of a condition?"

"will you give the price, £4500?" asked barry.

"it's a robbery, they're not worth it."

"bosh," said barry, testily. "don't be such an old fool, you know they are worth it, to you."

"why to me more than anyone else?"

"because you know where to place them."

silas sighed, there was much truth in barry's remarks. here were all the pearls ready to his hand, it might take him months to get such a lot together.

"i'll give it you," he said, at last.

"and you've got a bargain," said barry. jack redland was delighted, there was still the pearl shell to sell, it was a rare haul.

"what condition do you attach?" asked silas.

"we have lost a valuable black pearl, it has been stolen, and we want you to help us to get it back."

"a black pearl?" said silas, amazed. "tell me all about it," he said, eagerly.

"mr. redland will tell you, but first of all will you help us?"

"of course i will, and buy it from you."

"it is not for sale," said jack.

silas filey's face fell, he would have given a good deal to secure such a prize.

"tell me all about it," he said, and jack gave him a brief outline of the robbery and a description of the pearl.

"where do you think it is?" he asked.

"i know where it is, at least i am almost certain," said barry. "an old scoundrel we both know at shark's bay has it. he put the black fellows up to stealing some of our pearls, and they happened to get the best. i mean amos hooker, he's the man."

"he has it!" exclaimed silas. "i'd like to get it. he's a bad lot, is amos. i hope i can do it for you, i think i can. i'll get into communication with him. he'll not be able to sell it in a hurry."

"you will have to be careful, or he'll be on his guard," said barry.

"i have had dealings with him before, and he will not be at all suspicious of me. are you quite sure you will not sell it? do you know what such a pearl as you have described is worth?" he said, turning to jack.

"i have no idea."

"anything between three to seven thousand; it is worth the latter sum to a man who already possesses one."