Then I laughed outright, aloud, and altogether foolishly and hysterically.

The strain had been too much for me, and the snap of the release had come too suddenly, too unexpectedly. I could see the man with the gun blink perplexedly, for a second or two, and then I could see the tightening of his thin-lipped mouth. But that was not all I had seen.

For through the half-closed door I had caught sight of the slowly raised iron rod, the very rod I had wrenched from the outer hall window. I had seen its descent at the moment I realized the finality in those quickly tightening lips.

It struck the arm on its downward sweep. But it was not in time to stop the discharge of the revolver. The report thundered through the room as the bullet ripped and splintered into the pine of the floor. At the same moment the discharged firearm went spinning across the room, and as the man who held it went down with the blow, young Palmer himself swung toward me through the drifting smoke.

As he did so, I turned to the woman with her hands still pressed to her ears. With one fierce jerk I tore the rubber-banded packet of papers from her clutch.

"But the code?" gasped Palmer, as he tugged crazily at the safe door.

I did not answer him, for a sudden movement from the woman arrested my attention. She had stooped and caught up the fallen revolver. The man in blue, rolling over on his hip, was drawing a second gun from his pocket.

"Quick!" I called to Palmer as I swung him by the armpit and sent him catapulting out through the smoke to the open door. "Quick—and duck low!"

The shots came together as we stumbled against the stairhead.

"Quick!" I repeated, as I pulled him after me.