Edward, who learned to read under emergency circumstances in Santa's Book of Names (1993), reads everything now: cereal boxes, mail-order catalogs, and every book he can get his hands on, especially adventure stories. An old book about undiscovered pirate treasure that he finds in a dusty recess of his public library attracts a band of shadowy buccaneers; they materialize in Edward's bedroom one night and demand the book, believing it will guide them to their lost hoard. Edward, good library patron that he is, refuses to hand it over: ``It's checked out on my library card- -you'll have to wait till I return it.'' The pirates bluster and threaten, Edward's parents ride in for the rescue as Joan of Arc and Robin Hood, but all is resolved peacefully when Edward discovers that the pirates can't read and offers to read to them. This is a wonderful adventure on the high seas of a child's imagination, with an accomplished pen-and-ink artist showing himself equally proficient in chiaroscuro in deep-toned, textured acrylics. Edward and his large, faithful teddy are irresistible and are scheduled to return, if the book's last sentence is any indication: ``Some pirate treasure has never been found. . . .'' (Picture book. 4-8)