"Not if I know it," said he. "If you don't open the door in about one minute I shall require this telephone of yours to ring up the police."

"The police, eh?" said Levy, with a sinister recovery of self-control. "You'd better leave that to me, you precious pair of swindlers!"

"Besides," continued Raffles, "of course you keep an argumentum ad hominem in one of these drawers. Ah, here it is, and just as well in my hands as in yours!"

He had opened the top drawer in the right-hand pedestal, and taken therefrom a big bulldog revolver; it was the work of few moments to empty its five chambers, and hand the pistol by its barrel to the owner.

"Curse you!" hissed the latter, hurling it into the fender with a fearful clatter. "But you'll pay for this, my fine gentlemen; this isn't sharp practice, but criminal fraud."

"The burden of proof," said Raffles, "lies with you. Meanwhile, will you be good enough to open that door instead of looking as sick as a cold mud-poultice?"

The money-lender had, indeed, turned as grey as his hair; and his eyebrows, which were black and looked dyed, stood out like smears of ink. Nevertheless, the simile which Raffles had employed with his own unfortunate facility was more picturesque than discreet. I saw it set Mr. Shylock thinking. Luckily, the evil of the day was sufficient for it and him; but so far from complying, he set his back to the locked door and swore a sweet oath never to budge.

"Oh, very well!" resumed Raffles, and the receiver was at his ear without more ado. "Is that the Exchange? Give me nine-two-double-three Gerrard, will you?"

"It's fraud," reiterated Levy. "And you know it."

"It's nothing of the sort, and you know it," murmured Raffles, with the proper pre-occupation of the man at the telephone.