Mr. Crotin laughed uproariously.

"Well, you've got me properly taped," he said admiringly, and the colonel agreed with a gesture.

"So you're interested in the criminal classes?"

Mr. Crotin waved a protesting hand.

"I'm not saying you're a member of the criminal classes, colonel," he said. "My friend Crewe here wouldn't think I would be so rude. Of course, I know the charge was all wrong."

"That's where you're mistaken," interrupted the colonel calmly; "it was all right."

"Eh?"

The man stared.

"The charge was perfectly sound," said the colonel, playing with his fruit knife; "for twenty years I have been making money by buying businesses at about a twentieth of their value and selling them again."

"But how——" began the other.