She looked up.

"I cannot read it," she murmured. "Tell me."

"It is simple," he replied. "This afternoon an unfortunate explosion occurred in the house in the Rue de Montpelier where Sir Julien had his apartments. The whole of the front of the premises was blown away. It is regrettable," he added, with a little shrug of the shoulders, "that in all seven people perished, including the concierge. Mr. Kendricks, an English journalist, was taken away alive, but terribly injured, to the hospital. His companion, who seems to have been within a few feet of him when the explosion occurred, was unfortunately blown to pieces. The details as to his fate might perhaps interfere with your appetite, but let me at least assure you, my dear Marguerite," Herr Freudenberg continued, "that such a death is entirely painless. I regret the necessity for such means, but the man had his chance. I regret, also, the fate of the other poor people who lost their lives. Unfortunately, it was necessary to remove Sir Julien in such a way that no suspicion should be cast upon any one person. The death of the concierge, for instance, was absolutely essential. He was suspicious about some of my men who had been making inquiries."

"But it is horrible!" she gasped.

"Little one," he went on, "life is like that. To succeed one has to cultivate indifference. Sir Julien Portel had many warnings. He knew very well that if he persisted in writing those articles, he was braving my defiance. Already he has done mischief enough. The whole series would have undone the work of the last two years. To-night," Herr Freudenberg continued, with a sigh of relief, "we may open the Journal without apprehensions. There are no more secrets disclosed, no more of these marvelously written appeals to—"

Herr Freudenberg stopped short. His eyebrows had drawn closer together. He was gazing at the sheet which he held in his hand with more expression in his face than mademoiselle had ever seen there before.

"My God!" he muttered.

She, too, bent forward. She, too, saw the article with its heading: "A
Maker of Toys!"

Herr Freudenberg waved her back. Line by line he read the article. When he had finished, his face was almost ghastly. He drained his glass and called for the sommelier.

"Serve more wine," he ordered briefly.