.

art. Francis was out of his chair, ticker flung aside and forgotten as with the exultant joy of a boy he examined the toys and, one after another, began trying them, switching them through the air till they made shrill whip-like noises, moving them gently with prudence and precision under the lofty ceiling as he made believe to cast across the floor into some unseen pool of trout-lurking mystery.

      A telephone buzzed. Irritation was swift on his face.

      “For heaven’s sake answer it, Parker,” he commanded. “If it is some silly stock-gambling female, tell her I’m dead, or drunk, or down with typhoid, or getting married, or anything calamitous.”

      After a moment’s dialogue, conducted on Parker’s part, in the discreet and modulated tones that befitted absolutely the cool, chaste, noble dignity of the room, with a “One moment, sir,” into the transmitter, he muffled the transmitter with his hand and said:

      “It’s Mr. Bascom, sir. He wants you.”

      “Tell Mr. Bascom to go to hell,” said Francis, simulating so long a cast, that, had it been in verity a cast, and had it pursued the course his fascinated gaze indicated, it would have gone through the window and most likely startled the gardener outside kneeling over the rose bush he was planting.

      “Mr. Bascom says it’s about the market, sir, and that he’d like to talk with you only a moment,” Parker urged, but so delicately and subduedly as to seem to be merely repeating an immaterial and unnecessary message.

      “All right.” Francis carefully leaned the rod against a table and went to the ‘phone.

      “Hello,” he said into the telephone. “Yes, this is I, Morgan. Shoot, What is it?”

      He listened for a minute, then interrupted irritably: “Sell – hell. Nothing of the sort… Of course, I’m glad to know. Even if it goes up ten points, which it won’t, hold on to everything. It may be a legitimate rise, and it mayn’t ever come down. It’s solid. It’s worth far more than it’s listed. I know, if the public doesn’t. A year from now it’ll list at two hundred … that is, if Mexico can cut the revolution stuff… Whenever it drops you’ll have buying orders from me… Nonsense. Who wants control? It’s purely sporadic … eh? I beg your pardon. I mean it’s merely temporary. Now I’m going off fishing for a fortnight. If it goes down five points, buy. Buy all that’s offered. Say, when a fellow’s got a real bona fide property, being bulled is almost as bad as having the bears after one … yes… Sure … yes. Good-bye.”

      And while Francis returned delightedly to his fishing-rods, Destiny, in Thomas Regan’s down-town private office, was working overtime. Having arranged with his various brokers to buy, and, through his divers channels of secret publicity having let slip the cryptic tip that something was wrong with Tampico Petroleum’s concessions from the Mexican government, Thomas Regan studied a report of his own oil-expert emissary who had spent two months on the spot spying out what Tampico Petroleum really had in sight and prospect.

      A clerk brought in a card with the information that the visitor was importunate and foreign. Regan listened, glanced at the card, and said:

      “Tell this Mister Senor Alvarez Torres of Ciodad de Colon that I can’t see him.”

      Five minutes later the clerk was back, this time with a message pencilled on the card. Regan grinned as he read it:

      “Dear Mr. Regan,

      “Honoured Sir: —

      “I have the honour to inform you that I have a tip on the location of the treasure Sir Henry Morgan buried in old pirate days.

“Alvarez Torres.”

      Regan shook his head, and the clerk was nearly out of the room when his employer suddenly recalled him.

      “Show him in – at once.”

      In the interval of being alone, Regan chuckled to himself as he rolled the new idea over in his mind. “The unlicked cub!” he muttered through the smoke of the cigar he was lighting. “Thinks he can play the lion part old R.H.M. played. A trimming is what he needs, and old Grayhead Thomas R. will see that he gets it.”

      Senor Alvarez Torres’ English was as correct as his modish spring suit, and though the bleached yellow of his skin advertised his Latin-American origin, and though his black eyes were eloquent of the mixed lustres of Spanish and Indian long compounded, nevertheless he was as thoroughly New Yorkish as Thomas Regan could have wished.

      “By great effort, and years of research, I have finally won to the clue to the buccaneer gold of Sir Henry Morgan,” he preambled. “Of course it’s on the Mosquito Coast. I’ll tell you now that it’s not a thousand miles from the Chiriqui Lagoon, and that Bocas del Toro, within reason, may be described as the nearest town. I was born there – educated in Paris, however – and I know the neighbourhood like a book. A small schooner – the outlay is cheap, most very cheap – but the returns, the reward – the treasure!”

      Senor Torres paused in eloquent inability to describe more definitely, and Thomas Regan, hard man used to dealing with hard men, proceeded to bore into him and his data like a cross-examining criminal lawyer.

      “Yes,” Senor Torres quickly admitted, “I am somewhat embarrassed – how shall I say? – for immediate funds.”

      “You need the money,” the stock operator assured him brutally, and he bowed pained acquiescence.

      Much more he admitted under the rapid-fire interrogation. It was true, he had but recently left Bocas del Toro, but he hoped never again to go back. And yet he would go back if possibly some arrangement…

      But Regan shut him off with the abrupt way of the master-man dealing with lesser fellow-creatures. He wrote a check, in the name of Alvarez Torres, and when that gentleman glanced at it he read the figures of a thousand dollars.

      “Now here’s the idea,” said Regan. “I put no belief whatsoever in your story. But I have a young friend – my heart is bound up in the boy but he is too much about town, the white lights and the white-lighted ladies, and the rest – you understand?” And Senor Alvarez Torres bowed as one man of the world to another. “Now, for the good of his health, as well as his wealth and the saving of his soul, the best thing that could happen to him is a trip after treasure, adventure, exercise, and … you readily understand, I am sure.”

      Again Alvarez Torres bowed.

      “You need the money,” Regan continued. “Strive to interest him. That thousand is for your effort. Succeed in interesting him so that he departs after old Morgan’s gold, and two thousand more is yours. So thoroughly succeed in interesting him that he remains away three months, two thousand more – six months, five thousand. Oh, believe me, I knew his father. We were comrades, partners, I – I might say, almost brothers. I would sacrifice any sum to win his son to manhood’s wholesome path. What do you say? The thousand is yours to begin with. Well?”

      With trembling fingers Senor Alvarez Torres folded and unfolded the check.

      “I … I accept,” he stammered and faltered in his eagerness. “I … I … How shall I say?.. I am yours to command.”

      Five minutes later, as he arose to go, fully instructed in the part he was to play and with his story of Morgan’s treasure revised to convincingness by the brass-tack business acumen of the stock-gambler, he blurted out, almost facetiously, yet even more pathetically:

      “And the funniest thing about it, Mr. Regan, is that it is true. Your advised changes in my narrative make it sound more true, but true it is under it all. I need the money. You are most munificent, and I shall do my best… I … I pride myself that I am an artist. But the real and solemn truth is that the clue to Morgan’s buried loot is genuine. I have had access to records inaccessible to the public, which is neither here nor there, for the men of my own family – they are family records – have had similar access, and have wasted their lives before me in the futile search. Yet were they on the right clue – except that their wits made them miss the spot by twenty miles. It was there in the records. They missed it, because it was, I think, a deliberate trick, a conundrum, a puzzle, a disguisement, a maze, which I, and I alone, have penetrated