Despite the heavy clumsiness of her lines, the Aorai handled easily in the light breeze, and her captain ran her well in before he hove to just outside the suck of the surf.The atoll of Hikueru lay low on the water, a circle of pounded coral sand a hundred yards wide, twenty miles in circumference, and from three to five feet above high-water mark.On the bottom of the huge and glassy lagoon was much pearl shell, and from the deck of the schooner, across the slender ring of the atoll, the divers could be seen at work.But the lagoon had no entrance for even a trading schooner.With a favoring breeze cutters could win in through the tortuous and shallow channel, but the schooners lay off and on outside and sent in their small boats.

The Aorai swung out a boat smartly, into which sprang half a dozen brown-skinned sailors clad only in scarlet loincloths.They took the oars, while in the stern sheets, at the steering sweep, stood a young man garbed in the tropic white that marks the European.The golden strain of Polynesia betrayed itself in the sun-gilt of his fair skin and cast up golden sheens and lights through the glimmering blue of his eyes.Raoul he was, Alexandre Raoul, youngest son of Marie Raoul, the wealthy quarter-caste, who owned and managed half a dozen trading schooners similar to the Aorai.Across an eddy just outside the entrance, and in and through and over a boiling tide-rip, the boat fought its way to the mirrored calm of the lagoon.Young Raoul leaped out upon the white sand and shook hands with a tall native.The man's chest and shoulders were magnificent, but the stump of a right arm, beyond the flesh of which the age-whitened bone projected several inches, attested the encounter with a shark that had put an end to his diving days and made him a fawner and an intriguer for small favors.

"Have you heard, Alec?" were his first words."Mapuhi has found a pearl--such a pearl.Never was there one like it ever fished up in Hikueru, nor in all the Paumotus, nor in all the world.Buy it from him.He has it now.And remember that I told you first.He is a fool and you can get it cheap.Have you any tobacco?"Straight up the beach to a shack under a pandanus tree Raoul headed.He was his mother's supercargo, and his business was to comb all the Paumotus for the wealth of copra, shell, and pearls that they yielded up.

He was a young supercargo, it was his second voyage in such capacity, and he suffered much secret worry from his lack of experience in pricing pearls.But when Mapuhi exposed the pearl to his sight he managed to suppress the startle it gave him, and to maintain a careless, commercial expression on his face.For the pearl had struck him a blow.It was large as a pigeon egg, a perfect sphere, of a whiteness that reflected opalescent lights from all colors about it.It was alive.Never had he seen anything like it.When Mapuhi dropped it into his hand he was surprised by the weight of it.That showed that it was a good pearl.He examined it closely, through a pocket magnifying glass.It was without flaw or blemish.The purity of it seemed almost to melt into the atmosphere out of his hand.In the shade it was softly luminous, gleaming like a tender moon.So translucently white was it, that when he dropped it into a glass of water he had difficulty in finding it.So straight and swiftly had it sunk to the bottom that he knew its weight was excellent.

"Well, what do you want for it?" he asked, with a fine assumption of nonchalance.

"I want--" Mapuhi began, and behind him, framing his own dark face, the dark faces of two women and a girl nodded concurrence in what he wanted.Their heads were bent forward, they were animated by a suppressed eagerness, their eyes flashed avariciously.

"I want a house," Mapuhi went on."It must have a roof of galvanized iron and an octagon-drop-clock.It must be six fathoms long with a porch all around.A big room must be in the centre, with a round table in the middle of it and the octagon-drop-clock on the wall.There must be four bedrooms, two on each side of the big room, and in each bedroom must be an iron bed, two chairs, and a washstand.And back of the house must be a kitchen, a good kitchen, with pots and pans and a stove.And you must build the house on my island, which is Fakarava.""Is that all?" Raoul asked incredulously.

"There must be a sewing machine," spoke up Tefara, Mapuhi's wife.

"Not forgetting the octagon-drop-clock," added Nauri, Mapuhi's mother.

"Yes, that is all," said Mapuhi.

Young Raoul laughed.He laughed long and heartily.But while he laughed he secretly performed problems in mental arithmetic.He had never built a house in his life, and his notions concerning house building were hazy.While he laughed, he calculated the cost of the voyage to Tahiti for materials, of the materials themselves, of the voyage back again to Fakarava, and the cost of landing the materials and of building the house.It would come to four thousand French dollars, allowing a margin for safety--four thousand French dollars were equivalent to twenty thousad francs.It was impossible.How was he to know the value of such a pearl? Twenty thousand francs was a lot of money--and of his mother's money at that.

"Mapuhi," he said, "you are a big fool.Set a money price."But Mapuhi shook his head, and the three heads behind him shook with his.

"I want the house," he said."It must be six fathoms long with a porch all around--""Yes, yes," Raoul interrupted."I know all about your house, but it won't do.I'll give you a thousand Chili dollars."The four heads chorused a silent negative."And a hundred Chili dollars in trade.""I want the house," Mapuhi began.

"What good will the house do you?" Raoul demanded."The first hurricane that comes along will wash it away.You ought to know.