“You have our word of honor,” replied both the baron and Pascal in a breath.

After casting a half-frightened glance around him, the worthy Turk seemed to gather courage. But no! He deliberated some time, and then rejoined: “Really, I’m not sufficiently convinced of the accuracy of my suspicions to incur the risk of accusing a man who belongs in the very best society; a man who is very rich and very highly respected, and who would tolerate no imputations upon his character.”

It was plain that he would not speak. The baron shrugged his shoulders, but Pascal stepped bravely forward. “Then I will tell you, prince,” he said, “the name that you are determined to hide from us.”

“Oh!”

“But you must allow me to remark that the baron and myself retract the promise we made you just now.”

“Naturally.”

“Then, your defrauder is the Marquis de Valorsay!”

If Kami-Bey had seen an emissary of his sovereign enter the room carrying the fatal bow-string he would not have seemed more terror-stricken. He sprang nervously on to his short, fat legs, his eyes wildly dilating and his hands fluttering despairingly. “Don’t speak so loud! don’t speak so loud!” he exclaimed, imploringly.

As he did not even attempt to deny it, the truth of the assertion might be taken for granted. But Pascal was not content with this. “Now that we know the fact, I hope, Prince, that you will be sufficiently obliging to tell us how it all happened,” he remarked.

Poor Kami. He was in despair. “Alas!” he replied, reluctantly, “nothing could be more simple. I wanted to set up a racing stable. Not that I care much for sport. I can scarcely distinguish a horse from a mule—but morning and evening, everybody says to me: ‘Prince, a man like you ought to make your name celebrated on the turf.’ Besides I never open a paper without reading: ‘Such a man ought to be a patron of the noblest of sports.’ At last, I said to myself: ‘Yes, they are right. I ought to take part in racing.’ So I began to look about for some horses. I had purchased several, when the Marquis de Valorsay proposed to sell me some of his, some that were very well known, and that had—so he assured me—won at least ten times the amount they had cost him. I accepted his offer, and visited his stables, where I selected seven of his best horses and paid for them; and I paid a good round price, I assure you. Now comes the knavery. He has not given me the horses I purchased. The real animals, the valuable ones—have been sold in England under false names, and although the horses sent to me may be like the others in appearance, they are really only common animals, wanting both in blood and speed.”