The stranger was attired in a shabby brown suit; his dirty collar and frayed red tie were in keeping with his sombre appearance. Altogether he looked as unlike a man who habitually travels first class as anyone could possibly imagine. Dacres made his examination with assumed and well-guarded indifference, but his scrutiny was none the less minute. He had the knack of being able to read a person's character by observation, and was rarely at fault. "A truculent bounder," was his summing-up. Twenty years back he would have made a fairly tough customer in the ring. "Unless I'm much mistaken he is too fond of bending his elbow. I'd like to hear him talk: ten to one he has a South American accent." As the train tore past the Brooklands Flying Ground two large biplanes were in the act of ascending. They rose awkwardly, bobbing in the stiff breeze, then, gradually overhauling the express, passed beyond the limits of Dacres' observation. "Untameable beasts," remarked an evenly-modulated voice, and turning from the window Dacres found that the sallow-faced passenger was addressing him. The City man, deep in his paper, had paid no heed to the aeroplanes in flight. "Think so?" asked Dacres. "They seem to be making good headway, especially as they are plugging right in the eye of the wind." "While they are under control they are—well—safe," rejoined the man. "But one never knows when they take it into their heads to side slip or bank too steeply. To my mind accidents are bound to happen till a means is found of counteracting the force of gravity." "Which is only obtainable by means of hydrogen gas-bags," added Dacres. "Up to the present," agreed the stranger. "Still, one never knows. A compromise between an airship and an aeroplane, for example?" "The speed would suffer in consequence," objected Dacres. "Oh? Take the case of this mysterious airship which has been seen in various parts of the country. Her speed exceeds that of the swiftest monoplane that the country possesses." In spite of his adverse opinion of the man Dacres felt interested. He felt inclined to admit that he had made a mistake in putting him down as a South American. His accent was almost perfect; in fact, almost too faultless for an average Englishman, yet there was not the