because he's got a military appearance! And I shouldn't be surprised to hear that they'd arrested every fellow in the Guards' Club!

"Here's the thing, though: they've all got clean away! With about forty thousand pounds' worth of jewellery! It's a preposterous sort of thing, isn't it?"

Sheard agreed that it was the most preposterous sort of thing imaginable; and, leaving his excited acquaintance, he set out to seek further particulars. But very few were forthcoming.

As to the manner in which the clique had obtained admission, that called for little explanation. They had simply presented themselves, armed with invitations, singly and in small parties, whilst dancing was in progress, and in a house open to such mixed society had been admitted without arousing suspicion. There was little that was obscure or inexplicable in the coup; it was an amazing display of force majeure, an act of stark audacity. It pointed to the existence in London of a hitherto unsuspected genius. Such was Sheard's opinion.

From an American guest, who had kept perfectly cool during the "hold-up," and had quietly taken stock of the robbers, he learnt that, exclusive of the spokesman, they numbered exactly thirty; were much of a similar build, being well-set-up men of military bearing; and, most extraordinary circumstance, were facially all alike!

"Gee! but it's a fact!" declared his informant. "They all had moderate fair hair, worn short and parted left-centre, neat blonde moustaches, and fresh complexions, and the whole thirty were like as beans!"

Two other interesting facts Sheard elicited from Adeler, who wore a white bandage about his damaged skull. The whole of the guests victimised were compatriots of their host.

"It is from those who are of my nation that they have taken all their booty," he said, smiling. "This daring robber has evidently strong racial prejudices! Then, each of the victims had received, during the past month threatening letters demanding money for various charities. These letters did not emanate from the institutions named, but were anonymous appeals. The point seems worth notice."

And so, armed with the usual police assurance that several sensational arrests might be expected in the morning, Sheard departed with this enthralling copy hot for the machines that had been stopped to take it.

When, thoroughly tired, he again quitted 

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