"And what good will all this foolery do you? Say what you've got to say against me, and be damned to you!"

"I fear you're confusing our functions sadly," said Raffles, with a compassionate shake of the head. "But so far as your first exhortation goes, I shall endeavour to take you at your word. You are a money-lender trading, among other places, in Jermyn Street, St. James's, under the style and title of Daniel Levy."

"It 'appens to be my name."

"That I can well believe," rejoined Raffles; "and if I may say so, Mr. Levy, I respect you for it. You don't call yourself MacGregor or Montgomery. You don't sail under false colours at all. You fly the skull and crossbones of Daniel Levy, and it's one of the points that distinguish you from the ruck of money-lenders and put you in a class by yourself. Unfortunately, the other points are not so creditable. If you are more brazen than most you are also more unscrupulous; if you fly at higher game, you descend to lower dodges. You may be the biggest man alive at your job; you are certainly the biggest villain."

"But I'm up against a bigger now," said Levy, shifting his position and closing his crimson eyes.

"Possibly," said Raffles, as he produced a long envelope and unfolded a sheet of foolscap; "but permit me to remind you of a few of your own proven villainies before you take any more shots at mine. Last year you had three of your great bargains set aside by the law as hard and unconscionable; but every year you have these cases, and at best the terms are modified in favour of your wretched client. But it's only the exception who will face the music of the law-courts and the Press, and you figure on the general run. You prefer people like the Lincolnshire vicar you hounded into an asylum the year before last. You cherish the memory of the seven poor devils that you drove to suicide between 1890 and 1894; that sort pay the uttermost farthing before the debt to nature! You set great store by the impoverished gentry and nobility who have you to stay with them when the worst comes to the worst, and secure a respite in exchange for introductions to their pals. No fish is too large for your net, and none is too small, from his highness of Hathipur to that poor little builder at Bromley, who cut the throats—"

"Stop it!" cried Levy, in a lather of impotent rage.

"By all means," said Raffles, restoring the paper to its envelope. "It's an ugly little load for one man's soul, I admit; but you must see it was about time somebody beat you at your own beastly game."

"It's a pack of blithering lies," retorted Levy, "and you haven't beaten me yet. Stick to facts within your own knowledge, and then tell me if your precious Garlands haven't brought their troubles on themselves?"

"Certainly they have," said Raffles. "But it isn't your treatment of the Garlands that has brought you to this pretty pass."