presently everyone within sight and earshot. It is conceivable, and even probable, that Beaton did not understand what he was doing till he had done it; it was only when he saw the watch and chain in his own hand that understanding really came. He knew he was a thief; and the first instinct of a thief was born within him, the instinct of self-preservation. In a moment all his energies were centered in an attempt to escape. He rushed across the path, vaulted over the railing, tore across the grass as fast as his feet could carry him, with the chase at his heels. The old gentleman could not do much in the way of chasing, but seemingly his companion could, and there, were others who joined him who plainly were still capable of running after such a quarry. Swift-footed though he knew himself to be, before he had taken many steps Sydney knew that he would owe not a little to fortune if he escaped scot free. His impulse was to hurl from him the incriminating watch and chain, but that was an impulse to which he did not yield. It would do him no good; everyone would see him throw it, just as everyone had seen him take it. The watch would certainly be damaged, perhaps ruined; there would be nothing gained by treating it in such brutal fashion. So he crammed it into his jacket pocket, and set himself to move yet faster. The victim's companion was uncomfortably close behind him. It was plain that he would have to reckon with more pursuers than one. People were coming towards him from all sides, even from the front. A crowd was gathering, all bent on capturing him. He saw a keeper hurrying down the path which bounded the stretch of grass which he was crossing, possibly the keeper who had already accosted him. A constable was advancing from the other side. If he shook off the amateur thief-catchers, he would have to reckon with them. The pair would probably be more than a match for him, but he would not be taken if he could help it. That would be indeed the end. As he neared the opposite railing three or four persons were already there to meet him, others were rapidly approaching, including the keeper and the constable. He swerved to one side, ran rapidly along the railing, vaulted over it a dozen yards lower down, alighting within a few feet of the constable. That official halted, seeming to take it for granted that the criminal had delivered himself into his hands. He was premature. Nothing was farther from his intention. Sydney charged right at him, as he had learnt to do in his old days of Rugby football. The policeman, taken unawares, went over like a ninepin; he made a vain grab at the other's legs as he fell. Sydney sped triumphantly on. But, although