He's dead; there's nothing to it but that--he's dead. I'd bet a year's salary on it."

"Another good man gone wrong, then," said Jimmie Dale capriciously. "I suppose, though, that at least you discovered the 'woman in the case'?"

Carruthers looked up quickly, a little startled; then laughed shortly. "What's the matter?" inquired Jimmie Dale.

"Nothing," said Carruthers. "You kind of got me for a moment, that's all. That's the way those infernal notes from the Gray Seal used to end up: 'Find the lady, old chap; and you'll get me.' He had a damned patronising familiarity that would make you squirm."

"Poor old Carruthers!" grinned Jimmie Dale. "You did take it to heart, didn't you?"

"I'd have sold my soul to get him--and so would you, if you had been in my boots," said Carruthers, biting nervously at the end of his cigar.

"And been sorry for it afterward," supplied Jimmie Dale.

"Yes, by Jove, you're right!" admitted Carruthers, "I suppose I should. I actually got to love the fellow--it was the GAME, really, that I wanted to beat."

"Well, and how about this woman? Keep on the straight and narrow path, old man," prodded Jimmie Dale.

"The woman?" Carruthers smiled. "Nothing doing! I don't believe there was one--he wouldn't have been likely to egg the police and reporters on to finding her if there had been, would he? It was a blind, of course. He worked alone, absolutely alone. That's the secret of his success, according to my way of thinking. There was never so much as an indication that he had had an accomplice in anything he ever did."

Jimmie Dale's eyes travelled around the club's homelike, perfectly appointed room. He nodded to a fellow member here and there, then his eyes rested musingly on his guest again.

Carruthers was staring thoughtfully at his coffee cup.

"He was the prince of crooks and the father of originality," announced Carruthers abruptly, following the pause that had ensued. "Half the time there wasn't any more getting at the motive for the curious things he did, than there was getting at the Gray Seal himself."

"Carruthers," said Jimmy Dale, with a quick little nod of approval, "you're positively interesting to-night. But, so far, you've been kind of 

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