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Chapter Five


Ruggedo ran scornfully past. An old Merman, sitting sadly on the top step, reminded Peter of his grandfather. He wanted to stop and sympathize with the old gentleman, but fearing to be left alone in so scaresome and strange a country, he hurried after the Gnome King. Then Peter saw that which made all else fade from his mind. It was the battered hulk of an old ship, resting against the side of a green sea cavern. It was overgrown with sea moss and barnacles, but the name, in raised letters of pure gold, was still visible.

“Blunderoo!” breathed Peter softly. Then snatching at Ruggedo’s coat-tails forced him to stop.

“Let’s go aboard!” puffed Peter. “I'll bet we’ll find all sorts of useful things. Oh Jimminee! Look! It’s a pirate ship!”

Peter pointed to the gold skull and cross bones be- low the ship’s name, his voice trembling with eagerness. Even Ruggedo’s eyes began to snap and sparkle with excitement.

“That would mean treasure chests,” muttered the old gnome greedily. There was a rusty chain ladder hanging over the ship’s side and, seizing the lowest rung, Peter swung himself up and in less than no time had reached the ship’s deck. How long it had lain at

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