Edwards took the scrap of paper, looked at it for a second, then gasped.

"You have been properly done. Listen to this:"

"To the merchant of Baghdad who shall be nameless. This to acquaint you of my success. The bearer will hand you the Serpent Belt of the Great Queen. On receipt of it, examine it thoroughly, and having assured yourself that it is genuine, pay the Arab 5000 kerans. Pack the belt carefully in a box of dates, and proceed with it immediately on the steamer to Bussorah. I send the Serpents to you, so that the sheik may be paid his money, and because I fear that I may be robbed of it if I keep the belt on my person. Your own reward as agreed upon you can deduct from my account. A thousand thanks for your assistance, from your devoted friend whose name you know."

"Is that all?" I asked.

"Every word," replied Edwards. "Isn't it enough?"

"I should have liked a date," said I.

"There isn't one," said Edwards; "but it has not been written long. You can see that by the pencil writing."

I looked at the paper again. There was no doubt that someone else had found my treasure, and had thus anticipated me. Then it suddenly occurred to me that the man who was carrying this note had been killed; that the note had never been delivered, and that consequently the Golden Girdle had never been handed over to the nameless Baghdad merchant. Still, the fact remained that, to all appearances, the girdle had been dug up by a European—German, Swiss, Austrian, or some other—and was undoubtedly above ground. I had lost it, that was certain; for, if another European had become possessed of it, he had just as much right to it as I should have had if I had been fortunate enough to find it. I was bitterly disappointed; and Edwards, who hitherto had rather scoffed at my enthusiasm, was even more angry at the turn of events than I was. We held a long consultation as to what we should do, and we came to the conclusion that we were powerless to do anything. It was evident from the note that my rival knew the value of his find as well as I did, otherwise he would not be paying away large sums of money for it. Therefore it would be useless to try and find him and offer to buy it. I decided to take Sheik Faris into my confidence and ask his advice; so I went off to his tent, and told him about the note. At first he laughed at the whole thing, saying that it was absurd to believe that anyone had been able to find the girdle.

"When I slew Abbas-ibn-Rashid the other day," he said calmly, "I took care to search his body carefully. He certainly was not in possession of the Golden Belt of Serpents, or it would now be with me."

"Perhaps," I suggested, "some other member of the party had it, and rode away with it."