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ill, and in his mate at the rope and the air-pump, Captain Jerry. For defence against any obtrusive shark or sawfish he carried a heavy, long-bladed, two-edged knife, by far the most effective weapon in deep water. This knife he wore in a sheath at his waist, with a cord attached to the handle so that it could not get away from him. He carried also a tiny electric battery supplying a strong lamp on the front of his head-piece just above his eyes. From his long experience in sounding and in locating wrecks, Jan Laurvik had acquired an accuracy that seemed almost like divination. His soundings, in this instance, had been particularly thorough, because he did not wish to waste any more time than necessary at the depth in which he would have to work. He was not surprised, therefore, when he found himself descending upon the wreck of a junk. Moreover, as it was not an old wreck, he concluded that it was the junk which he was looking for. The wreck had settled almost on an even keel; and as he was familiar with craft of her type, he had no difficulty in finding his way about. It was in the narrow, closet-like structure which served as the junk's cabin that the pirate had said the pearls would be found. The door was open. Turning on his light, which struggled with the water and diffused a ghostly glow, he found himself confronted by a hideous little joss of red-and-gilt lacquer. He knew it was lacquer, and of the best, for nothing else, except gold itself, would have withstood the months of soaking in sea-water. Jan grinned to himself, there within his rubber and copper shell, at this evidence of pirate piety. Then it occurred to him that a man like the pirate captain would probably have turned his piety to practical use. What better guardian of the treasure than a god? Dragging the gaudy deity from his altar, he found the altar hollow. In that secure receptacle lay a series of packages done up with careful precision in wrappings of oiled silk. He knew the style of wrapping very well. For all his coolness, his heart fell to thumping painfully at the sight of this vast wealth beneath his hand. Then he realized that the pressure of the water, and of the compressed air in his helmet, was beginning to tell upon him. In fierce but orderly haste he corded the packages about his middle and turned to leave the cabin. He would make another trip for the lacquer god, and for such other articles of value or _vertu_ which the junk might
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