Jack burst out laughing; I did not feel mirthful.

"It's all very well," I said, "but I don't like it. He has forty-eight hours' start of us. He may find the treasure in that time, by some fluke."

"He's been too clever for us, Peter, and that's the plain truth," laughed Jack. "Mind you, I don't think he'll find the money, and maybe he doesn't intend to try; but we have been badly scored off, and there's no denying the fact. We must hope it is only spite. I daresay it's that."

But on Monday morning when we turned up at the police court to claim our work of art, the police, finding that Strong had departed without waiting for the case to be heard, exclaimed—"Lieber Gott im Himmel! you were then right!" upon which the interpreter added that he supposed the other Englishman had not waited for the original because the copy which he possessed of it, and which he had shown him, the interpreter, was probably sufficient for him.

"Had he a copy?" asked Jack quickly.

"Certainly," said the man; "a very exact one. Done, he told me, by a clever sailor on the ship which brought him from Russia. He had it painted as a precaution, he said, lest certain persons should steal the original for their own purposes."

The police allowed us to take away our work of art, however, without further difficulties.

"Gad," said Jack, as we left the court, "my opinion of that chap's cuteness strengthens every day! he has intended, all along, to have another dig for the treasure. He expected to gain a day by being set down at Copenhagen; he gave away this picture simply because he didn't require it, having got safely away with the other; this may be only the copy."

"It looks like our old friend," I said moodily; "but one can't tell. Anyhow, we've lost, Jack; it's very sickening after all we've been through"—

"Nonsense, man! the battle isn't lost until it's won. Do you suppose Strong is going to win right off, in a day and a half? Why, there's a fortnight's hard digging in a garden of that size! Don't lose heart so easily, Peter, it doesn't become you."