Spencer, whose recovery during the last few days had been as rapid as the first development of his indisposition, had just changed for dinner, and was lighting a cigarette d'appertit when, without waiting to be announced, the Vicomte de Bergillac entered the room. Spencer, with lightning-like intuition, knew that his time was come.

"Off with your coat, man, and get your code books out. I am going to give you the most sensational story which has ever appeared in your paper!" he exclaimed. "Only, remember this! It must appear to-morrow morning. I am arranging for the French papers to have it. Yours shall be the only English journal. Glance through these sheets. They contain the story of l'affaire Poynton!"

Spencer was master of the gist of the thing in a very few moments. His eyes were bright with excitement.

"Who guarantees this?" he asked quickly.

"My uncle has signed it," Henri de Bergillac answered, "and at the bottom of the page there you will see a still more distinguished signature. You understand l'affaire Poynton now? It is very simple. That English boy actually witnessed a meeting between the Czar and the Emperor, and turns up in Paris with a loose sheet of a treaty between the two, relative to an attack upon England. Our people got hold of him at the Café Montmartre, and we have hidden him away ever since. Our friends, the Germans, who seem to have had some suspicions about him, have filled the city with spies, but from the first we have kept them off the scent. We had a little difficulty in convincing our friends your country-people, but we managed to borrow a few papers from the German Ambassador whilst he was staying at a country-house in England, which were sufficient."

Spencer was already writing. His coat lay on the floor where he had thrown it.

"Don't go for a moment, De Bergillac," he said. "I want to ask you a few things. I can talk and code at the same time. What about Miss Poynton?"

"Well, we had to take care of her too," De Bergillac said. "Of course all her inquiries over here would have led to nothing, but they knew her at the English Embassy, so we walked her off from the Café Montmartre one night and took her to a friend of mine, the Marquise de St. Ethol. We told her a little of the truth, and a little, I'm afraid, which was an exaggeration. Anyhow, we kept her quiet, and we got her to go to England for us with Toquet. They had a very narrow shave down at Runton, by the by."

"After this," Spencer said with a smile, "the secret service people proper will have to look to their laurels. It is a triumph for the amateurs."

The Vicomte twirled his tiny black moustache.