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be recovered. Expert divers who were taken to the scene of the wreck state that the depth of water, and the many currents existing there, due to a submerged shoal, preclude any possibility of getting at the hull. The bullion, it is believed, was to have been used to further the interests of a certain revolutionary faction, but it seems likely that they will have to look elsewhere for the sinews of war. Besides the bullion the ship also carried several cases of rifles, it is stated, and other valuable cargo. The crew and what few passengers the Boldero carried were, contrary to the first reports, all saved by taking to the boats. It appears that some of the ship’s plates were sprung by the stress in which she labored in a storm, and she filled and sank gradually.’ There! what do you think of that, dad?” cried Tom as he finished.

“What do I think of it? Why, I think it’s too bad for the revolutionists, Tom, of course.”

“No; I mean about the treasure being still on board the ship. What about that?”

“Well, it’s likely to stay there, if the divers can’t get at it. Now, Mr. Sharp, about the propellers—”

“Wait, dad!” cried Tom earnestly.

“Why, Tom, what’s the matter?” asked Mr. Swift in some surprise.

“How soon before we can finish our submarine?” went on Tom, not answering the question.

“About a month. Why?”

“Why? Dad, why can’t we have a try for that treasure? It ought to be comparatively easy to find that sunken ship off the coast of Uruguay. In our submarine we can get close up to it, and in the new diving suits you invented we can get at that gold bullion. Three hundred thousand dollars! Think of it, dad! Three hundred thousand dollars! We could easily claim all of it, since the owners have abandoned it, but we would be satisfied with half. Let’s hurry up, finish the submarine, and have a try for it.”

“But, Tom, you forget that I am to enter my new ship in the trials for the prize offered by the United States Government.”

“How much is the prize if you win it?” asked Tom.

“Fifty thousand dollars.”

“Well, here’s a chance to make three times that much at least, and maybe more. Dad, let the Government prize go, and try for the treasure. Will you?”

Tom looked eagerly at his father, his eyes shining with anticipation. Mr. Swift was not a quick thinker, but the idea his son had proposed made an impression on him. He reached out his hand for the paper in which the young inventor had seen the account of the sunken treasure. Slowly he read it through. Then he passed it to Mr. Sharp.

“What do you think of it?” he asked of the aeronaut

“There’s a possibility,” remarked the balloonist “We might try for it. We can easily go three miles down, and it doesn’t lie as deeply as that, if this account is true. Yes, we might try for it. But we’d have to omit the Government contests.”

“Will you, dad?” asked Tom again.

Mr. Swift considered a moment longer.

“Yes, Tom, I will,” he finally decided. “Going after the treasure will be likely to afford us a better test of the submarine than would any Government tests. We’ll try to locate the sunken Boldero.”

“Hurrah!” cried the lad, taking the paper from Mr. Sharp and waving it in the air. “That’s the stuff! Now for a search for the submarine treasure!”

Chapter Two Finishing the Submarine

“What’s the matter?” cried Mrs. Baggert, the housekeeper, hurrying in from the kitchen, where she was washing the dishes. “Have you seen some of those scoundrels who robbed you, Mr. Swift? If you have, the police down here ought to—”

“No, it’s nothing like that,” explained Mr. Swift. “Tom has merely discovered in the paper an account of a sunken treasure ship, and he wants us to go after it, down under the ocean.”

“Oh, dear! Some more of Captain Kidd’s hidden hoard, I suppose?” ventured the housekeeper. “Don’t you bother with it, Mr. Swift. I had a cousin once, and he got set in the notion that he knew where that pirate’s treasure was. He spent all the money he had and all he could borrow digging for it, and he never found a penny. Don’t waste your time on such foolishness. It’s bad enough to be building airships and submarines without going after treasure.” Mrs. Baggert spoke with the freedom of an old friend rather than a hired housekeeper, but she had been in the family ever since Tom’s mother died, when he was a baby, and she had many privileges.

“Oh, this isn’t any of Kidd’s treasure,” Tom assured her. “If we get it, Mrs. Baggert, I’ll buy you a diamond ring.”

“Humph!” she exclaimed, as Tom began to hug her in boyish fashion. “I guess I’ll have to buy all the diamond rings I want, if I have to depend on your treasure for them,” and she went back to the kitchen.

“Well,” went on Mr. Swift after a pause, “if we are going into the treasure-hunting business, Tom, we’ll have to get right to work. In the first place, we must find out more about this ship, and just where it was sunk.”

“I can do that part,” said Mr. Sharp. “I know some sea captains, and they can put me on the track of locating the exact spot. In fact, it might not be a bad idea to take an expert navigator with us. I can manage in the air all right, but I confess that working out a location under water is beyond me.”

“Yes, an old sea captain wouldn’t be a bad idea, by any means,” conceded Mr. Swift. “Well, if you’ll attend to that detail, Mr. Sharp, Tom, Mr. Jackson and I will finish the submarine. Most of the work is done, however, and it only remains to install the engine and motors. Now, in regard to the negative and positive electric plates, I’d like your opinion, Tom.”

For Tom Swift was an inventor, second in ability only to his father, and his advice was often sought by his parent on matters of electrical construction, for the lad had made a specialty of that branch of science.

While father and son were deep in a discussion of the apparatus of the submarine, there will be an opportunity to make the reader a little better acquainted with them. Those of you who have read the previous volumes of this series do not need to be told who Tom Swift is. Others, however, may be glad to have a proper introduction to him.

Tom Swift lived with his father, Barton Swift, in the village of Shopton, New York. The Swift home was on the outskirts of the town, and the large house was surrounded by a number of machine shops, in which father and son, aided by Garret Jackson, the engineer, did their experimental and constructive work. Their house was not far from Lake Carlopa, a fairly large body of water, on which Tom often speeded his motor-boat.

In the first volume of this series, entitled “Tom Swift and His MotorCycle,” it was told how he became acquainted with Mr. Wakefield Damon, who suffered an accident while riding one of the speedy machines. The accident disgusted Mr. Damon with motorcycles, and Tom secured it for a low price. He had many adventures on it, chief among which was being knocked senseless and robbed of a valuable patent model belonging to his father, which he was taking to Albany. The attack was committed by a gang known as the Happy Harry gang, who were acting at the instigation of a syndicate of rich men, who wanted to secure control of a certain patent turbine engine which Mr. Swift had invented.

Tom set out in pursuit of the thieves, after recovering from their attack, and had a strenuous time before he located them.

In the second volume, entitled “Tom Swift and His Motor-Boat,” there was related our hero’s adventures in a fine craft which was recovered from the thieves and sold at auction. There was a mystery connected with the boat, and for a long time Tom could not solve it. He was aided, however, by his chum, Ned Newton, who worked in the Shopton Bank, and also by Mr. Damon and Eradicate Sampson, an aged colored whitewasher, who formed quite an attachment for Tom.

In his motor-boat Tom had more than one race with Andy Foger, a rich lad of Shopton, who was a sort of bully. He had red hair and squinty eyes, and was as mean in character as he was in looks. He and his cronies, Sam Snedecker and Pete Bailey, made trouble for Tom, chiefly because Tom managed to beat Andy twice in boat races.

It was while in his motor-boat, Arrow, that Tom formed the acquaintance of John Sharp, a veteran balloonist. While coming down Lake Carlopa on the way to the Swift home, which had been entered by thieves, Tom, his father and Ned Newton, saw a balloon on fire over the lake. Hanging from a trapeze on it was Mr. Sharp, who had made an ascension from a fair ground. By hard work on the part of Tom and his friends the aeronaut was saved, and took up his residence with the Swifts.

His advent was most auspicious, for Tom and his father were then engaged in perfecting an airship, and Mr. Sharp was able to lend them his skill, so that the craft was soon constructed.

In the third volume, called “Tom Swift and His Airship,” there was set down the doings of the young inventor, Mr. Sharp and Mr. Damon on a trip above the clouds. They undertook it merely for pleasure, but they encountered considerable danger, before they completed it, for they nearly fell into a blazing forest once, and were later fired at by a crowd of excited people. This last act was to effect their capture, for they were taken for a gang of bank robbers, and this was due directly to Andy Foger.

The morning after Tom and his friends started on their trip in the air, the Shopton Bank was found to have been looted of seventy-five thousand dollars. Andy Foger at once told the police that Tom Swift had taken the money, and when asked how he knew this, he said he had seen Tom hanging around the bank the night before the vault was burst open, and that the young inventor had some burglar tools in his possession. Warrants were at once sworn out for Tom and Mr. Damon, who was also accused of being one of the robbers, and a reward of five thousand dollars was offered.

Tom, Mr. Damon and Mr. Sharp sailed on, all unaware of this, and unable to account for being fired upon, until they accidentally read in the paper an account of their supposed misdeeds. They lost no time in starting back home, and on the way got on the track of the real bank robbers, who were members of the Happy Harry gang.

How the robbers were captured in an exciting raid, how Tom recovered most of the stolen money, and how he gave Andy Foger a deserved thrashing for giving a false clue was told of, and there was an account of a race in which the Red Cloud (as the airship was called) took part, as well as details of how Tom and his friends secured the reward, which Andy Foger hoped to collect.

Those of you who care to know how the Red Cloud was constructed, and how she behaved in the air, even during accidents and when struck by lightning, may learn by reading the third volume, for the airship was one of the most

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