"Why not here as well as anywhere? So far as my experience goes, it is nothing uncommon in this part of the country to run across owners of fine stones who, for one reason or another, are very glad to exchange the same for cash."

"Yes, I suppose so. When a fellow gets down to bedrock, he'll put up most anything to make a raise."

"There are many besides those who are down to bedrock, as you call it, who are glad to make an exchange of that kind," said Mr. Rosenbaum, speaking with deliberation and keeping an eye upon his neighbor in the fur coat; "but their reasons, whatever they may be, do not concern us; our business is simply to buy the gems wherever we can find them and ask no questions."

By this time a fourth man was approaching in their direction, evidently the individual for whom the man in the fur coat was waiting, and Mr. Rosenbaum, thinking it time to put an end to the conversation, rose and began to don his mackintosh.

"Surely you are not going out to-night!" said the proprietor; "better stay indoors, and I'll make you acquainted with some of the boys."

"Much obliged, but an important engagement compels me to forego that pleasure," said Mr. Rosenbaum, and, bidding his host good-evening, he sallied forth, well aware that every word of their conversation had been overheard by their silent neighbor, notwithstanding the voluminous documents which seemed to engross his attention.

Passing out into the night, he found the storm fast abating. Stopping at a news-stand, he inquired for a directory, which he carefully studied for a few moments, then walked down the principal thoroughfare until, coming to a side street, he turned and for a number of blocks passed up one street and down another, plunging at last into a dark alley.

Upon emerging therefrom a block away, the soft felt hat had given place to a jaunty cap, while a pair of gold-rimmed eye-glasses perched upon the aquiline nose gave the wearer a decidedly youthful and debonnaire appearance. Approaching a secluded house in a dimly lighted location, he glanced sharply at the number, as though to reassure himself, then running swiftly up the front steps, he pulled the door-bell vigorously and awaited developments. After considerable delay the door was unlocked and partially opened by a hatchet-faced woman, who peered cautiously out, her features lighted by the uncertain rays of a candle which the draught momentarily threatened to extinguish.

"Good-evening, madam," said the stranger, airily. "Pardon such an unseasonable call, but I wish to see Mr. Lovering, who, I understand, has rooms here."

"There's no such person rooming here," she replied, sharply, her manner indicating that this bit of information ended the interview, but her interlocutor was not to be so easily dismissed.