"When you had gone, and when Jupiter was fast asleep, I betook myself to a more methodical investigation of the affair. In the first place I considered the manner in which the parchment had come into my possession. The spot where we discovered the scarabaeus was on the coast of the main land, about a mile eastward of the island, and but a short distance above high water mark. Upon my taking hold of it, it gave me a sharp bite, which caused me to let it drop. Jupiter, with his accustomed caution, before seizing the insect, which had flown towards him, looked about him for a leaf, or something of that nature, by which to take hold of it. It was at this moment that his eyes, and mine also, fell upon the scrap of parchment, which I then supposed to be paper. It was lying half buried in the sand, a corner sticking up. Near the spot where we found it, I observed the remnants of the hull of what appeared to have been a ship's long boat. The wreck seemed to have been there for a very great while; for the resemblance to boat timbers could scarcely be traced.

"Well, Jupiter picked up the parchment, wrapped the beetle in it, and gave it to me. Soon afterwards we turned to go home, and on the way met Lieutenant G-. I showed him the insect, and he begged me to let him take it to the fort. On my consenting, he thrust it forthwith into his waistcoat pocket, without the parchment in which it had been wrapped, and which I had continued to hold in my hand during his inspection. Perhaps he dreaded my changing my mind, and thought it best to make sure of the prize at once - you know how enthusiastic he is on all subjects connected with Natural History. At the same time without being conscious of it, I must have deposited the parchment in my own pocket.

"You remember that when I went to the table, for the purpose of making a sketch of the beetle, I found no paper where it was usually kept. I looked in the drawer, and found none there. I searched my pockets, hoping to find an old letter - and then my hand fell upon the parchment. I thus detail the precise mode in which it came into my possession; for the circumstances impressed me with peculiar force.

"No doubt you will think me fanciful - but I had already established a kind of connection. I had put together two links of a great chain. There was a boat lying on a sea-coast, and not far from the boat was a parchment - not a paper - with a skull depicted on it. You will, of course, ask 'where is the connexion?' I reply that the skull, or death's-head, is the well-known emblem of the pirate. The flag of the death's-head is hoisted in all engagements.

"I have said that the scrap was parchment, and not paper. Parchment is durable - almost imperishable. Matters of little moment are rarely consigned to parchment; since, for the mere ordinary purposes of drawing or writing, it is not nearly so well adapted as paper. This reflection suggested some meaning - some relevancy - in the death's-head. I did not fail to observe, also, the form of the parchment. Although one of its corners had been, by some accident, destroyed, it could be seen that the original form was oblong. It was just such a slip, indeed, as might have been chosen for a memorandum - for a record of something to be long remembered and carefully preserved."

"But," I interposed, "you say that the skull was not upon the parchment when you made the drawing of the beetle. How then do you trace any connexion between the boat and the skull - since this latter, according to your own admission, must have been designed (God only knows how or by whom) at some period subsequent to your sketching the scarabaeus?"

"Ah, hereupon turns the whole mystery; although the secret, at this point, I had comparatively little difficulty in solving. My steps were sure, and could afford but a single result. I reasoned, for example, thus: When I drew the scarabaeus, there was no skull apparent on the parchment. When I had completed the drawing, I gave it to you, and observed you narrowly until you returned it. You, therefore, did not design the skull, and no one else was present to do it. Then it was not done by human agency. And nevertheless it was done.

"At this stage of my reflections I endeavored to remember, and did remember, with entire distinctness, every incident which occurred about the period in question. The weather was chilly (oh rare and happy accident!), and a fire was blazing on the hearth. I was heated with exercise and sat near the table. You, however, had drawn a chair close to the chimney. Just as I placed the parchment in your hand, and as you were in the act of inspecting it, Wolf, the Newfoundland, entered, and leaped upon your shoulders. With your left hand you caressed him and kept him off, while your right, holding the parchment, was permitted to fall listlessly between your knees, and in close proximity to the fire. At one moment I thought the blaze had caught it, and was about to caution you, but, before I could speak, you had withdrawn it, and were engaged in its examination. When I considered all these particulars, I doubted not for a moment that heat had been the agent in bringing to light, on the parchment, the skull which I saw designed on it. You are well aware that chemical preparations exist, and have existed time out of mind, by means of which it is possible to write on either paper or vellum, so that the characters shall become visible only when subjected to the action of fire. Zaire, digested in aqua regia, and diluted with four times its weight of water, is sometimes employed; a green tint results. The regulus of cobalt, dissolved in spirit of nitre, gives a red. These colors disappear at longer or shorter intervals after the material written on cools, but again become apparent upon the re-application of heat.

"I now scrutinized the death's-head with care. Its outer edges - the edges of the drawing nearest the edge of the vellum - were far more distinct than the others. It was clear that the action of the caloric had been imperfect or unequal. I immediately kindled a fire, and subjected every portion of the parchment to a glowing heat. At first, the only effect was the strengthening of the faint lines in the skull; but, on persevering in the experiment, there became visible, at the corner of the slip, diagonally opposite to the spot in which the death's-head was delineated, the figure of what I at first supposed to be a goat. A closer scrutiny, however, satisfied me that it was intended for a kid."

"Ha! ha!" said I, "to be sure I have no right to laugh at you - a million and a half of money is too serious a matter for mirth - but you are not about to establish a third link in your chain - you will not find any especial connexion between your pirates and goat-pirates, you know, have nothing to do with goats; they appertain to the farming interest."

"But I have just said that the figure was not that of a goat."

"Well, a kid then - pretty much the same thing."

"Pretty much, but not altogether," said Legrand. "You may have heard of one Captain Kidd. I at once looked on the figure of the animal as a kind of punning or hieroglyphical signature. I say signature; because its position on the vellum suggested this idea. The death's-head at the corner diagonally opposite, had, in the same manner, the air of a stamp, or seal. But I was sorely put out by the absence of all else - of the body to my imagined instrument - of the text for my context."

"I presume you expected to find a letter between the stamp and the signature."

"Something of that kind. The fact is, I felt irresistibly impressed with a presentiment of some vast good fortune impending. I can scarcely say why. Perhaps, after all, it was rather a desire than an actual belief; - but do you know that Jupiter's silly words, about the bug being of solid gold, had a remarkable effect on my fancy? And then the series of accidents and coincidences - these were so very extraordinary. Do you observe how mere an accident it was that these events should have occurred on the sole day of all the year in which it has been, or may be, sufficiently cool for fire, and that without the fire, or without the intervention of the dog at the precise moment in which he appeared, I should never have become aware of the death's-head, and so never the possessor of the treasure?"

"But proceed - I am all impatience."

"Well; you have heard, of course, the many stories current - the thousand vague rumors afloat about money buried, somewhere on the Atlantic coast, by Kidd and his associates. These rumors must have had some foundation in fact. And that the rumors have existed so long and so continuously could have resulted, it appeared to me, only from the circumstance of the buried treasure still remaining entombed. Had Kidd concealed his plunder for a time, and afterwards reclaimed it, the rumors would scarcely have reached us in their present unvarying form. You will observe that the stories told are all about money-seekers, not about money-finders. Had the pirate recovered his money, there the affair would have dropped. It seemed to me that some accident - say the loss of a memorandum indicating its locality - had deprived him of the means of recovering it, and that this accident had become known to is followers, who otherwise might never have heard that treasure had been concealed at all, and who, busying themselves in vain, because unguided attempts, to regain it, had given first birth, and then universal currency, to the reports which are now so common. Have you ever heard of any important treasure being unearthed along the coast?"

"Never."