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you about one day? Well, this is no piker's game! We're up against somethin' solidโ€”โ€”"

"I know it," and Gramont nodded. He turned to the deputies. "Gentlemen, you have my address if you wish to communicate with me. I shall be back here day after to-morrowโ€”at least, before midnight of that day. I warn you, that if anything happens to this man in the meantime, you shall be held personally responsible. He is innocent."

"Looks like we'd better hold you, too," said one of the men. "You seem to know a lot!"

Gramont looked at him a moment.

"I know enough to tell you where to head in if you try any funny work here," he said, evenly. "Gentlemen, thank you for permitting the interview! I'll see you later."

The coroner's jury had already adjudged Hammond guilty of the murder. Returning to the car, Gramont had Ben Chacherre drive to a restaurant, where they got a bite to eat. Twenty minutes later they were on their way to New Orleansโ€”and Gramont learned for the first time of Joseph Maillard's murder by the Midnight Masquer, and of the arrest of Bob Maillard for the crime.

CHAPTER XII

The Ultimatum

UPON the following morning Gramont called both Jachin Fell and Lucie Ledanois over the telephone. He acquainted them briefly with the result of his oil investigation, and arranged a meeting for ten o'clock, at Fell's office.

It was slightly before ten when Gramont called with the car for Lucie. Under the spell of her smiling eagerness, the harshness vanished from his face; it returned again a moment later, for he saw that she, too, was changed. There was above them both a cloud. That of Gramont was secret and brooding. As for Lucie, she was in mourning. The murder of Joseph Maillard, the arrest and undoubted guilt of Bob Maillard, dwarfed all else in her mind. Even the news of the oil seepage, and the fact that she was probably now on the road to wealth, appeared to make little impression upon her.

"Thank heaven," she said, earnestly, as they drove toward Canal Street, "that so far as you are concerned, Henry, the Midnight Masquer affair was all cleared up before this tragedy took place! It was fearfully imprudent of youโ€”โ€”"

"Yes," answered Gramont, soberly, reading her thought. "I can realize my own folly now. If this affair were to be laid at my door, some kind of a case might be made up against me, and it would seem plausible. But, fortunately, I was out of it in time. Were we merely characters in a standardized detective story, I suppose I'd be arrested and deluged with suspense and clues and so forth."

"Your escape was too narrow to joke over, Henry," she reproved him, gravely.

"I'm not joking, my dear Lucie. I learned nothing about the tragedy until late last night. From what I can find in the papers, it seems agreed that Bob was not the real Masquer, but had assumed that guise for a joke. A tragic joke! Since he was undoubtedly drunk at the time, his story can't be relied upon as very convincing. And yet, it's frightfully hard to believe that, even by accident, a son should have shot down his own fatherโ€”โ€”"

"Don't!" Lucie winced a little. "In spite of all the evidence against him, in spite of the way he was found with that aviation uniform, it's still awful to believe. I can't realize that it has actually happened."

"According to the papers, poor Mrs. Maillard has gone to pieces. No wonder."

"Yes. I was there with her all day yesterday, and shall go again to-day. They say Bob is terribly broken up. He sent for his mother, and she refused to see him. I don't know how it is all going to end! Do you think his story might be trueโ€”that somebody else might have acted as the Masquer that night?"

Gramont shook his head.

"It's possible," he said, reluctantly, "yet it hardly seems very probable. And now, Lucie, I'm very sorry indeed to say itโ€”but you must prepare yourself against another shock in the near future."

"What do you mean? About the oilโ€”โ€”"

"No. It's too long a story to tell you now; here we are at the Maison Blanche. Just remember my words, please. It's something that I can't go into now."

"Very well. Henry! Do you think that it's possible your chauffeur, Hammond, could have learned about the drinking party, and could haveโ€”โ€”"

Gramont started. "Hammond? No. I'll answer for him beyond any question, Lucie. By the way, does Fell know anything about Hammond having been the first Masquer?"

"Not from me," said the girl, watching him.

"Very well. Hammond got into a bit of trouble at Houma, and I had to leave him there. It was none of his fault, and he'll get out of it all right. Well, come along up to our oil meeting! Forget your troubles, and don't let my croakings about a new shock cause you any worry just yet."

He was thinking of Jachin Fell, and the girl's closeness to Fell. Had he not known that Fell was responsible for Hammond's being in jail, he might have felt differently. As it was, he was now fore-warned and fore-armed, although he could not see what animus Fell could possibly have against Hammond.

It was lucky, he reflected grimly, that he had never breathed to a soul except Lucie the fact that Hammond had been the first Masquer! Had Fell known this fact, his desire to lay Hammond by the heels might have been easily fulfilledโ€”and Hammond would probably have found himself charged with Maillard's murder.

They found Jachin Fell dictating to a stenographer. He greeted them warmly, ushering them at once into his private office.

Gramont found it difficult to convince himself that his experiences of the previous afternoon had been real. It was almost impossible to believe that this shy, apologetic little man in gray was in reality the "man higher up!" Yet he knew it to be the caseโ€”knew it beyond any escape.

"By the way," and Fell turned to Gramont, "if you'll dictate a brief statement concerning that oil seepage, I'd be obliged! Merely give the facts. I may have need of such a statement from you."

Gramont nodded and joined the stenographer in the outer office where he dictated a brief statement. It did not occur to him that there might be danger in this; at the moment, he was rather off his guard. He was thinking so much about his future assault on Fell that he quite ignored the possibility of being placed on the defensive.

Within five minutes he had returned to Lucie and Jachin Fell, who were discussing the condition of Mrs. Maillard. Gramont signed the statement and handed it to Fell, who laid it with other papers at his elbow.

"I suppose we may proceed to business?" began Fell. "I have drawn up articles of partnership; we can apply for incorporation later if we so desire. Lucie, both Henry Gramont and I are putting twenty-five thousand dollars into this company, while you are putting in your land, which I am valuing at an equal amount. The stock, therefore, will be divided equally among us. That is understood?"

"Yes. It's very good of you, Uncle Jachin," said the girl, quietly. "I'll leave everything to your judgment."

The little gray man smiled.

"Judgment is a poor horse to ride, as Eliza said when she crossed the ice. Here's everything in black and white. I suggest that you both glance over the articles, sign up, and we will then hold our first meeting."

Gramont and Lucie read over the partnership agreement, and found it perfectly correct.

"Very well, then, the meeting is called to order!" Jachin Fell smiled as he rapped on the desk before him. "Election of officersโ€”no, wait! The first thing on hand is to give our company a name. Suggestions?"

"I was thinking of that last night," said Lucie, smiling a little. "Why not call it the 'American Prince Oil Company'?" And her eyes darted to Gramont merrily.

"Excellent!" exclaimed Jachin Fell. "My vote falls with yours, my dearโ€”I'll fill in the blanks with that name. Now to the election of officers."

"I nominate Jachin Fell for president," said Gramont, quickly.

"Seconded!" exclaimed the girl, gaily, a little colour in her pale cheeks.

"Any other nominations? If not, so approved and ordered," rattled Fell, laughingly. "For the office of treasurerโ€”โ€”"

"Miss Lucie Ledanois!" said Gramont. "Move nominations be closed."

"Seconded and carried by a two-thirds vote of stockholders," chirped Fell in his toneless voice. "So approved and ordered. For secretaryโ€”โ€”"

"Our third stockholder," put in Lucie. "He'll have to be an officer, of course!"

"Seconded and carried. So approved and ordered." Mr. Fell rapped on the table. "We will now have the report of our expert geologist in further detail than yet given."

Gramont told of finding the oil; he was not carried away by the gay mock-solemnity of Jachin Fell, and he remained grave. He went on to relate how he had secured the lease option upon the adjoining land, and suggested that other such options be secured at once upon other property in the neighbourhood. He handed the option to Fell, who laid it with the other documents.

"And now I have a proposal of my own to make," said Jachin Fell. He appeared sobered, as though influenced by Gramont's manner. "Although we've actually found oil on the place, there is no means of telling how much we'll find when we drill, or what quality it will be. Is that not correct, Mr. Gramont?"

"Entirely so," assented Gramont. "The chances are, of course, that we'll find oil in both quality and quantity. On the other hand, the seepage may be all there is. Oil is a gamble from start to finish. Personally, however, I would gamble heavily on this prospect."

"Naturally," said Mr. Fell. "However, I have been talking over the oil business with a number of men actively engaged in it in the Houma field. I think that I may safely say that I can dispose of the mineral rights to our company's land, together with this lease option secured yesterday on the adjoining land, for a sum approximating one hundred and fifty thousand dollars; reserving to our company a sixteenth interest in any oil located on the property. Personally, I believe this can be done, and I am willing to undertake the negotiations if so empowered by a note of our stockholders. Lucie, you do not mind if we smoke, I know? Let me offer you a cigar, Mr. Gramont."

Gramont took one of the El Reys offered him, and lighted it amid a startled silence. Fell's proposal came to him as a distinct shock, and already he was viewing it in the light of prompt suspicion.

"Why," exclaimed Lucie, wide-eyed, "that would be fifty thousand dollars to each of us, and not a cent expended!"

"In case it went through on that basis," added Jachin Fell, his eyes on Gramont, "I would vote that the entire sum go to Miss Ledanois. Her land alone is involved. If she then wishes to invest with us in a new company to exploit other fields, well and good. One moment, my dear! Do not protest this suggestion. The sixteenth interest reserved to our company would provide both Mr. Gramont and me with a substantial reward for our slight activity in the matter. Don't forget that interest, for it might amount to a large figure."

"Right," assented Gramont. "I would second your

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