“Yes,” continued the other, regarding the kindling glance of the avaricious Raikes with a quick, penetrating look that was not without its effect upon the latter; “yes, and I have had many beautiful specimens in my time.”

“But where is your establishment?” asked Raikes.

“Wherever I chance to be,” was the reply.

“Still,” ventured Raikes, astonished at this curious rejoinder, “you have some safe depository for such valuables.”

“Doubtless,” replied the other drily; “but I have a few in my room now, and, by the way, they are pretty fair specimens.”

“Ah!” cried Raikes. “May I see them?”

“Why not?” assented the Sepoy. “In the meantime,” he continued, as he inserted his hand in his waistcoat pocket, “what do you think of this?” and describing a glittering semicircle in the air with some brilliant object he held in his grasp, he deposited upon the table a sapphire of such extraordinary size and beauty, that Raikes, able as he was to realize the great value of this gleaming condensation, stared stupidly at it for a moment, and then, with a cry of almost gibbering avarice, caught the gem in his trembling hands and burglarized it with his greedy eyes.

As Raikes, oblivious of all else, continued to gaze upon the brilliant with repulsive fascination, a peculiar change transformed the face of the Sepoy.

He directed upon the unconscious countenance of his companion a glance of terrible intensity, moving his hands the while in a weird, sinuous rhythm, until presently, satisfied with the vacant expression which had replaced the eager look of the moment before in the eyes of the tremulous Raikes, the Sepoy began, with an indescribably easy, somnolent modulation, the following strange recital:

(To be continued on Dickey No. 2.)