Draconmeyer pushed his chair forward and leaned across the table. The heads of the three men were close together. His tone was stealthily lowered.

"Let me tell you something, my friend Selingman, which I think should strengthen any half-formed intention you may have in your brain. Hunterleys is no ordinary sojourner here. You were quite right when you told me that his stay at Bordighera and San Remo was a matter of days only. Now I will tell you something. Three weeks ago he was at Bukharest. He spent two days with Novisko. From there he went to Sofia. He was heard of in Athens and Constantinople. My own agent wrote me that he was in Belgrade. Hunterleys is the bosom friend of the English Foreign Secretary. That I know for myself. You have your reports. You can read between the lines. I tell you that Hunterleys is the man who has paralysed our action amongst the Balkan States. He has played a neat little game out there. It is he who was the inspiration of Roumania. It is he who drafted the secret understanding with Turkey. The war which we hoped for will not take place. From there Hunterleys came in a gunboat and landed on the Italian coast. He lingered at Bordighera for appearances only. He is here, if he can, to break up our conference. I tell you that you none of you appreciate this man. Hunterleys is the most dangerous Englishman living—"

"One moment," Selingman interrupted. "To some extent I follow you, but when you speak of Hunterleys as a power in the present tense, doesn't it occur to you that his Party is not in office? He is simply a member of the Opposition. If his Party get in again at the next election, I grant you that he will be Foreign Minister and a dangerous one, but to-day he is simply a private person."

"It is not every one," Mr. Draconmeyer said slowly, "who bows his knee to the shibboleth of party politics. Remember that I come to you from London and I have information of which few others are possessed. Hunterleys is of the stuff of which patriots are made. Party is no concern of his. He and the present Foreign Secretary are the greatest of personal friends. I know for a fact that Hunterleys has actually been consulted and has helped in one or two recent crises. The very circumstance that he is not of the ruling Party makes a free lance of him. When his people are in power, he will have to take office and wear the shackles. To-day, with every quality which would make him the greatest Foreign Minister England has ever had since Disraeli, he is nothing more nor less than a roving diplomatist, Emperor of his country's Secret Service, if you like to put it so. Furthermore, look a little into that future of which I have spoken. The present English Government will last, at the most, another two years. I tell you that when they go out of power, whoever comes in, Hunterleys will go to the Foreign Office. We shall have to deal with a man who knows, a man—"

"I am not wholly satisfied with these éclairs," Selingman interrupted, gazing into the dish. "Maître d'hôtel, come and listen to an awful complaint," he went on, and, addressing one of the head-waiters. "Your éclairs are too small, your cream-cakes too irresistible. I eat too much here. How, I ask you in the name of common sense, can a man dine who takes tea here! Bring the bill."

The man, smiling, hastened away. Not a word had passed between the three, yet the other two understood the situation perfectly. Hunterleys and Richard Lane had entered the room together and were seated at an adjoining table. Selingman plunged into a fresh tirade, pointing to the half-demolished plateful of cakes.

"I will eat one more," he declared. "We will bilk the management. The bill is made out. I shall not be observed. Our friend," he continued, under his breath, "has secured a valuable bodyguard, something very large and exceedingly powerful."

Draconmeyer hesitated for a moment. Then he turned to Mr. Grex.

"You have perhaps observed," he said, "the young man who is seated at the next table. It may amuse you to hear of a very extraordinary piece of impertinence of which, only this afternoon, he was guilty. He accosted me upon the Terrace—he is a young American whom I have met in London—and asked me for information respecting a Mr. and Miss Grex."

Mr. Grex looked slowly towards the speaker. There was very little change in his face, yet Draconmeyer seemed in some way confused.