"You don't know Raffles," said I, promptly enough this time. "He never was in any man's power for many minutes. I would back him to save the most desperate situation you could devise."

"You mean by some desperate deed? That's what I feared," declared Miss Belsize, rather strenuously. "Something really had happened at Carlsbad; something worse was by way of happening next. For Teddy's sake," she whispered, "and his poor father's!"

I agreed that old Raffles stuck at nothing for his friends, and Miss Belsize again said that was what she had feared. Her tone had completely altered about Raffles, as well it might. I thought it would have broken with gratitude when she spoke of the unlucky father and son.

"And I was right!" she exclaimed, with that other kind of feeling to which I found it harder to put a name. "I came home miserable from the match on Saturday—"

"Though Teddy had done so well!" I was fool enough to interject.

"I couldn't help thinking about Mr. Raffles," replied Camilla, with a flash of her frank eyes, "and wondering, and wondering, what had happened. And then on Sunday I saw him on the river."

"He didn't tell me."

"He didn't know I recognised him; he was disguised—absolutely!" said Camilla Belsize under her breath. "But he couldn't disguise himself from me," she added as though glorying in her perspicacity.

"Did you tell him so, Miss Belsize?"

"Not I, indeed! I didn't speak to him; it was no business of mine. But there he was, at the bottom of Mr. Levy's garden, having a good look at the boathouse when nobody was about. Why? What could his object be? And why disguise himself? I thought of the affair at Carlsbad, and I felt certain that something of the kind was going to happen again!"