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across the table.

"There's rakeoff for week before last," he announced. "Last week will be the big business, judgin' from early reports."

Chacherre pocketed the envelopes, lighted a cigarette, and leaned forward.

"Say, Izzy! You got to send a new man down to the Bayou Latouche right away. Lafarge was there, you know; a nigger shot him yesterday. The nigger threatened to squeal unless he got his money back—Lafarge was a fool and didn't know how to handle him. The lottery's goin' to get a bad name around there——"

Gumberts snapped his fingers. "Let it!" he said, calmly. "The big money from all that section is Chinese and Filipino, my friend. The niggers don't matter."

"Well, the boss says to shoot a new man down there. Also, he says, you'd better watch out about spreadin' the lottery into Texas and Alabama, account of the government rules."

The heavy features of Gumberts closed in a scowl.

"You tell your boss," he said, "that when it comes to steerin' clear of federal men, I don't want no instructions from nobody! We got every man in this state spotted. Every one that can be fixed is fixed—and that goes for the legislators and politicians clear up the line! Tell your boss to handle the local gov'ment as well as I handle other things, and he'll do all that's necessary. What he'd ought to attend to, for one thing, is this here guy who calls himself the Midnight Masquer. I've told him before that this guy was playing hell with my system! This Masquer gets no protection, see? The quicker Fell goes after him, the better for all concerned——"

Chacherre laughed, not without a swagger.

"We've attended to all that, Izzy—we've dropped on him and settled him! The guy was doin' it for a carnival joke, that's all. His loot is all goin' back to the owners to-day. It needn't worry you, anyhow! There was nothin' much to it—jewellery that couldn't be disposed of, for the most part. We couldn't take chances on that sort o' junk."

"I should say not." Gumbert regarded him with a scowl. "You've got the stuff?"

"The boss has. Look here, Izzy, I want you to use a little influence with headquarters on this deal—the boss doesn't want to show his hand there," and leaning forward, Ben Chacherre spoke in a low tone. Then, Gumberts heard him out, chuckled, and nodded assent.

At two that afternoon Henry Gramont, who was writing letters in total disregard of the carnival parade downtown, was summoned to the telephone. He was greeted by a voice which he did not recognize, but which announced itself promptly.

"This is Mr. Gramont? Police headquarters speakin'. You laid a charge this morning against a fellow named Chacherre?"

"Yes," answered Gramont.

"Must ha' been some mistake, then," came the response. "We thought the prints fitted, but found later they didn't. We looked up the Chacherre guy and found he was workin' steady and strictly O. K. What's more to the point, he proved up a dead sure alibi for the other night."

"Oh!" said Gramont. "Then there's nothing to be done?"

"Not yet. We're workin' on it, and maybe we'll have some news later. Good-bye."

Gramont hung up the receiver, a puzzled frown creasing his brow. But, after a minute, he laughed softly—a trace of anger in the laugh.

"Ah!" he murmured. "I congratulate you on your efficiency, Mr. Fell! But now wait a little—and we'll meet again. I think I'm getting somewhere at last, and I'll have a surprise for you one of these days!"

CHAPTER VII

In The Open

IN NEW ORLEANS the carnival season is always opened by the ball of the Twelfth Night Revellers soon after Christmas, and is closed by that of the Krewe of Comus on Mardi Gras night. Upon this evening of "Fat Tuesday," indeed, both Rex and Comus hold forth. Rex is the popular ball, the affair of the people, and is held in the Athenaeum. From here, about midnight, the king and queen proceed to Comus ball.

Comus is an assembly of such rigid exclusiveness that even the tickets to the galleries are considered social prizes. The personae of the Krewe, on this particular year as in all previous ones, would remain unknown; there is no unmasking at Comus. This institution, a tremendous social power and potentially a financial power also, during decades of the city's life, is held absolutely above any taint of favouritism or commercialism. Even the families of those concerned might not always be certain whether their sons and brothers belonged to the Krewe of Comus.

Henry Gramont did not attend the ball of Proteus on Monday night. Instead, he sat in his own room, while through the streets of the French quarter outside was raging the carnival at its height. Before him were maps and reports upon the gas and oil fields about Bayou Terrebonne—fields where great domes of natural gas were already located and in use, and where oil was being found in some quantity. Early on Wednesday morning Gramont intended to set forth to his work. He had been engaged to make a report to Bob Maillard's company, and he would make it. Then he would resign his advisory job, and be free. A smile curled his lips as he thought of young Maillard and the company.

"The young gentleman will be sadly surprised to discover that I've gotten out from under—and that his respected father holds my stock!" he reflected. "That was a good deal; I lost a thousand to old Maillard in order to save the balance of thirty thousand!"

A knock at his door interrupted the thread of this thought. Gramont opened, to find the concierge with a note which had been left at the door below by a masked Harlequin, who had then disappeared without awaiting any reply.

Gramont recognized the writing on the envelope, and hastened to the note inside. His face changed, however, as he read it:

Please call promptly at eleven to-morrow morning. I wish to see you upon a matter of business.

Lucie Ledanois.

Gramont gazed long at this note, his brows drawn down into a harsh line. It was not like Lucie in its tone, somehow; he sensed something amiss, something vaguely but most decidedly out of tune. Certainly it was not her way to write thus curtly and harshly—the words disquieted him. What could have turned up now? Then, with a shrug, he tossed the note on the table.

"Eleven to-morrow morning, eh?" he murmured. "That's queer, too, for she's to be at the Proteus ball to-night. Most girls would not be conducting business affairs at eleven in the morning, after being up all night at Proteus! It must be something important. Besides, she's not in the class with any one else. She's a rare girl; no nonsense in her—full of a deep, strong sense of things——"

He forced himself from thoughts of Lucie, forced himself from her personality, and returned to his reports with an effort of concentration.

Gramont wanted to look over her Terrebonne land with a full knowledge of its geology and situation. Oil drilling is a gamble in any case, yet Gramont took a scholar's solid satisfaction in getting his subject thoroughly in hand before he went to work at it. Then, he reflected, he would get his task finished as rapidly as might be, turn in his report, and resign from the company. After that—freedom! He regretted sadly enough that he had ever gone into any relations with Maillard's company.

"Yet, what's to hinder my going ahead, in the meantime?" he considered. "What's to hinder getting my own company on its feet? Nothing! All I need is backing. I'll put in twenty-five thousand, and that much more added to it will give us plenty of capital to start in drilling with. If I could find someone who had a positive faith in my judgment and whom I could trust in turn——"

He checked himself suddenly, and stared at the papers before him with widening eyes. A slow whistle came from his lips, and then he smiled and pulled the papers to him. Yet, as he worked he could not keep down the thought that had forced itself upon him. It was altogether absurd, of course—yet why not?

When Gramont went to bed that night it was with a startling and audacious scheme well defined in his brain; a scheme whose first conception seemed ludicrous and impossible, yet which, on second consideration, appeared in a very different light. It deserved serious thought—and Gramont had made his decision before he went to sleep.

The following day was Tuesday—Mardi Gras, Shrove Tuesday, the last day before Lent began, and the final culminating day of carnival. Henry Gramont, however, was destined to find little in its beginning of much personal pleasure.

At eleven in the morning Hammond drove him to the Ledanois home, where Gramont was admitted by one of the coloured servants and shown into the parlour. A moment later Lucie herself appeared. At first glance her smiling greeting removed the half-sensed apprehensions of Gramont. Almost immediately afterward, however, he noted a perceptible change in her manner, as she led him toward the rear of the room, and gestured toward a mahogany tilt-top table which stood in a corner.

"Come over here, please. I have something which I wish to show you."

She needed to say no more. Gramont, following her, found himself staring blankly down at the symbol of consternation which overwhelmed him. For upon that table, lay all those self-same boxes which he himself had packed with the loot of the Midnight Masquer—the identical boxes, apparently unopened, which had been stolen from his automobile by the supposed thief Chacherre!

For a moment Gramont found himself unable to speak. He was thunderstruck by the sight of those unmistakeable boxes. A glance at the calm features of the girl showed him that there was nothing to be concealed from her, even had he wished it. He was further stunned by this realization. He could not understand how the packages had come here. Recovering his voice with an effort, he managed to break the heavy silence.

"Well? I suppose you know what is in those parcels?"

She nodded. "Yes. One of them was opened, and the note inside was discovered. Of course, it gave a general explanation. Will you sit down, please? I think that we had better talk it over quietly and calmly."

Gramont obeyed, and dropped into a chair.

He was absurdly conscious of his own confusion. He tried to speak, but words and thoughts failed him. Torn between pride and chagrin, he found himself able to say nothing. Explanations, at any time, came to him with difficulty; now, at least, he felt that he could not lie to this girl. And how was he to tell her the truth?

And how had Lucie come into the affair? This staggered him above all else. Was she behind the theft of the loot? It must be. How long had she suspected him, then? He had thought Jachin Fell the sole danger-point—he had never dreamed that this gray-eyed Athene could be tracing down the Masquer! He tried to visualize the situation more clearly and his brain whirled. He knew, of course, that she was fairly intimate with Fell, but he was not aware of any particular connection——

He glanced up at her suddenly, and surprised a glint of laughter in her eyes as she watched him.

"You seem to be rather astonished," she observed.

"I am." Gramont drew a deep breath. "You—do you know that those boxes

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