Dick put the bag of gold and the letters Jack had picked up in his trunk
under his berth and locked it, saying nothing at that time to any one, but
resolving to go again with Jack, and bring away the chest if they could
manage it.

He meant to tell the doctor about their wonderful find when they had all
of it safely in their possession, and to have the letters translated so as
to learn definitely all about the wrecked vessel and its mission, but just
now he thought it wise to say nothing and Jack agreed with him.

Not all of the boys were on the yacht when the two young adventurers
returned, and nothing was said about their having to hail the yacht, but
as the others began to arrive, some time later, Percival watched them in
turn to see if he could distinguish guilty looks on the faces of any.

When Herring and Merritt came on board he suddenly stepped out from behind
a funnel, which had hidden him so that the two bullies did not see him
till just as he faced them.

Both of them showed surprise, and Percival said to himself:

"They are the ones, just as I supposed. When anything happens to me or
Jack and especially to Jack, look out for Pete Herring."

The two bullies passed him as quickly as they could, and had nothing to
say, being evidently much astonished at seeing him on the yacht, but
fearing to say anything lest they should betray themselves.

Passing Percival they came suddenly upon Jack, not having time to prepare
for a meeting with him, and both of them flushed crimson.