"I still use the familiar phrases," explained Carrados, with a smile. "As a matter of fact, my secretary reads to me. I mark what I want to hear and when he comes at ten o'clock we clear off the morning papers in no time."

"And how do you know what to mark?" demanded Mr. Carlyle cunningly.

Carrados's right hand, lying idly on the table, moved to a newspaper near. He ran his finger along a column heading, his eyes still turned towards his visitor.

"'The Money Market. Continued from page 2. British Railways,'" he announced.

"Extraordinary," murmured Carlyle.

"Not very," said Carrados. "If someone dipped a stick in treacle and wrote 'Rats' across a marble slab you would probably be able to distinguish what was there, blindfold."

"Probably," admitted Mr. Carlyle. "At all events we will not test the experiment."

"The difference to you of treacle on a marble background is scarcely greater than that of printers' ink on newspaper to me. But anything smaller than pica I do not read with comfort, and below long primer I cannot read at all. Hence the secretary. Now the accident, Louis."

"The accident: well, you remember all about that. An ordinary Central and Suburban passenger train, non-stop at Knight's Cross, ran past the signal and crashed into a crowded electric train that was just beginning to move out. It was like sending a garden roller down a row of handlights. Two carriages of the electric train were flattened out of existence; the next two were broken up. For the first time on an English railway there was a good stand-up smash between a heavy steam-engine and a train of light cars, and it was 'bad for the coo.'"

"Twenty-seven killed, forty something injured, eight died since," commented Carrados.