He did not look at either of the men, but he was watching them both intently—his eyes were on the mirror, the mirror of the bureau at the far end of the room, that bore testimony to the cunning of his unwitting host. The mirror held the door and the upper part of the room in focus; and, lying there on the bed, he had the profiles of the two men in distinct outline. Karlin was fingering his Vandyke in a sort of hesitant incredulity. Vallon’s face had suddenly blotched red with rapacious excitement.

“Gawd!” Red Vallon spluttered out. “D’ye mean that, Bundy?”

“Sure, I mean it!” Billy Kane answered a little curtly. “What do you think I told you to come here for? Sure, I mean it! It’s all there—right on the table, hitting you between the eyes.”

Red Vallon jerked himself around; and, as though he had taken the words literally, stared with a frown of bewilderment at the only thing in view upon the table—the newspaper that Whitie Jack had dropped there when he had answered the summons at the door.

Billy Kane laughed quietly.

“Get it, Red?” he inquired. “Five hundred thousand dollars—better than diamonds—blood-red rubies—red with blood, the paper says. Can’t you read?”

Karlin had forgotten his beard. His hands clenched on his knees.

“You mean the Ellsworth murder—the robbery?” He was whispering hoarsely.

“You win!” said Billy Kane.

“My God!” whispered Karlin. “Do you know where that stuff is?”