"Eeee!" shrieked a feminine voice inside. "Eeeeee!"

A look of mild annoyance crossed Uncle Jules's face. "Sh!" he urged. After peering cautiously around, he searched among the bundle of articles he was carrying, selected what appeared to be a gold watch, and carefully tossed it through the porthole. "Onze!" he whispered. They heard it crash on the floor inside. Uncle Jules moved towards the rail of the boat with an air of impartiality. With fierce care he selected a pair of patent-leather dancing-pumps and tossed them overboard.

"Douze!" counted Uncle Jules. " Treize, quatorze—"

"Eee!" still shrieked the feminine voice as a stream of articles began to go overboard. Uncle Jules seemed annoyed at this interruption. But he was willing to indulge the vagaries of the weaker sex.

"Vouse n'amiez-pas cette montre, hein?" he asked solicitously. " Est-ce-que vous aimez I'argent?"

The din of pursuit burst with a crash of sound round the corner of the deck ahead, led by Captain Whistler and Second-Officer Baldwin. They stopped, stricken. They were just in time to see Uncle Jules empty the contents of Captain Whistler's wallet through the porthole. Then, with swift impartiality, he flew to the rail. Overboard, clear-sailing against the moonlight, went Captain Whistler's watch, Captain Whistler's cuff-links, Captain Whistler's studs — and the emerald elephant.

"Dix-sept, dix-huit, dix-neuf, vingt!" whispered Uncle Jules triumphantly. Then he turned round, saw his pursuers and said "Sh-hhh!"

There are times when action is impossible. Morgan laid his face against the cold iron step, his muscles turning to water, and groaned so deeply that under ordinary circumstances the pursuers must have heard him.

But they did not hear him. Not unreasonably, they had failed to observe the strict letter of Uncle Jules's parting injunction. The noises that arose as the pack closed in on Uncle Jules awoke the sleeping gulls to scream and wheel on the water. They were terrifying noises. But, just as Morgan and Warren were rising again, the implications of one remark struck them motionless.

"So that," bellowed the appalled voice of Captain