She caught his hand tightly for a moment.

"Oh, if you could! I am a little afraid--now."

He took her out to Randa. There were many changes in the valley. New hotels had sprung up; a railway climbed nowadays to the Riffelalp; the tourists came in hundreds instead of tens; the mountains were overrun. But Challoner's eyes were closed to the changes. He went up through the cleft of the hills to where the glaciers come down from the Weisshorn and the Schallijoch and the Moming Pass; and as July drew on, he pitched a camp there, and stood on guard like a sentinel.

There came a morning when, coming out of his tent on to a knoll of grass, he saw below him on the white surface of the glacier, and not very far away, something small and black.

"It's a pebble, no doubt," he thought, but he took his axe and climbed down on to the ice. As he approached the object the surer he became. It was a round pebble, polished black and smooth by the friction of the ice. He almost turned back. But it was near, and he went on. Then a ray of sunlight shot down the valley, and the thing flickered. Challoner stooped over it curiously and picked it up. It was a gold watch, lying with its dial against the ice, and its case blackened save for a spot or two where it shone. The glass was missing and the hands broken, and it had stopped. Challoner opened it at the back; the tiny wheels, the coil of the mainspring, were as bright as on the day when the watch was sold. It might have been dropped there out of a pocket a day or two ago. But ice has its whims and vagaries. Here it will grind to powder, there it will encase and preserve. The watch might have come out of the ice during this past night. Was the glacier indeed giving up its secrets?

Challoner held the watch in his hand, gazing out with blind eyes over the empty, silent world of rock and ice. The feel of it was magical. It was as though he gazed into the sorcerer's pot of ink, so vivid and near were those vanished days at the Riffelalp and the dreadful quest on the silver peak now soaring high above his head. He continued his search that morning. Late in the afternoon he burst into the hotel at Randa. Stella Frobisher drew him away into the garden, where they were alone. He gave the watch into her hands, and she clasped it swiftly against her heart with an unearthly look of exaltation upon her face.

"It is his?" asked Challoner.

"Yes. I will go up."

Challoner looked at her doubtfully. He had been prepared to refuse her plea, but he had seen, and having seen, he consented.

"To-morrow--early. Trust me. That will be time enough."