The chapter "The Voice Among the Trees" marks a psychological and physical turning point in the hunt for Captain Flint’s buried fortune. The expedition, already "exhausted and rattled," finds their morale shattered by a chilling encounter. As they discuss the late, "vicious" Flint, a spectral voice emerges from the woods, singing the iconic pirate song, "Fifteen men on a dead man's chest." The men are "instantly in terror," convinced that Flint has returned from the grave. This supernatural dread is only quelled by Long John Silver’s pragmatism. He notes that "ghosts don't have echoes," deducing that the voice belongs to someone "made of flesh and blood." The realization that it might be Ben Gunn—a man they do not fear—allows the crew to regain their composure and continue the climb, though the tension remains palpable.
Upon reaching the destination, the men’s anticipation turns to "a rage." They discover a "great hole" that has been long abandoned, containing only "bits of packing crate from the Walrus" and a single coin. The 700,000 pounds of treasure are gone. This revelation instantly transforms the group's dynamic. George Merry, the primary agitator, turns on Silver, calling him a "wooden-legged fool" and accusing him of knowing the treasure was gone all along.
In a masterstroke of self-preservation, Silver switches sides once more. He hands a pistol to the protagonist, Hawkins, effectively forming an alliance against his former crew. As the mutineers prepare to attack, "shots rang out," and Silver decisively eliminates George Merry, shouting, "I reckon I settled you, George." This sudden intervention by the doctor, Gray, and Ben Gunn effectively ends the mutiny.
Following the skirmish, the narrative clarifies how the treasure vanished. Ben Gunn, during his "year-long wanderings," had discovered the skeleton and the buried gold, moving it to his cave months before the expedition arrived. The doctor reveals that he had obtained this "confession" from Ben and subsequently traded the useless map to Silver to ensure safety and supplies.
It is also revealed that the chilling voice in the trees was none other than Ben Gunn, who "remembered his shipmates' superstitions" and used them to his advantage to frighten the crew and delay their progress. This clever ruse provided the necessary time for the doctor’s party to intercept the mutineers.
The story concludes at Ben Gunn’s cave, where the party reunites with the squire and the rest of the crew. They find "great heaps of gold and treasure" piled up, a stark reminder of the cost of their journey. The doctor reflects on the grim reality that "so many had died to find it, and so many had died to claim it," noting that "ships and bodies lay at the bottom of the sea" because of this greed.
In the final moments, the tension dissipates into a shared meal. Silver, ever the chameleon, returns to his persona as the "helpful, quiet and courteous" seaman. The protagonists, exhausted by the violence and the weight of their discovery, contemplate a future far removed from the sea, closing the chapter on their harrowing hunt for Flint’s gold.