'It's heavy, at any rate,' he told himself. 'Let's take a squint at 'em. Jolly glad I am that there isn't a lamp going here. The light would come through between the books and show me nicely. My word! This is a fine peep show! There are a dozen niches through which I can get a view. That's an electric torch. Ain't the chap careful to keep the light on the floor too! Every one of them wearing gloves. This is interesting.'

He almost forgot to think of himself and the undoubted danger of his own position. For the four men in the manager's office, one of them not more than the desk's width from David, occupied the greater part of his thoughts. It was true that there was no light in this particular part of the store; but, then, elsewhere there were electric lamps, and the illumination of the whole place and of this office in particular, though not brilliant, was ample for our hero. His eyes were used to the dimness, and as he stared between the books on their dusty shelves, he was able first of all to detect the fact that all four burglars wore kid gloves on their hands and rubber shoes on their feet For the rest, three were undoubtedly of dark complexion and wore moustaches, while the fourth, the only one whose aspect was decidedly English, was clean-shaven. He leaned his back against the wall close to the bookcase, and breathed heavily while David surveyed his companions.

'Can't think why them cylinders are so heavy,' our hero heard him grumble. 'From the look of the things, with their rope coatings, you'd say as they was that light a child could play with 'em. But, my! they make a chap blow. Where's the safe?'

'S-s-sh, my friend. People will find us before we find the safe if you make such a bother,' declared the man who had led the way into the office, and who for a moment had used his electric torch. 'The safe is here, without doubt, seeing that it was here this morning, and such things are not moved as easily as are boxes. Behold the safe, my friend.'

Tucked away in his hiding-place David went hot all over, till beads of perspiration streamed from his forehead, and his clothing clung to him uncomfortably; for in the leader of the gang—for such the speaker seemed to be—he suddenly recognised an official of the store who had had some years of service with his employers, and who was an expert in the jewellery department.

'And is a burglar all the while,' thought David, common sense telling him that the man was an expert in this branch also; for otherwise, how could he wear such a business-like air? How could he appear so unconcerned, so used to midnight entries into closed premises? 'Queer,' thought our hero. 'It just shows his cunning. The articles which have been disappearing have not been stones or jewellery. Valuable furs have gone, and Henricksen has nothing to do with that department. So they're after the safe? I should laugh right out if it didn't happen to be distinctly dangerous; for our manager took care to empty it. There are useless books inside; nothing more.'

'Behold the safe, my friend,' said Henricksen again, triumphantly, his eyes flashing as he turned towards the clean-shaven man beside the bookcase, while his electric torch played on the huge mass of painted steel, wherein the most valuable jewels and the money of the store were wont to rest at night. 'You grumble at the weight of a couple of cylinders; let us see if you will grumble when we come to handle the gold. But we must be moving; there is big work before us, and it is now twenty minutes after midnight. Yes, precisely that time.'

His coolness was amazing. David saw him refer to a neat little watch strapped to his left wrist, and noted at the same moment that the gloves he wore were of reddish colour, while the left one was split up the back. Then his eyes went to the cylinders lying snugly on the floor, and from them to the other men.

'They might be any nationality,' he thought. 'To look at them now they don't appear to be ruffians, but there you are, old ideas are being exploded every day of the year. A criminal face does not always mean a murderer or a burglar. Some of the most cunning fellows known to the police of late have had quite a sanctimonious appearance. The well-groomed, gentlemanly criminal who is a clever hypocrite has a better chance to-day than the man with the face of a bull dog, the forehead of a Cree Indian, and the narrow, half-closed eyes of a Chinee. What are they up to now?'

He might well ask the question, for David was not used to burglarious enterprises. Up till this moment he had hardly dared to imagine how the men would endeavour to force the huge safe in the office. Then he remembered the cylinders, and remembering them, and drawing upon his slender engineering knowledge, he realised that modern methods are adopted not alone by scientists who mostly discover them, and by up-to-date manufacturers, but also by up-to-date malefactors. The oxy-acetylene flame, he knew, would eat its way into a mass of steel so tough that not even a finely-tempered drill would touch it. Also, that it would burn a path far sooner than the same could be formed by the aid of the best of tools. His past knowledge told him all that. But how would these men set about the task, and——