yed him sharply.

"You mean that the treaty----"

"Is in the hands of Mr. Brown, sir."

"Ah!" said Mr. Carter quietly. The expression on his face did not
change, but Tommy caught the flicker of despair in his eyes. It
convinced him as nothing else had done that the outlook was hopeless.

"Well," said Mr. Carter after a minute or two, "we mustn't sag at the
knees, I suppose. I'm glad to know definitely. We must do what we can."

Through Tommy's mind flashed the assurance: "It's hopeless, and he knows
it's hopeless!"

The other looked up at him.

"Don't take it to heart, lad," he said kindly. "You did your best. You
were up against one of the biggest brains of the century. And you came
very near success. Remember that."

"Thank you, sir. It's awfully decent of you."

"I blame myself. I have been blaming myself ever since I heard this
other news."

Something in his tone attracted Tommy's attention. A new fear gripped at
his heart.

"Is there--something more, sir?"

"I'm afraid so," said Mr. Carter gravely. He stretched out his hand to a
sheet on the table.

"Tuppence----?" faltered Tommy.

"Read for yourself."

The typewritten words danced before his eyes. The description of a green
toque, a coat with a handkerchief in the pocket marked P.L.C. He looked
an agonized question at Mr. Carter. The latter replied to it:

"Washed up on the Yorkshire coast--near Ebury. I'm afraid--it looks very
much like foul play."

"My God!" gasped Tommy. "TUPPENCE! Those devils--I'll never rest till
I've got even with them! I'll hunt them down! I'll----"

The pity on Mr. Carter's face stopped him.

"I know what you feel like, my poor boy. But it's no good. You'll waste
your strength uselessly. It may sound harsh, but my advice to you is:
Cut your losses. Time's merciful. You'll forget."

"Forget Tuppence? Never!"

Mr. Carter shook his head.

"So you think now. Well, it won't bear thinking of--that brave little
girl! I'm sorry about the whole business--confoundedly sorry."

Tommy came to himself with a start.

"I'm taking up your time, sir," he said with an effort. "There's no need
for you to blame yourself. I dare say we were a couple of young fools to
take on such a job. You warned us all right. But I wish to God I'd been
the one to get it in the neck. Good-bye, sir."

Back at the Ritz, Tommy packed up his few belongings mechanically,
his thoughts far away. He was still bewildered by the introduction of
traged