He took off his coat and waistcoat, and fastened this to his body so that it just came in the small of his back. Then, when he had dressed himself and put on a light overcoat, he took a small handbag, for appearance's sake, walked to the Nord Station, and took a second-class ticket to Southampton, via le Havre.

At midnight the steamer was in mid-channel, and Emil Fargeau was taking his last look on sea and sky from the fore-deck. For a moment he looked back eastward over the dark waters towards the land of his ruined hopes, and murmured brokenly:

"My beautiful France, I have offered you the Empire of the World, but the dolts and idiots you have chosen to govern you have refused it. 'Tant pis pour toi'! Now I will give the secret to the Fates—to reveal it or to keep it hidden for ever, as they please. For me it is the end!"

As the last words left his lips he took a rapid glance round the deserted deck, and slipped over the rail into the creaming water that was swirling past the vessel's side. In another moment one of the whirling screws had caught him and smashed him out of human shape, and what was left of him, with the little tin box containing the secrets of a world-empire lashed to it, went floating away in the broad wake that the steamer left behind it.

CHAPTER III

It was a lovely May morning on the English Channel, and the steam yacht Nadine was travelling under easy steam at about eight knots an hour midway between Guernsey and Southampton. Her owner, Ernest Shafto Hardress, Viscount Branston, eldest son of the Earl of Orrel, was taking his early coffee on the bridge with his college chum and guest, Frank Lamson, M.A. of Cambridge, and Doctor of Science of London, the youngest man save one who had won the gold medal in the examination for that distinguished degree. In fact, he was only thirty-two, and the medal had already been in his possession nearly a year.

The morning was so exquisitely mild, that sea and sky looked rather as though they were in the Mediterranean instead of the Channel. They were sitting in their pyjamas, with their bare feet in grass slippers.

"Well, I suppose it's time to go below and shave and dress; Miss Chrysie and Lady Olive will be up soon, and we'll have to make ourselves presentable," said Lamson, getting out of his deck-chair and throwing the end of his cigarette overboard. "Hello, what's that? Here, Hardress, get up! There's a body there in the water, horribly mangled."

"What!" exclaimed Hardress, springing from his seat and going to the end of the bridge where Lamson was standing. "So it is! Poor chap, what can have made such a mess of him as that?"

"Fallen overboard from a steamer, I should say, and got mopped by the screw," said Lamson, in his cold, bloodless voice. "It's a way screws have, you know, especially twin screws."