himself as the head of the Russian-American Importing and Exporting Company, with headquarters at Port Arthur,—a city leased to the Russians by China, and located at the extreme southern part of the Liao-tung Peninsula of Manchuria. Snokoff could speak English fairly well, and he was one of the smoothest talkers possible to imagine. He said he had many relatives in the United States, and loved to do business with the Yankees because they were so straightforward and honest. “I lof not the Germans or the Englees,” said Ivan Snokoff. “It is them who are too sharp for the poor Russian, yes. Ivan Snokoff will trade with his friend Pennington, yes—then he will be safe,” and he nearly crushed Gilbert’s fingers with the warmth of his grasp. Gilbert was too easy-going to see through such a wily schemer as Ivan Snokoff. He took the Russian’s words in good faith, and a mere statement from several others that Snokoff undoubtedly had money was accepted without question. He also learned that a certain Captain Barusky had a share in the Russian company, and that the Baruskys were wealthy. [Pg 7] [Pg 7] The first consignment of goods had amounted to four hundred dollars and the second to twelve hundred dollars. Both consignments had been paid for promptly, and Gilbert and the others connected with the Richmond Company had congratulated themselves on having acquired such a customer at Port Arthur, which was rather a hard city in which to sell American goods. Then came the five-thousand-dollar order. “I have a great chance to make much money, yes,” said Ivan Snokoff. “Send the goods quickly, and I will discount the whole bill. Do not delay, no—or my rival will get the order instead of me.” And the goods were shipped as quickly as possible, Gilbert sending the order by cablegram. Ivan Snokoff was truly delighted and spoke enthusiastically of his profits. But the settlement was delayed from time to time, and then suddenly the Russian disappeared, the offices were closed up, and it slowly dawned upon Gilbert and the Company that they had been led into a trap and swindled. At first the young American knew not what to do. He was in a foreign country, and his Russian rivals had never wanted him to do business there. Not one of them was willing to give him any information concerning Snokoff or his connections, and at the bank it was stated that the rascal had closed his[Pg 8] account and not