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glass jars, racks of test tubes, Bunsen burners, heat-resisting crocks. A large electric arc furnace filled one corner of the modern lab. And along two walls were rows of compactly stacked shelves of chemical supplies.

      The remaining quarter of the long room was a well stocked scientific library of modern chemistry, physics and crime literature in bound volumes, in professional technical magazines, and in those privately printed abstruse brochures published by the more learned scientific societies for purposes of research. The library represented seven languages.

      There were no windows in the room, but a hidden ventilation system operating through a disused chimney in the warehouse tended to the air and chemical fumes when Professor Bendix used the laboratory. Behind a screen in a corner of the library was a couch, a dressing table, a shower and a large steel wardrobe case with a combination lock.

      Jim Doran stepped over to that wardrobe, unlocked and opened it with four deft turns of the dial.

      Inside hung an array of clothes—the rough garments of Gunner McGlone, a Chinatown character as mysterious as he was tough; the loud-checked suit of Lucky Luke Lamar, the swaggering gambler; the tuxedo and dinner clothes of Maxie Herman the Hermit, a unique Broadway figure who emerged bat-like from some undiscovered seclusion to frequent the night clubs, cabarets and expensive gambling and vice dens of Manhattan after dark.

      There, too, hung the greenish, antique frock coat, the wing-collared shirt and the baggy striped trousers of that strange, erratically brilliant scientist, Professor Paul Bendix, the owner of this underground laboratory.

      A brief smile of appreciation curved Dick Van Loan's lips as his grey eyes slid over that array of garments.

      He touched the sleeve of Maxie the Hermit's tuxedo reminiscently.

      The last time he'd worn that disguise, the Hermit had exchanged hot lead with Trigger Dwyer, now dead, across the crooked roulette table of the extinct Gold Casino Club.

      The Phantom's smile faded, shutting out the past. This was a grimmer case he was facing. The tough disguise of Gunner McGlone might prove more appropriate in combating the murderer of Lester Gimble. But right now Professor Paul Bendix was needed.

      He took down the faded, greenish frock coat and the rest of the professor's eccentric, old-fashioned clothes. From the bottom of the steel wardrobe cabinet he lifted a metal make-up box, opened it on the mirror-backed dressing table.

      Sitting before the triple mirror, with a strong electric light focusing his reflection, the Phantom's trained fingers went to work. Jim Doran disappeared, became Richard Curtis Van Loan again.

      Then the lean, tanned face of the Park Avenue clubman faded rapidly beneath the squarish, bearded features of Professor Bendix.

      Fifteen minutes later the Phantom closed and locked the steel cabinet and adjusted the worn frock coat on his padded shoulders.

      Professor Bendix was a big man physically as well as scientifically, and spoke with a slightly guttural accent. Van made a few practise gestures before the mirrors, then turned to the shelves of specialized technical books and magazines.

      For a solid hour he pored over involved treatises dealing with metallurgy and explosives. Rock Canyon Dam was supposed to have been engineered to withstand even T.N.T. and the newer picric acid explosive compounds.

      And for another hour he studied various medical journals, confining his research to articles on plastic surgery and skin grafting. Dr. Jessup's operation on Willow might not have been a matter of sheer coincidence.

      By seven o'clock he was finished, his mind a bit fagged from the strain of such continuous concentration. But his confidence was backed now by definite knowledge of the specialized and seemingly unrelated subjects he appeared to be up against.

      He let himself out of the laboratory through the heavy steel door that opened directly onto the stubby concrete dock jutting out into the East River. Van had bought and equipped this abandoned warehouse under the name of Paul Bendix, so in character he was free to come and go as he chose, without the handicap of secrecy—a stooped, hulking and harmless old gentleman steeped in abstract problems of pure science.

      He phoned Frank Havens from a booth, caught him still in the Clarion office, and identified himself with a clipped: "Jim Doran."

      "I'm going to Niagara, flying with the Champ," he said cryptically. "Dr. Bendix. But unannounced, Frank. Anything new come up?"

      Haven's voice was irritable with worry. "Yes. Mort Lewis, the radio announcer at Rock Canyon, was the last man alive off the dam. He was found partially buried in a tunnel exit, but was revived. He reports that two men wearing black robes and black hoods ran out of the bottom of the dam after the first two explosions, and were drowned in the flood. Several soldiers claim they saw two similarly robed figures walking away from the building there that was used for the radio control station. Every man in that radio station was murdered, including the guards!"

      The Phantom whistled tunelessly through clamped teeth. Havens' voice went on:

      "Somebody tried unsuccessfully to break into the ore exhibit of the Smithsonian Institute at Washington, D. C., last night. An F.B.I. man has been added to the building's regular watchmen.

      "How do you figure a connection?" Van asked. "The Smithsonian is a long jump from a revival of the Ku Klux idea in Arizona."

      "I'm not figuring," Havens' voice snapped, and the publisher added apologetically a moment later, "It's only that I know Dr. Junes visited the Smithsonian a month ago and was given a chip off a meteoric fragment on display there. He was using it, how I don't know, in his Niagara experiments with aluminum and calbite. I rather expected you'd go out to that Alleghany Penitentiary, after finding Willow had escaped."

      "There's the two choices," the Phantom explained. "Remember, Gimble was murdered evidently for information he'd got from Dr. Junes. If I can see Junes first, I might have something positive to work on from the prison angle, afterward. You'll hear from me."

      He hung up. Out on the street, he bought a late Clarion extra. The dam disaster in Arizona, the headlines screamed, was still spreading destruction through the lower valley of the enormous Federal project.

      Arizona state militia had taken charge of the paralyzed flood district, and the Federal Bureau of Investigation had a number of men on the job. But as yet nothing definite had been unearthed regarding either the mechanics of the terrific explosion, or the fiendish operators who had set off those devastating blasts.

      On a back page, crowded in with the comparatively inconsequential local news, was a short item about the shooting that afternoon in Grand Central Station. It was given out that Lester Gimble had died suddenly on his way home from the attack, with a bullet lodged in his spine, But the fact that he had actually died in the Clarion Press Building was omitted.

      The motive was given as probably robbery.

      Professor Paul Bendix left the newspaper on the counter of a diner where he ate a hurried meal, and climbed into a taxi. As the cab rolled over Queensboro Bridge toward Holmes Airport, the nearest aviation field on Long Island, the cab radio began announcing late news.

      The Phantom listened moodily to more flood reports from the Arizona area. But suddenly his eyes narrowed as a flash announcement came over the air:

      Niagara Falls, New York. Dr. Waldo Junes, noted chemical scientist conducting secret metallurgical experiments in the General Electric Research Laboratories in that city, was driven from his underground workshop late this afternoon by an explosion that demolished a portion of the laboratory and wrecked his experiment. The Doctor is at home, recovering from shock, and claims he cannot explain the cause of the blast, but will never attempt the experiment again that he was conducting, because of the danger to humanity—a danger which he also refuses to explain.

      Professor Paul Bendix leaned forward in the cab seat, his grey eyes sharp and penetrating beneath their shaggy brows.

      "Faster!" he called to the taxi driver in a terse, guttural voice. "A bonus for speed!"

      The cab spurted ahead, raced along Northern

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