Did the long-dead pirate Peg Leg bury his treasure in Middleburg, Indiana? Officer Feeney seems to think so. And Bernie Magruder, whose father runs the Bessledorf Hotel in Middleburg, believes him. After all, the Middleburg River runs into the Wabash, the Wabash flows into the Ohio, the Ohio runs into the Mississippi, the Mississippi empties into the Gulf of Mexico, and the Gulf, as everyone should know, opens into the Atlantic, which is where the pirates were. Is this why a pale light bobs about in the dark of night on Bessledorf Hill? Is this why holes appear on the hill? Has the spirit of Peg Leg returned for his treasure? Or does the great-great-greatgreat-great-great-grandson of Peg Leg, who turns up at the Bessledorf Hotel with a treasure map, know more about these mysterious events than he is willing to tell? Rumors of the old pirate bring treasure hunters from everywhere, and once more Bernie and the colorful characters who form his family have a mystery on their hands.
Everyone in Middleburg wants to find out if Peg Leg the pirate really did bury his treasure somewhere in town.