“‘THIS IS A PLEASANTRY, MR BALM,’ HE SAID.”

“The exact price, sir, you gave for the statuette.”

He rose, frowning, in the sternness of his anger, and the dealer, in the very effort at a protest, cowered and shrunk silent before him.

“Perhaps, sir,” said Gilead, “it may have occurred to you by now that the nature of the task I have set myself brings me acquainted with the secrets of many underhand dealings. This morning was fortunate in revealing to me the destined victim of a piece of quite unexampled cupidity and baseness—your own. It need not concern you to know how, but it may to learn that a certain young lady has found the friends and protectors of whom she stood most sorely in need. You may refuse to permit me to remove this statuette, which is most surely mine on your own undertaking. In that case I shall take particular care to acquaint the world of the nature of your dealings, with what effect to yourself, coming from such a source, you may judge. If, on the other hand, you are wise, you shall still possess the opportunity to reacquire, by private treaty if you wish, and at the figure at which you implied it was worth your while to obtain it, the object in question. You shall have, Mr Globestein, the statuette back at the price of three thousand guineas; or you can cancel all obligations by accepting this cheque for ten pounds here and now. Which is it to be?”

Mr Globestein, speechless, and white to the lips, could only wave his hand renunciatory towards the pedestal.

“Dexter,” said Gilead, “have this carried down, and oblige me by calling a cab.”

He re-turned, with perfectly recovered serenity, upon the dealer.

“Mr Globestein,” he said, “you must permit me to congratulate you on the acumen which still does not fail you in a deal. You need not fear that I shall abandon you in your need of a prosperous customer. In your line you are invaluable, and no one would dream of accusing you of attempting to palm off upon inexperience a sham Pigalle. But in morality you are no expert, and it would do you no harm to take a lesson or so from much humbler individuals. Now, it may interest you to know that I shall very probably—always granting you the first refusal—retain this statuette for my own, while investing in the name of its former possessor a sum equal to your highest valuation. For the rest, it is quite likely that I shall be visiting you on business in the course of a few days. What a pity it is that you do not interest yourself in Japanese prints. I am investing quite a sum in Koriusais, and Haronobus, and Yeishis and the rest. I wish you a very good morning, Mr Globestein.”

“Good morning, Mr Balm, good morning, sir,” said the dealer—“and thank you.”