The East End being, as it were, more akin to the technique and the mechanics of the thing, applauded the craftsmanship; the West End, a little grimly on the part of the men, and with a loquacity not wholly free from nervousness on the part of the women, wondered who would be next.

"The cove as is runnin' that show," said the East End, with its tongue delightedly in its cheek, "knows 'is wye abaht. Wish I was 'im!"

"The police are nincompoops!" said the outraged masculine West End. "Absolutely!"

"Yes, of course! It's quite too impossible for words!" said the female of the West End. "One never knows when one's own—do let me give you some tea, dear Lady Wintern..."

From something that had merely been of faint and passing interest, a subject of casual remark, it had grown steadily, insidiously, had become conversationally epidemic. All London talked; the papers talked—virulently. Alone in that great metropolis, New Scotland Yard was silent, due, if the journals were to be believed, to the fact that that world-famous institution was come upon a state of hopeless and atrophied senility.

With foreknowledge obtained in some amazing manner, with ingenuity, with boldness, and invariably with success, a series of crimes, stretching back several years, had been, were being, perpetrated with insistent regularity. These crimes had been confined to the West End of London, save on a few occasions when the perpetrators had gone slightly afield—because certain wealthy West-Enders had for the moment changed their accustomed habitat. The journals at spasmodic intervals printed a summary of the transactions. In jewels, and plate, and cash, the figures had reached an astounding total, not one penny of which had ever been recovered or traced. Secret wall safes, hidden depositories of valuables opened with obliging celerity and disgorged their contents to some apparition which immediately vanished. There was no clue. It simply happened again and again. Traps had been set with patience and considerable artifice. The traps had never been violated. London was accustomed to crimes, just as any great city was; there were hundreds of crimes committed in London; but these were of a genre all their own, these were distinctive, these were not to be confused with other crimes, nor their authors with other criminals.

And so London talked—and waited.

It was raining—a thin drizzle. The night was uninviting without; cosy within the precincts of a certain well-known West End club, the Claremont, to be exact. Two men sat in the lounge, in a little recess by the window. One, a man of perhaps thirty-three, of athletic build, with short-cropped black hair and clean-shaven face, a one-time captain of territorials in the late war, and though once known on the club membership roll as Captain Francis Newcombe was to be found there now as Francis Newcombe, Esquire; the other, a very much older man, with a thin, grey little face and thin, grey hair, would, on recourse to the club roll, have been found to be Sir Harris Greaves, Bart.

The baronet made a gesture with his cigar, indicative of profound disgust.

"Democracy!" he ejaculated. "The world safe for democracy! I am nauseated with that phrase. What does it mean? What did it ever mean? We have had three years now since the war which was to work that marvel, and I have seen no signs of it yet. So far as I—"