Miss Calhoun started, opened her lips, but paused as she saw Mr. S—— unfold the paper.

“The name of the latest traitor,” murmured the man, with a look of ferocity the like of which I had never seen on any human face before.

It was not observed by either of the actors in the tragedy before me. Mr. S—— was gazing with a wild incredulity at the note he had unfolded; she was gazing at him. From the room beyond rose and swelled the sweet strains of the waltz.

Suddenly a low, crackling sound was heard.

It came from the paper which Mr. S—— had crumpled in his hand.

“So the society has decreed my death,” he said, meeting the man’s steel-cold eye for the first time. “Now I know how the men whose doom preceded mine have felt in a presence that leaves no hope to mortal man. But you shall not be my executioner. I will meet my fate at less noxious hands than yours.” And, leaning forward, he whispered a few seemingly significant words into the messenger’s ear. The man, grievously disappointed, hung his head, and with a sidelong look, the venom of which made us all shudder, he hesitated to go.

“To-night?” he said.

“To-night,” Mr. S—— repeated, and pointed towards the door by which he had entered. Then, as the man still hesitated, he took him by the arm and resolutely led him through the conservatory, crying in his ear, “Go. I am still the chief.”

The man bowed, and slipped slowly out into the night.

A burst of music, laughter, voices, joy, rose in the drawing-room. Mr. S—— and Irene Calhoun stood looking at each other.