Graham's eyes brightened and his lips twitched to a smile. He glanced aside to his bureau, whereon lay a letter written by Paul Bendish at Oxford.

"He probably has a larger acquaintance with the queer birds of the Mediterranean ports than any one else in England. But he does not seem to be aware of it. But if you persist in sitting quiet his knowledge will trickle out."

Commodore Graham persisted, and facts concerning José Medina began to trickle out. José's father had left him, the result of a Spanish peasant's thrift, a couple of thousand pesetas. With this José Medina had gone to Gibraltar, where he bought a felucca, with a native of Gibraltar as its nominal owner; so that José Medina might fly the flag of Britain and sleep more surely for its protection. At Gibraltar, with what was left of his two thousand pesetas and the credit which his manner gained him, he secured a cargo of tobacco.

"Gibraltar's a free port, you see," said Hillyard. "José ran the cargo along the coast to Benicassim, a little watering-place with a good beach about thirty kilometres east of Valencia. He ran the felucca ashore one dark night." Suddenly he stopped and smiled to himself. "I expect José Medina's in prison now."

"On the contrary," said Graham, "he's a millionaire."

Hillyard stared. Then he laughed.

"Well, those were the two alternatives for José Medina. But I am judging by one night's experience. I never saw him again."

Commodore Graham touched with his heel a bell by the leg of his bureau. The bell did not ring, but displaced a tiny shutter in front of the desk of his secretary in the ante-room; and Hillyard had hardly ended when the girl was in the room and announced:

"Admiral Carstairs."

Commodore Graham looked annoyed.