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that opened on the alleyway, or, rather, just glimpse the top of the window at an angle across the room—that and a bare stretch of floor. The two men were not in the line of vision.

      Burton's voice—it was unquestionably Burton speaking—came to Jimmie Dale now distinctly.

      "No, I didn't! I tell you, I didn't! I—I hadn't the nerve."

      Jimmie Dale slipped his black silk mask over his face; and with extreme caution, on hands and knees, began to climb the stairs.

      "So!" It was old Isaac now, in a half purr, half sneer. "And I was so sure, my young friend, that you had. I was so sure that you were not such a fool. Yes; I could even have sworn that they were in your pocket now—what? It is too bad—too bad! It is not a pleasant thing to think of, that little chair up the river in its horrible little room where—"

      "For God's sake, Isaac—not that! Do you hear—not that! My God, I didn't mean to—I didn't know what I was doing!"

      Jimmie Dale crept up another step, another, and another. There was silence for a moment in the room; then Burton again, hoarse-voiced:

      "Isaac, I'll make good to you some other way. I swear I will—I swear it! If I'm caught at this I'll—I'll get fifteen years for it."

      "And which would you rather have?" Jimmie Dale could picture the oily smirk, the shrug of his shoulders, the outthrust hands, palms upward, elbows in at the hips, the fingers curved and wide apart—"fifteen years, or what you get—for murder? Eh, my friend, you have thought of that—eh? It is a very little price I ask—yes?"

      "Damn you!" Burton's voice was shrill, then dropped to a half sob. "No, no, Isaac, I didn't mean that. Only, for God's sake be merciful! It is not only the risk of the penitentiary; it's more than that. I—I tried to play white all my life, and until that cursed night there's no man living could say I haven't. You know that—you know that, Isaac. I tell you I couldn't do it this afternoon—I tell you I couldn't. I tried to and—and I couldn't."

      Jimmie Dale was lying flat on the little landing now, peering into the room. Back a short distance from the doorway, a repulsive-looking little man in unkempt clothes and soiled linen, with yellowish-skinned, parchment face, out of which small black eyes shone cunningly and shrewdly, sat at a bare deal table in a rickety chair; facing him across the table stood a young man of not more than twenty-five, clean cut, well dressed, but whose face was unnaturally white now, and whose hand, as he extended it in a pleading gesture toward the other, trembled visibly. Jimmie Dale's hand made its way quietly to his side pocket and extracted his automatic.

      Old Isaac humped his shoulders, and leered at his visitor.

      "We talk a great deal, my young friend. What is the use? A bargain is a bargain. A few rubies in exchange for your life. A few rubies and my mouth is shut. Otherwise"—he humped his shoulders again. "Well?"

      Burton drew back, swept his hand in a dazed way across his eyes—and laughed out suddenly in bitter mirth.

      "A few rubies!" he cried. "The most magnificent stones on this side of the water—a FEW rubies! It's been Maddon's life hobby. Every child in New York knows that! A few—yes, there's only a few—but those few are worth a fortune. He trusts me, the man has been like a father to me, and—"

      "So you are the very last to be suspected," observed old Isaac suavely. "Have I not told you that? There is nothing to fear. Did we not arrange everything so nicely—eh, my young friend? See, it was to-night that Maddon gives a little reception to his friends, and did you not say that the rubies would be taken from the safe-deposit vault this afternoon since his friends always clamoured to see them as a very fitting conclusion to an evening's entertainment? And did you not say that you very naturally had access to the safe in the library where you worked, and that he would not notice they were gone until he came to look for them some time this evening? I think you said all that. And what suspicion let alone proof, would attach itself to you? You were out of the room once when he, too, was absent for perhaps half an hour. It is very simple. In that half hour, some one, somehow, abstracted them. Certainly it was not you. You see how little I ask—and I pay well, do I not? And so I gave you until to-night. Three days have gone, and I have said nothing, and the body has not been found—eh? But to-night—eh—it was understood! The rubies—or the chair."

      Burton's lips moved, but it was a moment before he could speak.

      "You wouldn't dare!" he whispered thickly. "You wouldn't dare! I'd tell the story of—of what you tried to make me do, and they'd send you up for it."

      Old Isaac shrugged with pitying contempt.

      "Is it, after all, a fool I am dealing with!" he sneered. "And I—what should I say? That you had stolen the stones from your employer and offered them as a bribe to silence me, and that I had refused. The very act of handing you over to the police would prove the truth of what I said and rob you of even a chance of leniency—FOR THAT OTHER THING. Is it not so—eh? And why did I not hand you over at once three nights ago? Believe me, my young friend, I should have a very good reason ready, a dozen, if necessary, if it came to that. But we are borrowing trouble, are we not? We shall not come to that—eh?"

      For a moment it seemed to Jimmie Dale, as he watched, that Burton would hurl himself upon the other. White to the lips, the muscles of his face twitching, Burton clenched his fists and leaned over the table—and then, with sudden revulsion of emotion, he drew back once more, and once more came that choked sob:

      "You'll pay for this, Isaac—your turn will come for this!

      "I have been threatened very often," snapped the other contemptuously. "Bah, what are threats! I laugh at them—as I always will." Then, with a quick change of front, his voice a sudden snarl: "Well, we have talked enough. You have your choice. The stones or—eh? And it is to-night—NOW!"

      The old pawnbroker sprawled back in his chair, a cunning leer on his vicious face, a gleam of triumph, greed, in the beady, ratlike eyes that never wavered from the other. Burton, moisture oozing from his forehead, stood there, hesitant, staring back at old Isaac, half in a fascinated gaze, half as though trying to read some sign of weakness in the bestial countenance that confronted him. And then, very slowly, in an automatic, machine-like way, his hand groped into the inside pocket of his vest—and old Isaac cackled out in derision.

      "So! You thought you could bluff me, eh—you thought you could fool old Isaac! Bah! I read you like a book! Did I not tell you a while back that you had them in your pocket? I know your kind, my young friend; I know your kind very well indeed—it is my business. You would not have dared to come here to-night without the price. So! You took them this afternoon as we agreed. Yes, yes; you did well. You will not regret it. And now let me see them"—his voice rose eagerly—"let me see them now, my young friend."

      "Yes, I took them." Burton spoke listlessly. "God help me!"

      Old Isaac, quivering, excited, like a different creature now, sprang from his chair, and, as Burton drew a long, flat, leather case from his pocket, snatched it from the other's hand. His fingers in their rapacious haste could not at first manipulate the catch, and then finally, with the case open, he bent over the table feverishly. The light reflected back as from some living mass of crimson fire, now shading darkly, now glowing into wondrous, colourful transparency as he moved the case to and fro with jerky motions of his hands—and he was babbling, crooning to himself like one possessed.

      "Ah, the little beauties! Ah, the pretty little things! Yes, yes; these are the ones! This is the great Aracon—see, see, the six-sided prism terminated by the six-sided pyramid. But it must be cut—it must be cut to sell it, eh? Ah, it is too bad—too bad! And this, this one here, I know them all, this is—"

      But his sentence was never finished—it was Jimmie Dale, on his feet now, leaning against the jamb of the door, his automatic covering the two men at the table, who spoke.

      "Quite so, Isaac," he said coolly; "you know them all! Quite so, Isaac—but be good enough to DROP them!"

      The case fell from Isaac's hand, the flush on his cheeks died to a sickly pallor, and, his mouth half open, he stood like a man turned

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