"A member of the Society of Nemi?"

"Yes, and more than once a Councilor. But he serves our cause better in Germany where his name is a byword for fearlessness and wisdom."

"And Liederman?"

"Herr Liederman represents Georg Senf and his followers on the floor of the Reichstag. They are both loyal men but Senf is the master."

"Thanks. This is what I wanted to know." And then, after a pause, "But why should Monsieur Khodkine choose Munich as the place to which to take this money?"

"That has puzzled me, but I think I am beginning to understand. The first stronghold of the Order of Nemi is in the Munich Committee and those others which it influences. Monsieur Khodkine plans first to take the money to a place of safety; then to throw the whole power of the Government into the Committee to thwart its leaders, who are the friends of Nemi and to divert this money to the corruption of Russian leaders, in the Prussian cause."

"You are positive as to this----?"

"This or something worse," she said.

"What could be worse?"

"Its theft by Khodkine himself or its appropriation--by the State."