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that job, and you and I might as well have it as any one else."

"I'm ready," said I, as well I might be, for all I had to do in the matter was to record the adventure and take my half of the profits--no very difficult proceeding in either case.

"Good," quoth he. "I'll go to Gaffany & Co. to-morrow and offer my services."

"You have a clew?" I asked.

"I have an idea," he answered. "As for the lost diamonds, I know no more of their whereabouts than you do, but I shall be able beyond all question to restore to Gaffany & Co. two pendants just as good as those they have lost, and if I do that I am entitled to the reward, I fancy, am I not?"

"Most certainly," said I. "But where the dickens will you find two such stones? They are worth $50,000 apiece, and they must match perfectly the two remaining jewels which Gaffany & Co. have in their safe."

"I'll match 'em so closely that their own mother couldn't tell 'em apart," said Holmes, with a chuckle.

"Then the report that they are of such rarity of cut and lustre is untrue?" I asked.

"It's perfectly true," said Holmes, "but that makes no difference. The two stones that I shall return two weeks from to-day to Gaffany & Co. will be as like the two they have as they are themselves. Ta-ta, Jenkins--you can count on your half of that ten thousand as surely as though it is jingled now in your pockets."

And with that Raffles Holmes left me to my own devices.

I presume that most readers of the daily newspapers are tolerably familiar with the case of the missing pendants to which Holmes referred, and on the quest for which he was now about to embark. There may be some of you, however, who have never heard of the mysterious robbery of Gaffany & Co., by which two diamonds of almost matchless purity--half of a quartet of these stones--pear-shaped and valued at $50,000 each, had disappeared almost as if the earth had opened and swallowed them up. They were a part of the famous Gloria Diamond, found last year at Kimberley, a huge, uncut gem of such value that no single purchaser for it could be found in the world. By a syndicate arrangement Gaffany & Co. had assumed charge of it, and were in the process of making for a customer a bar with four pendants cut from the original, when two of them disappeared. They had been last seen in the hands of trusted employe of many years' standing, to whom they had been intrusted for mounting, and he had been seen to replace them, at the end of the day's work, in the little cage-like office of the custodian of the safe in which jewels of great value were kept at night. This was the last seen of them, and although five weeks had elapsed since the discovery of their loss and Holmes's decision to look into the matter, no clew of the slightest description had been discovered by the thousands of sleuths, professional or amateur, who had interested themselves in the case.

"He had such assurance!" I muttered. "To hear him talk one would almost believe that they were already in his possession."

I did not see Raffles Holmes again for five days, and then I met him only by chance, nor should I have known it was he had he not made himself known to me. I was on my way uptown, a little after six o'clock, and as I passed Gaffany's an aged man emerged from the employes' entrance, carrying a small bag in his hand. He was apparently very near-sighted, for he most unceremoniously bumped into me as he came out of the door on to the sidewalk.

Deference to age has always been a weakness of mine, and I apologized, although it was he that was at fault.

"Don't mention it, Jenkins," he whispered. "You are just the man I want to see. Cafe Panhard--to-night--eleven o'clock. Just happen in, and if a foreign-looking person with a red beard speaks to you don't throw him down, but act as if you were not annoyed by his mistake."

"You know me?" I asked.

"Tush, man--I'm Raffles Holmes!" and with that he was off.

His make-up was perfect, and as he hobbled his way along Broadway through the maze of cars, trucks, and hansoms, there was not in any part of him a hint or a suggestion that brought to mind my alert partner.

Of course my excitement was intense. I could hardly wait for eleven o'clock to come, and at 9.30 I found myself in front of the Cafe Panhard a full hour and a half ahead of time, and never were there more minutes in that period of waiting than there seemed to be then as I paced Broadway until the appointed hour. It seemed ages before the clock down in front of the Whirald Building pointed to 10.55, but at last the moment arrived, and I entered the cafe, taking one of the little tables in the farther corner, where the light was not unduly strong and where the turmoil of the Hungarian band was reduced by distance from moltofortissimo to a moderate approach to a pianissimo, which would admit of conversation. Again I had to wait, but not for so long a time. It was twenty minutes past eleven when a fine-looking man of military bearing, wearing a full red beard, entered, and after looking the cafe over, sauntered up to where I sat.

"Good-evening, Mr. Jenkins," said he, with a slight foreign accent. "Are you alone?"

"Yes," said I.

"If you don't mind, I should like to sit here for a few moments," he observed, pulling out the chair opposite me. "I have your permission?"

"Certainly, Mr.--er--"

"Robinstein is my name," said he, sitting down, and producing a letter from his pocket. "I have here a not from my old friend Raffles Holmes--a note of introduction to you. I am a manufacturer of paste jewels--or rather was. I have had one or two misfortunes in my business, and find myself here in America practically stranded."

"Your place of business was--"

"In the Rue de l'Echelle in Paris," he explained. "I lost everything in unfortunate speculation, and have come here to see if I could not get a new start. Mr. Holmes thinks you can use your influence with Markoo & Co., the theatrical costumers, who, I believe, manufacture themselves all the stage jewelry they use in their business, to give me something to do. It was said in Paris that the gems which I made were of such quality that they would deceive, for a time anyhow, the most expert lapidaries, and if I can only get an opening with Markoo & Co. I am quite confident that you will not repent having exerted your good offices in my behalf."

"Why, certainly, Mr. Robinstein," said I. "Any friend of Raffles Holmes may command my services. I know Tommy Markoo very well, and as this is a pretty busy time with him, getting his stuff out for the fall productions, I have little doubt I shall be able to help you. By Jove!" I added, as I glanced over the cafe, "that's a singular coincidence--there is Markoo himself just coming in the doorway."

"Really?" said Mr. Robinstein, turning and gazing towards the door. "He's a different-looking chap from what I had imagined. Perhaps, Mr. Jenkins, it would--er--expedite matters if you--"

"Of course," I interrupted. "Tommy is alone--we'll have him over."

And I beckoned to Markoo and invited him to join us.

"Good!" said he, in his whole-souled way. "Glad to have a chance to see you--I'm so confoundedly busy these days--just think of it, I've been at the shop ever since eight o'clock this morning."

"Tommy, I want to introduce you to my friend Mr. Robinstein," said I.

"Not Isidore Robinstein, of Paris?" said Markoo.

"I have that misfortune, Mr. Markoo," said Robinstein.

"Misfortune? Gad, Mr. Robinstein, we look at things through different glasses," returned Markoo. "The man who can do your work ought never to suffer misfortune--"

"If he only stays out of the stock-market," said Robinstein.

"Aha," laughed Tommy. "Et tu, Brute?"

We all laughed, and if there was any ice to be broken after that it was along the line of business of the cafe. We got along famously together, and when we parted company, two hours later, all the necessary arrangements had been made for Mr. Robinstein to begin at once with Markoo--the following day, in fact.

Four nights later Holmes turned up at my apartment.

"Well," said I, "have you come to report progress?"

"Yes," he said. "The reward will arrive on time, but it's been the de'il's own job. Pretty, aren't they!" he added, taking a small package wrapped in tissue-paper out of his pocket, and disclosing its contents.

"Gee-rusalem, what beauties!" I cried, as my eyes fell on two such diamonds as I had never before seen. They sparkled on the paper like bits of sunshine, and that their value was quite $100,000 it did not take one like myself, who knew little of gems, to see at a glance. "You have found them, have you?"

"Found what?" asked Raffles Holmes.

"The missing pendants," said I.

"Well--not exactly," said Raffles Holmes. "I think I'm on the track of them, though. There's an old chap who works beside me down at Gaffany's who spends so much of his time drinking ice-water that I'm getting to be suspicious of him."

I roared with laughter.

"The ice-water habit is evidence of a criminal nature, eh?" I queried.

"Not per se," said Holmes, gravely, "but in conjunctibus--if my Latin is weak, please correct me--it is a very suspicious habit. When I see a man drink ten glasses of water in two hours it indicates to my mind that there is something in the water-cooler that takes his mind off his business. It is not likely to be either the ice or the water, on the doctrine of probabilities. Hence it must be something else. I caught him yesterday with his hand in it."

"His hand? In the water-cooler?" I demanded.

"Yes," said Holmes. "He said he was fishing around for a little piece of ice to cool his head, which ached, but I think differently. He got as pale as a ghost when I started in to fish for a piece for myself because my head ached too. I think he took the diamonds and has hid them there, but I'm not sure yet, and in my business I can't afford to make mistakes. If my suspicions are correct, he is merely awaiting his opportunity to fish them out and light out with them."

"Then these," I said, "are--are they paste?"

"No, indeed, they're the real thing," said Raffles Holmes, holding up one of the gems to the light, where it fairly coruscated with brilliance. "These are the other two of the original quartet."

"Great Heavens, Holmes--do you mean to say that Gaffany & Co. permit you to go about with things like this in your pocket?" I demanded.

"Not they," laughed Holmes. "They'd have a fit if they knew I had 'em, only they don't know it."

"But how have you concealed the fact from them?" I persisted.

"Robinstein made me a pair exactly like them," said Holmes. "The paste ones are now lying in the Gaffany safe, where I saw them placed before leaving the shop to-night."

"You're
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