The narrow thoroughfares appeared deserted. He walked quickly.

“Now, that was stupid of me,” muttered the boy, after going a quarter of a mile. “Why didn’t I think to ask who it was that took word to Mr. Gollan? Could it have been Ramirez?”

“Senor! senor!” whispered a voice through the shutters of a window. “Walk faster, and remember that you are being followed!”

Like a shot Hal halted, trying to catch sight of his informant.

“No, don’t stop! Don’t look this way, or you’ll betray me,” came the whisper. “But hurry! The deadliest danger hovers over you in the next five minutes!”

Second Part.

CHAPTER V.
“A SPANIARD OF HONOR!”

“Thanks!”

The acknowledgment, softly uttered as the warning, floated back over Hal Maynard’s shoulder as he struck out on the double-quick for the water front.

Once he turned. Over his shoulder he saw three indistinct figures following him down the street.