Statue of Graybeard the Pirate                         NW     N     NE 
(-------------------------------------------------)     W <---(M)---> E
                                                        SW     S     SE

You are on a small island in the center of a pond in Privateer's Park in
Pirate's Cove.  Looking around, you can see that the only way to this island
is to swim.  Prominently displayed between a pair of small trees is a large
statue of the notorious pirate Graybeard, who later became Baron Rothchild. 
In this statue, you can see a family resemblance with the current Baron.