Garry Elvers leaped beside him.

“What’s happened?” demanded the gangster.

“The Shadow!” exclaimed Maddox, staggering toward the door with the suitcases. “He’s up there! Get him!”

Garry leaped upon the table. As he did, a black form seemed to envelop him.

The trapdoor had opened. Garry was wrapped in the folds of The Shadow’s cloak.

To the startled eyes of Bob Maddox, staring through the dusk, the man himself had come from above. Maddox held his automatic in readiness.

The Shadow came down with his cloak. He was struggling with Garry, and Maddox could hear the gangster grunting like an enraged beast.

The fighting men were by the window. Maddox could discern the flapping cloak. Simultaneously he heard two sounds — a choking, and a cry from Garry. He knew that the gangster was throttling The Shadow.

Then, as though propelled by a desperate effort, the black-cloaked form was uplifted. The cloak fell free, but the man crashed, head-foremost, through the pane of the window — off on a four-hundred foot fall to the street!

Garry had finished The Shadow!