"There is gold on its way from the bank to the coast. It is guarded by four soldiers. They have been instructed to travel fast to catch a certain sloop. Today they will have met with many hindrances upon the way. All that has been arranged for. So they will profit by this clear moonlight night to prosecute their journey, which will not lie through what is thought to be dangerous country. Forest land and wild heath make men very careful, but quiet country roads where villages are frequent give them confidence. And yet it is just as easy to fall upon the prey in the latter as in the former locality. In sooth, I think it is easier. The men in charge rush back for help, thinking the more easily to track and follow us;" and then Lord Claud broke into a soft laugh, and began to whistle cheerily as they galloped forward.

These horses were wonderfully strong and fleet. Tom could not but remark it as they galloped mile after mile with unwearied energy. Lord Claud smiled in the moonlight as he replied:

"Oh yes, that is necessary. It is well to prove an alibi, if you know what that is, good Tom. The honest folks where we come from will swear that we and our steeds were abed all night over yonder; but even if that should not be enough, there will be many who will declare that if we did not leave St. Albans till past ten, we could never be at the spot I am aiming for and back again before break of day; and I shall take care to call mine host up betimes, so that there will be plenty of evidence that I have not been abroad this night."

Tom had heard often enough of the good understanding existing between innkeepers and the highway robbers who infested the roads, and now he began to see the workings of it, and to understand how easy it made some of these excursions, and how difficult it must afterwards be to obtain evidence against the freebooters. Lord Claud's handsome person, his freedom of speech, and his lavishly-spent gold, made him a favourite everywhere; and now he seemed about to employ his fascinations of mind and body for other purposes. Tom was to see how they served him in a different sort of life.

The rapid pace at which they were travelling hindered conversation. Tom would not easily have believed it possible to travel so fast by night, but he trusted himself implicitly to the guidance of his comrade; and the strong, mettlesome, sure-footed horse he rode seemed to make nothing either of his solid weight, or of the distance they had to go.

Presently Lord Claud drew rein. They were passing through a little copse, where the light was but misty and indistinct, and where the road made a sudden sharp turn almost at right angles, affording complete shelter to any person or persons lying in ambush.

"Now, Tom," said Lord Claud, "this is the spot I have chosen. There is a village not half a mile distant. The road is not a dangerous or lonely one--this is the only little bit of wood for some distance, and it is very small. No special precautions will probably be observed. There are two horses laden with gold, under the escort of two soldiers each. They had a larger guard to pass through the wilder forest country, but some of the men were to turn back when the perilous transit was made. Most likely one horse and the two troopers will be a little in advance of the other. The moment the leading horse rounds this corner we shoot down the men. You need not kill your trooper, Tom--indeed, I never kill unless there is need--it is enough to disable him. In a moment I shall have possession of the horse and shall gallop off. But I shall only possess myself of the treasure, and let the beast go. I have no wish to be tracked by him. Now, if I am right in what I expect, the second troopers, hearing the shots and their comrades' cries, will believe themselves in peril of attack from a much larger gang, and will instantly fly to save their skins. This is what happens in five cases out of seven. It is seldom that a couple of men will stay to face what they believe to be a desperate gang of highwaymen. If this is so, dash you out upon the second horse. Seize him, and follow me. I know every inch of the country, and those fellows know nothing but the roads. They will never catch us, even if they pursue. If, however, the second pair should prove fellows of a stouter kidney, and instead of fleeing should show fight, then leave the second prize and follow hard after me. We will not risk too much, and one load will suffice for present necessities, albeit I should like well enough to obtain the two. I would make our ministers smart for their scurvy treatment of me!"

Tom grasped the situation in a moment, and set his teeth hard, whilst the light of battle leaped into his eyes. The adventure suited the reckless self-confidence which his recent life had quickened. Why should he not in time become a second Lord Claud, a man half feared, half admired by all London town, petted, made much of, observed and copied wherever he went? That his calling was suspected, if not actually known, Tom had abundant reason to know. But it seemed rather to give a lustre to his reputation than to cover him with shame. Why should he not attain in time to a like pinnacle of fame and fortune?

Thus he mused, standing there in the softened moonlight, the fierce and lawless strain in his nature for the moment in the ascendant, the influence of his strange comrade dominant in his heart.

There was a sound at last. The horses heard it first and pricked their ears. Next minute the riders heard it, too. It was the tramp, tramp of horses' feet upon the road, coming on at a leisurely pace, together with the jingling of arms and the sound of voices.