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upon the mantelpiece. It was not tied. It was not sealed. It flew open from the force of the impact. And the diamond ring that cost £95, the necklet for £200, and my flaming star at another £100, all three lay safe and snug in the jeweller’s own cotton-wool!

“Duplicate boxes!” I cried.

“Duplicate boxes, my brainy Bunny. One was already packed and weighted, and in my pocket. I don’t know whether you noticed me weighing the three things together in my hand? I know that neither of you saw me change the boxes, for I did it when I was nearest buying the bee-brooch at the end, and you were too puzzled, and the other Johnny too keen. It was the cheapest shot in the game; the dear ones were sending old Theobald to Southampton on a fool’s errand yesterday afternoon, and showing one’s own nose down Regent Street in broad daylight while he was gone; but some things are worth paying for, and certain risks one must always take. Nice boxes, aren’t they? I only wished they contained a better cigarette; but a notorious brand was essential; a box of Sullivans would have brought me to life tomorrow.”

“But they oughtn’t to open it tomorrow.”

“Nor will they, as a matter of fact. Meanwhile, Bunny, I may call upon you to dispose of the boodle.”

“I’m on for any mortal thing!”

My voice rang true, I swear, but it was the way of Raffles to take the evidence of as many senses as possible. I felt the cold steel of his eyes through mine and through my brain. But what he saw seemed to satisfy him no less than what he heard, for his hand found my hand, and pressed it with a fervor foreign to the man.

“I know you are, and I knew you would be. Only remember, Bunny, it’s my turn next to pay the shot!”

You shall hear how he paid it when the time came.

A Jubilee Present

The Room of Gold, in the British Museum, is probably well enough known to the inquiring alien and the travelled American. A true Londoner, however, I myself had never heard of it until Raffles casually proposed a raid.

“The older I grow, Bunny, the less I think of your so-called precious stones. When did they ever bring in half their market value in £ s. d.? There was the first little crib we ever cracked together⁠—you with your innocent eyes shut. A thousand pounds that stuff was worth; but how many hundreds did it actually fetch. The Ardagh emeralds weren’t much better; old Lady Melrose’s necklace was far worse; but that little lot the other night has about finished me. A cool hundred for goods priced well over four; and £35 to come off for bait, since we only got a tenner for the ring I bought and paid for like an ass. I’ll be shot if I ever touch a diamond again! Not if it was the Koh-i-noor; those few whacking stones are too well known, and to cut them up is to decrease their value by arithmetical retrogression. Besides, that brings you up against the Fence once more, and I’m done with the beggars for good and all. You talk about your editors and publishers, you literary swine. Barabbas was neither a robber nor a publisher, but a six-barred, barbed-wired, spike-topped Fence. What we really want is an Incorporated Society of Thieves, with some public-spirited old forger to run it for us on business lines.”

Raffles uttered these blasphemies under his breath, not, I am afraid, out of any respect for my one redeeming profession, but because we were taking a midnight airing on the roof, after a whole day of June in the little flat below. The stars shone overhead, the lights of London underneath, and between the lips of Raffles a cigarette of the old and only brand. I had sent in secret for a box of the best; the boon had arrived that night; and the foregoing speech was the first result. I could afford to ignore the insolent asides, however, where the apparent contention was so manifestly unsound.

“And how are you going to get rid of your gold?” said I, pertinently.

“Nothing easier, my dear rabbit.”

“Is your Room of Gold a roomful of sovereigns?”

Raffles laughed softly at my scorn.

“No, Bunny, it’s principally in the shape of archaic ornaments, whose value, I admit, is largely extrinsic. But gold is gold, from Phoenicia to Klondike, and if we cleared the room we should eventually do very well.”

“How?”

“I should melt it down into a nugget, and bring it home from the U.S.A. tomorrow.”

“And then?”

“Make them pay up in hard cash across the counter of the Bank of England. And you can make them.”

That I knew, and so said nothing for a time, remaining a hostile though a silent critic, while we paced the cool black leads with our bare feet, softly as cats.

“And how do you propose to get enough away,” at length I asked, “to make it worth while?”

“Ah, there you have it,” said Raffles. “I only propose to reconnoitre the ground, to see what we can see. We might find some hiding-place for a night; that, I am afraid, would be our only chance.”

“Have you ever been there before?”

“Not since they got the one good, portable piece which I believe that they exhibit now. It’s a long time since I read of it⁠—I can’t remember where⁠—but I know they have got a gold cup of sorts worth several thousands. A number of the immorally rich clubbed together and presented it to the nation; and two of the richly immoral intend to snaffle it for themselves. At any rate we might go and have a look at it, Bunny, don’t you think?”

Think! I seized his arm.

“When? When? When?” I asked, like a quick-firing gun.

“The sooner the better, while old Theobald’s away on his honeymoon.”

Our medico had married the week before, nor was any fellow-practitioner taking

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